Dr. Rolf Haferkamp, CEO of United Energy Group plc, has welcomed the agreement signed to seal the collaboration between the Republic of Serbia and the German utility RWE. “Not long after we became the first private enterprise to enter the Serbian energy market with the power plant project at Loznica, the potential of the market is now underlined by the agreement signed into effect between RWE and the Republic of Serbia. It bears out UEG’s strategy to commit itself in this region. The undertakings of UEG and RWE will help in a major way to bolster the security of the energy supply in Serbia.”

The agreement between RWE, the Serbian utility JP Elektroprivreda Srbije (EPS), and the Serbian Government was signed today by Serbian President Tadic at the seat of German Chancellor Angela Merkel, with the German Minister of Economy, Rainer Brüderle, in attendance. Subject of the agreement is the construction of hydroelectric power plants with an overall capacity of up to 3,000 Megawatt. RWE will explore three possible locations on the rivers Danube, Morava and Drina. The proposed site on the Drina lies on the territory of Bosnia-Herzegovina in the political-territorial division constituting the Republic of Srpska, but is supported by the latter as the project is of cross-border significance for the power supply of the entire region. The idea is to use modern pump-storage and running-water hydroelectric technology to develop the region’s significant hydropower potential and to secure an energy supply from CO2-free production for its population.

Tags: United Energy Group plc