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IFC Backs Construction of Biomass Power Plant in Serbia with Financial Support

The International Finance Corporation (IFC) will assist the leading company in the paper industry sector in Serbia with a new investment to build the first large combined heat and power (CHP) plant using biomass for the simultaneous production of heat and electricity, announced the IFC. "The financing package provided by IFC for Drenik ND d.o.o, the largest producer of paper goods in Serbia, consists of a direct loan of 60 million euros and a 46 million euros loan from the…

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