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28/02/2024
Mining News

Zijin Copper in Serbia Ventures into Self-Sufficient Energy and Hydrogen Production

Serbian Mining and Energy ministry signed a Memorandum of Understanding on investments in renewable energy sources with the Chinese Shanghai Fengling Renewables Co. Ltd and Serbia Zijin Copper doo Bor.

A government press release quoted as saying that the project includes the construction of a 2 GW power plant in the Bor are, a 1,500 MW wind power plant and a 500 MW solar power plant as well as the construction of a factory for the production of green hydrogen, with a capacity of about 30,000 tons per year.

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“The total investment is about €2 billion and the investor is the company Shanghai Fengling. The produced energy will be used for the production needs of Zijin,” the minister said and added that construction is planned to start early next year with the first stage of 700 MW completed by mid-2026 and the rest of the project by the end of 2028. Minister said the project will create 300-500 jobs.

 

Source: Serbia Business

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