SPE to invest in Power plant in Bor

SPE to invest in Power plant in Bor

A contract was signed in Bor between legal representative of the US company Simon Plasma Energy (SPE) Petar Jelic and the President of Bor Municipality Branislav Rankic, which stipulates construction of 30 plasma facilities and a power plant with a planned output of 250 megawatts. The whole project is worth USD 990mn, which would represent the biggest direct foreign investment in Serbia up to date, 'Serbia & Montenegro Today' reports.
On their side, municipality gave the investor 15 hectares of the city construction land, providing that 70% of future employees are from this city. As stated, the total number of employees should reach 2.500, while construction works should start in three weeks. Planned power plant would be using as fuel communal and industrial waste from this mining city.

During the second project phase, company Simon Plasma Technology would invest additional sum of $510m and employ additional 1.500 workers, which would create conditions for establishing of the European plasma technology centre in Bor. However, reporters attending the press conference tried to find facts on Simon Plasma Technology, but the phones listed as contact numbers were actually a private residence in the United States of America.

Furthermore, there are no records on Simon Bernard's company Simon Plasma Technology which allegedly specialises in high technology, stressed reporters, but have received no satisfying answers from participants of the press conference.