RETROSPECTIVE 2011 - Investments in field of MUNICIPAL INFRASTRUCTURE AND ENERGY that drew greatest attention of eKapija's users in 2011
eKapija`s investment team has recently done an analysis and formed the rank list of investments and investment ideas that drew the greatest attention of eKapija`s users in 2011. The results are very interesting, some are expected, but there is a plenty of surprises, so that we`ve decided to share this information with you.
Projects are classified into 12 categories and this time we are presenting the most interesting investments in the category of MUNICIPAL INFRASTRUCTURE AND ENERGY.
Although the need for investments in renewable energy sources is frequently spoken about, putting words into action in that field is going slow. Numerous announced windmills are not spinning yet on the fields across Serbia, but our country will definitely be soon "warmed by the sun." Namely, Luxembourg-based Securum Equity Partners has decided to use the energy potential of solar radiation in Serbia, which is 40% above the European average, and start the construction of the world's largest solar park in the south of our country in mid-2013.
If our country gets hit by a drought similar to last year's and the production of electricity at hydroelectric power plants is reduced again, we may be able to use solar energy from Vranje, Leskovac and Beocin, where the construction of solar power plants is in the pipeline. Of course, Serbia's big water potential is also not given up, so that the Electric Power Company of Serbia (EPS) last year entered into a strategic partnership with the Electric Power Company of the Republic of Srpska and the Italian company Seci Energia to implement The Middle Reaches of the Drina project worth EUR 870 million.
Also, the agricultural company Sava Kovacevic started the construction of the first biogas plant in Serbia last year.
The first steps related to investments in renewable energy sources have already been taken, and we now need to accelerate the implementation of all announced projects in order to meet the conditions set forth by a EU directive stipulating that the share of renewable energy in overall energy consumption in Serbia must reach 25% until 2020.
The biggest attention of eKapija's readers was drawn by the announcement of the construction of the world's largest solar park in southern Serbia. Ivan Matejak, CEO of Securum Equity Partners Serbia, told our web portal that the plan was to build a solar plant on an area spanning 3,000 hectares, adding that it would be twice as big as currently the world's largest solar park in California, whose installed capacity is 500 MW. Justifying the company's decision to invest in Serbia, Matejak said that, aside from favorable solar radiation, Serbia also possessed the appropriate electricity infrastructure and was well-connected with those in neighboring countries.
The runner-up on this list is the construction of a solar power plant in Vranje, which is an investment worth EUR 300 million. Determined to develop one of the largest solar parks in Europe, Euro Solar Park Serbia entered into strategic partnership with one of China's largest private companies engaged in renewable energy sources.
The third-ranked project is a tire recycling machinery and a biogas power plant, which will be built in the settlement of Visnjicevo in Sid, on an area spanning 47 hectares. German companies Berthold Simon and Fasel Energy should kick off the construction of these facilities in Sid in March. They plan to invest EUR 135 million and employ 150 people.
The fourth place belongs to The Middle Reaches of the Drina project, which envisages the construction of three hydroelectric power plants - Dubrava, Tegare and Rogacica, with the total installed capacity of 320 megawatts. Italy's Seci Energia, the EPS and the Electric Power Company of the Republic of Srpska will invest EUR 870 million in this project. According to announcements, the construction should commence in 2013, and the first electricity from the middle reaches of the Drina river should be available in 2019. The Italian company should also start building a hydroelectric power plant on the Ibar river as early as this year.
The next on the list is a wind farm in Alibunar, where Belgrade-based Electrawinds-S, which is owned by Belgian companies Electrawinds SA and Greenco SA, plans to build two wind farms - Alibunar and Malibunar. Aside from windmills that rank fifth, the Belgian company also plans another investment in Vojvodina. Namely, it is going to build an animal waste treatment plant that will employ 100 people and use animal fats to generate energy.
eKapija presented various recycling projects last year, and the sixth-ranked investment on this list is the construction of 30 collection centers for municipal and other waste in Serbia, which would solve the problem of shortage of raw materials, create jobs for thousands of workers and reduce both the amount of waste to be disposed of and the pollution of the environment.
The first solar power plant in Serbia, which was supposed to be situated in the village of Velika Biljanica, in the vicinity of Leskovac, was first mentioned in 2010. However, preparation works for the construction of a 950kV photovoltaic power plant kicked off late last year. This project, worth EUR 3 million, ranks seventh on our list.
One of the important steps on Serbia's path to becoming an energy hub in southeast Europe is putting of the underground gas storage Banatski Dvor in operation, which is the eighth on the list. The public company Srbijagas announced that it would invest EUR 65 million in the construction of a new underground gas storage in Itebej, near Zrenjanin, until 2014.
The announced arrival of Italian Prime Minister Silvio Berlusconi and his delegation in Belgrade in July 2011 should have also resulted in the final agreement between the EPS and Italy's Edison on an investment worth nearly EUR 1 billion in Kolubara B steam power plant. However, Berlusconi did not come to our capital city, but the agreement with the Italian company was confirmed, and this project, which was in the focus of attention during the entire last year, ranks ninth on eKapija's list.
The tenth place belongs to hydroelectric power plants on the Velika Morava, in which EUR 352 million will be invested. The EPS and Germany's RWE Innogy signed an agreement to form the joint venture Moravske Hidroelektrane and put it in charge of the construction of five hydroelectric power plants on aforementioned river.
The eleventh is the construction of Block 3 within Nikola Tesla Steam Power Plant in Obrenovac. The total value of the investment in the new block, with the capacity of 744 megawatts, exceeds EUR 2 billion.
The twelfth-ranked investment is a biodiesel production plant invented by a team of experts from the Faculty of Technology in Leskovac with the aim of reducing operating costs of farmers and all those who decide to produce this biofuel.
The thirteenth place belongs to the first phase of the construction of a biogas plant at the agricultural company Sava Kovacevic. The fourteenth is a EUR 8.85 million investment in the La Picollina Wind Farm 1 project in Vrsac, which will be built by MK Fintel Wind. And the fifteenth-ranked investment is a solar power plant that Slovakia's Vаt Energiа intends to build in Beocin.
Take a look at the complete rank list of investments in the category of MUNICIPAL INFRASTRUCTURE AND ENERGY and compare it with your own opinions, expectations and assessments.
One more thing - have you already read which projects drew your greatest attention in the category of SPORTS, SHOPPING CENTERS, TOURISM, ENTERTAINMENT AND RECREATION, INDUSTRY, TRANSPORT, TELECOMMUNICATIONS and IT, REAL ESTATE and HEALTH CARE?