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RWE to build Serbian hydro power plants
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FRANKFURT - German utility RWE AG said Monday it has signed a memorandum of understanding with the Serbian government and the utility JP Elektroprivreda Srbije to form an energy partnership and build hydro electric power plants in the country.
RWE, based in Essen, said the first step of the agreement entails building hydro-power plants with 3,000 megawatts of total capacity. The company didn't specify how many plants it intends to build or what the projects could cost.
It said going forward, the parties would cooperate in other joint projects to develop the Serbian electricity market.
RWE said it will look at three potential sites on the Danube, Morava and Drina rivers for sites to build the plants.
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