Serbia and South Korean consortium sign solar plants deal
BELGRADE, Oct 16 (Reuters) -Serbia and a U.S.-South Korean consortium comprising UTG Renewables and Hyundai Engineering & Technology have signed a deal to build six solar power plants with a total capacity of 1,000 megawatts, a statement from the energy and mining ministry said.
Serbian energy and mining minister Dubravka Djedovic Handanovic and the CEO of state-run power utility EPS Dusan Zivkovic signed the agreement on the Serbian side, the statement said.
The solar plants will have battery storage with a total capacity of 200 MW, the ministry said in the statement.
Serbia, a candidate to join the European Union, produces two-thirds of its electricity in ailing coal power plants and is seeking to increase the share of renewable energy sources in its energy mix to cut down its carbon footprint.
Reporting by Ivana Sekularac; Editing by Jan Harvey
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