Page 10 - AsiaElec Week 38 2021

AsiaElec RENEWABLES AsiaElec

PowerChina wants to build hydro,

solar and wind plants in Serbia

CHINA POWERCHINA is keen for Serbia to be the there, considering the excellent relations of the
location of its first big renewable energy source two countries, the potentials of Serbia and the
(RES) investment in Europe, a statement from good investment environment,” said Xiaoyong,
the Ministry of Mining and Energy in Belgrade according to a government statement.
said. Mihajlovic brought the representatives of the
Deputy Prime Minister and Minister of Min- Chinese company up to date with the changes at
ing and Energy Zorana Mihajlovic spoke with the ministry, primarily the new investment plan
a delegation from PowerChina, led by Ji Xiaoy- and the legal framework.
ong, about energy co-operation, green energy “Our goal is to improve the energy stability in
investments and building new capacities using the next decades, and the vision of green Serbia
renewable sources. will enable the economic growth, new jobs and
The Chinese company wants to realise its first enough energy coming from renewable sources.
big investment in RES in Europe in Serbia, and Most of the projects worth €17bn in the new
is considering investing into new hydropower investment cycle have to do precisely with RES.
plants, solar power plants and wind farms, said The project book is a representation of the poten-
the Ministry. tials of Serbia in the fields of electrical energy,
“We know that you have adopted new laws RES, heating energy, energy efficiency, geology
and that you are dedicated to sustainable devel- and mining, as well as innovative projects in the
opment and green energy. We want to have field of hydrogen technologies. We want to coop-
our first big investment in RES in Europe here, erate with the best world companies in all these
especially when it comes to new hydro power fields and you are welcome to be present in our
plants, solar power plants and wind farms, market in this sector as well,” she said.™
because we believe that the possibilities are great

Elixir completes Richcairn-1S

well at CBM project in Mongolia

MONGOLIA SYDNEY-LISTED Elixir Energy has completed identification. “This demonstrates the continu-
the Richcairn-1S exploration well at the Nomgon ous improvements in the company’s exploration
IX coalbed methane (CBM) project in Mongolia, programme, from the ongoing gathering of data
Natural Gas World has reported. and the constant optimisation of exploration
The well was reportedly drilled to 792 metres, tools and analysis for the specific geology of the
with 16m of coal and 20m of “highly” carbona- South Gobi basin,” Elixir was quoted as saying.
ceous mudstone, discovered, as determined Elixir was also reported as stating that its last
from wireline logs. six wells have all intersected their coal targets
Further wells in what Elixir said could be a and the company therefore decided to acceler-
“very extensive” coal-bearing sub-basin are set to ate its drilling programme for the rest of 2021 by
follow over the remainder of 2021 and beyond. adding a third rig.™
Richcairn 1S is the first of Elixir’s explora-
tion wells to intersect coal purely from seismic

P10 www. NEWSBASE .com Week 38 22•September•2022