Croatian Businessman To Invest 6.0 Mln Euro in Hydro Power Stations in Serbia
Croatian businessman Sasa Loncar plans to invest a combined 6.0 million euro ($8.1 million) in four small hydro power stations in Serbia, Zagreb-based media reported on Monday.
Loncar plans to invest in three power stations with a capacity of 500 kilowatts to 1.5 megawatts (MW) each in eastern Serbia with a fourth hydro power station planned for the region of Valjevo, in western Serbia, news daily Poslovni Dnevnik (www.poslovni.hr) reported.
The first two power stations will come on stream by the end of 2012, Loncar told Poslovni.
The businessman said he is looking for partners for a fifth hydro power project in Serbia with as yet unspecified location. That facility is expected to cost more than 20 million euro and will have a capacity of 10 MW. The project was launched some 18 months ago and should be completed by 2020, Loncar said.