BEIJING, June 27, 2016 /PRNewswire/ -- On June 19, Poly Technologies and the China National Machinery Import and Export Corporation (CMC) jointly signed cooperation agreements with Serbia on garbage power generation projects in Pancevo and sewage treatment projects in Belgrade.
The agreements were signed during Chinese President's visit to Serbia. As one of the major cooperation achievements between the two countries, the Chinese head of state as well as both Serbian President Tomislav Nikolic and Prime Minister Aleksandar Vucic attended the signing ceremony.
The Poly Technologies delegation also met with the Serbian Minister of Energy Aleksandar Antic, the mayor of Novi Sad Milos Vucevic and the mayor of Belgrade Sinisa Mali with whom they respectively held in-depth discussions concerning the cooperation on the sewage treatment and the garbage power generation projects.
The two parties confirmed that they would adopt a public-private partnership (PPP) funding model for both projects and reached a consensus whereby a working group would be formed as soon as possible to more effectively carry out the follow-up work.
The Serbian garbage power generation and sewage treatment projects will be invested in and implemented by China Africa Investment and Development Co., Ltd., a professional investment platform jointly established by Poly Technologies and the China-Africa Development Fund.
The platform is dedicated to investing in energy development and infrastructure construction projects across Africa and in emerging market countries via a fund model and offering consulting and financing services for Chinese companies involved in international energy development projects.
The two 'green' projects are highly valued by the local government as they are expected to deliver clean energy to the people of Serbia and solve their real life needs.
SOURCE Poly Technologies, Inc.