Serbia selects Hyundai Engineering, UGTR consortium as Strategic Partner for solar power plants of 1 GW in total
Hyundai Engineering, Hyundai ENG America and UGT Renewables are set to build a group of solar power plants with energy storage systems and hand them over to Serbia’s state-owned power utility Elektroprivreda Srbije (EPS). It would be the country’s first strategic partnership in the sector.
The public call was issued in July. The government’s working group in charge of conducting the process now needs to conduct talks with the consortium, as the best bidder, on the project execution agreement.
At the same time, the Ministry of Finance, in collaboration with the Ministry of Mining and Energy, is responsible for negotiations on financing...