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Serbia is considering the possibility of building a nuclear power plant, President Aleksandar Vučić said, and went on that country is discussing the idea with Russia’s Rosatom, reported Balkan Green Energy News on Nov. 24

President Vučić has already announced Serbia is willing to become a minority shareholder of any nuclear power plant in the region. One of the options is the planned nuclear power plant near the Hungarian town of Paks. However, for the first time Vucic also mentioned the option of constructing a plant in Serbia itself.

In an interview Nov. 24 with the official channel of Vladimir Soloviev, “Soloviev Live” on YouTube, before his two-day visit to Russia to meet Russian President Vladimir Putin, Vučić stressed Serbia had not earlier thought about building its own nuclear power plant, but that it is now starting to seriously consider the option.

There is a problem with financing because a nuclear power plant costs more than €10 billion, but Serbian laws don’t allow state debt above 60% of GDP, Vučić underlined—in line with project-preventing EU budget standards, although Serbia is not an EU member. Serbia is in talks with Rosatom on the next steps. A few days ago, the Serbian President spoke in Belgrade with Rosatom Director General Alexey Likhachev about the construction of a center for high technology and innovations in Serbia.

The governments of Serbia and Russia have already signed the agreement on cooperation in the construction of a center for high technology in medicine, science, agriculture, industry, and social development. The implementation of the project is planned after the signing of two agreements during President Vučić’s visit to Russia.