BELGRADE (Serbia), November 29 (SeeNews) - State-owned power utility Elektroprivreda Srbije (EPS) plans to invest 97 million euro ($114.7 million) in the construction of a 66 MW wind farm in Kostolac, EPS managing director Milorad Grcic said on Wednesday.
German development bank KfW will extend a 80 million euro for the project and will grant 1 million euro for the studies in the preliminary phase of the project, Grcic said in a video file posted on the website of news agency Tanjug.
The construction of the wind farm will start in 2019 and the facility will be put on stream in 2020, Grcic said.
A total of 120 tonnes of carbon dioxide (CO2) emissions will be offset annually through the operation of the wind farm, the director of the Serbian office of KfW, Arne Gooss, said in the video file.
Last month, Serbia's energy minister Aleksandar Antic said he expects the country to add 250 MW of new wind power capacity by the end of 2018.
Renewable energy sources should account for 27% of Serbia's total installed power capacity by 2020 and the launch of new wind farms contributes to achieving this goal, Antic said back then.
($ = 0.8455 euro)