Siemens and General Electric in competition for construction of TE-TO Pancevo

Siemens and General Electric have submitted offers at the tender for the construction of TE-TO Pancevo, initiated by Russia’s Energoholding, as Russian media report.

GE is taking part in the tender as part of a consortium with Turkey’s Gamma, whereas Siemens has joined forces with the Greek company Metka, ITAR-TASS reports, citing the president of Energoholding, Denis Fedorov.

In 2015, Naftna Industrija Srbije (NIS) presented this EUR 140 million joint project with Tsentrenergoholding, a unit of Energoholding, and the thermal power plant/heating plant should reach 140 MW of power.

The partner of NIS, also owned by Gazprom, owns 51% of the newly formed company, whereas NIS owns a 49% stake in the joint project.

According to information previously provided by NIS, there’s a possibility of increasing the power to 208 MW in the second phase, which would bring the investment up to EUR 183 million, Wisebroker reports.

NIS a.d. Novi Sad

Gazprom Moscow

SIEMENS AG Beograd

General Electric International Beograd

Gazprom

NIS

Siemens

General Electric

construction of TE TO Pancevo

TE TO Pancevo

Energoholding Russia

Gamma Turkey

Metka Greece

Denis Fedorov

Tsentrenergoholding Russia

thermal power plant Pancevo

heating plant Pancevo

Gamma

thermal power plant heating plant Pancevo