The loan agreement of 292 million dollars to modernize the mines and power plant (TE-KO) "Kostolac" should be signed by the end of October, announced Petar Škundrić, the Serbian prime minister's adviser for the Energy.

I expect that the loan agreement be signed with the Chinese Eksim Bank by the end of October, and after it will begin modernization of Kostolac, Škundrić announced at the ceremony on the occasion of the Electric Power Industry of Serbia (EPS).

General Manager of EPS, Dragomir Marković reminded that it has signed a preliminary contract for the project, which will be the first stage to make revitalization of thermal B1 and B2 in Kostolac, the construction of a desulphurization system and support infrastructure