Published 05:42 May 9, 2012
Updated 05:42 May 9, 2012
Serbia will host the "the world's largest individual solar park", after the government representatives and private investors signed a deal on 8 May.
Minister of the Environment, Mining and Spatial Planning Oliver Dulić, in the presence of the care-taker Prime Minister Mirko Cvetković, signed a deal on behalf of the government. The project should bring 1,000 MW of additional electricity and the 'solar park' should cover a total area of 3,000 hectares.
The project worth about €2 billion is expected to take several years to complete and would provide employment for 2,500 to 3,000 people. When finished, the park will employ 500 to 600 workers.
Dulić pointed out that Serbia had no financial commitments in the investment, but could see revevenues from taxes of some €750 million over the next 20 years. Prime minister Cvetković added that the project was export-oriented and supports the introduction of new technologies, while creating jobs.
Serbian government contribute to the project giving a free of charge lease on land for the park for a period of 25 years.