Serbia's Novi Sad Heating Co To Start Tendering for 21 Mln Euro Project in Q4

BELGRADE (Serbia), May 23 (SeeNews) – Serbia's Novi Sad Heating Plant plans to start tendering in the fourth quarter of 2011 contracts for a 21 million euro ($29.4 million) project co-funded by the European Bank for Reconstruction and Development, the lender said.

The utility company intends to use the proceeds from an 18.5 million euro European Bank for Reconstruction and Development (EBRD) loan to build a biomass boiler plant, upgrade primary and secondary substations in the city of Novi Sad and install radiator valves and heat cost allocators in about 2,000 residential units, the lender said in a general procurement notice on its website last week.

The proposed project will require the supply and installation of indirect substations; supply and installation of a pellet boiler plant; and the supply and installation of heat cost allocators and thermostatic radiator valves, the EBRD said.

The capacity of the planned boiler plant was not disclosed.

Novi Sad is the administrative centre of Serbia's northern Vojvodina province.

($ = 0.7146 euro)

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