Putin visits ice cave during Arctic tourSociety & Culture March 30, 0:02
Putin orders Defense Ministry and FSB to ensure protection of Russia’s interests in ArcticMilitary & Defense March 29, 21:46
Kiev aware of few chances to win in debt lawsuit case — envoyBusiness & Economy March 29, 20:52
Russian top diplomat dismisses claims about human rights violations in Crimea as liesRussian Politics & Diplomacy March 29, 20:23
Moscow suspects Jabhat al-Nusra could be used to topple AssadRussian Politics & Diplomacy March 29, 19:58
Lavrov reiterates there are no facts substantiating Iran’s links to terroristsRussian Politics & Diplomacy March 29, 19:40
Russia to upgrade helicopter protection system based on Syrian experienceMilitary & Defense March 29, 19:00
Lavrov says Ukrainian president wants to bury Minsk agreementsRussian Politics & Diplomacy March 29, 18:57
FIDE executive says Ilyumzhinov himself to blame over media buzz on his resignationSport March 29, 18:46
BELGRADE, August 8 (Itar-Tass) - Security Equity Partners has terminated a contract with the government of Serbia for the construction of a solar power station. The U.S Company’s representative said on Thursday that Security Equity Partners would sue Serbia for 160 million euro worth of losses at the London Court of International Arbitration.
Security Equity Partners claims that the Serbian government has violated the contract terms by failing to provide a 3,000-hectare land allotment for the station’s construction.
The contract for building Europe’s biggest solar power station with a capacity of 1,000 megawatts in Serbia was signed in October 2012. The project was estimated to cost 1.75 billion euro.
However, representatives of Serbia’s Energy Ministry say that the Serbian government offered ten various land plots with a total area of 30,000 hectares to Security Equity Partners but none of them suited the company for various reasons.