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NIS initiated construction of the first wind farm in Serbia

September 18, 2013

Daily newspaper "Dnevnik" Company NIS initiated construction of the first wind farm in Serbia at Plandiste Municipality in which, according to CEO of NIS Kirill Kravchenko, a total of EUR 160 million will be invested. Construction works were opened by First Deputy Prime Minister Aleksandar Vucic and Kirill Kravhcenko, who stated that joint company NIS Energovind will deal with realization of the project, as NIS has 50% of ownership portion in this company while rest is owned by private investors. According to Kravhcenko, planned time for completion of this project is 12 months. Vucic stated that the wind farm represents good news for people of Serbia, as 300 people will be employed during its construction and the infrastructure surrounding Plandiste will be significantly improved. Vucic stated that as of next year, no one will be able to say that Serbia doesn’t have wind farms in 2013, 2014 or 2015.