NIS targets wind power opportunities in Romania, cogeneration locations in Serbia
Serbian oil and gas company NIS has selected wind power projects for development in Romania and is awaiting a nod from its board, a company presentation indicated.
The move is in line with plans to transform NIS from a national oil company into a regional energy holding.
NIS has also identified 11 locations for small-sized cogeneration power plants in Serbia as well as locations for geothermal power stations.
On Friday, NIS announced it is teaming up with Energowind to develop a 160 million euro ($211 million) project for the construction of a 102 MW wind farm in Serbia's north. The building permit for the Plandiste wind farm has been secured with construction works due for completion in early 2014.
NIS (www.nis.rs), 56.15%-owned by Russia's Gazprom Neft, is one of the largest vertically integrated companies in Southeast Europe. Main activities include the exploration, production and processing of oil and gas, as well as the production and retail trade with a wide range of petroleum products.