The 609-million-euro ($877-million) contract is for a plant that will comprise two 450-megawatt blocks, and construction is planned to be finished in three years.
"Serbia attaches great importance to this project because it will provide work for 5,000-6,000 Serbs and guarantee orders for a number of Serbian businesses," said Maja Gojkovich, mayor of Novi Sad, where the plant will be built.
Technopromexport is a leading builder of energy facilities and electricity exporter. It is also pursuing a number of projects in India, including construction of a thermal power plant there and upgrade of the Obra power plant. The company also plans to take part in a tender for the construction of a 1,900-megawatt power plant in Northern Karanpura, a project estimated at $500 million.
