Germany-based RWE Innogy and Serbian energy utility Elektroprivreda Srbije have formed a joint venture for the development of hydropower plants in Belgrade, RWE reported.
In the years to come, the joint venture company, "Moravske hidroelektrane d.o.o.," is to develop five run-of-river small hydro plants with an installed capacity of 30 MW each on the Morava River.
Construction of the first hydropower plant can start in 2014 after the positive outcome of feasibility studies and completion of the planning process.
The chain of hydropower plants, with a total installed capacity of 150 MW, will generate around 650 GWh of electricity per year. RWE Innogy has a stake of 51 percent in the joint venture company; the share of EPS is 49 percent.
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