"Citadel Financial Advisory" became adviser in selection of strategic partner for construction of TE-TO Novi Sad

Consulting services for preparation and realization of international tender for selection of strategic partner for modernization and expansion of TE-TO Novi Sad will be provided to "Electric Power Company of Serbia" by Belgrade-based company "Citadel Financial Advisory" .

Public company "Electric Power Company of Serbia" has started realization of selection of the strategic partner for construction of new steam power plant - heating plant (TE-TO) in Novi Sad. New modern unit for production of electric and heating energy, which should be using natural gas, should cost about 200m EUR, and it will, most probably, be the first new power production facility in Serbia that will be connected to the grid in 2012.

As a part of the consortium, "Citadel" has already worked on project "Improvement of investment activities, selection and attraction of strategic partner for reconstruction of Pannonian TE-TO – Reconstruction of TE-TO Novi Sad".