"Balanced expert perspective available fromour huge archive dating back to 1985"
Support for foreign investment
1 February 2009
Serbia's mining and energy ministry is preparing a support system for foreigners wanting to invest in electricity production from renewable energy sources. The ministry's Dejan Stojadinovic says the government plans to mandate a purchase price for power from renewable sources of EUR 0.114-EUR 0.136/kWh, with investors permitted to sign 12-year purchase contracts with state-owned power company Elektroprivreda Srbije. According to Stojadinovic, Serbia has potential to annually produce 2.3 TWh of electricity from wind power, or about 7% of current electricity production. The best locations in Serbia are Midzor, with average wind speed of 7.7 m/s, followed by Suva Planina (6.5 m/s) and Vrsacki Breg (6.3 m/s). State Secretary Nikola Rajakovic has promised the new incentives will come into force by July, saying a fund will be set up to provide "significant subsidies" for both Serbian and foreign investors in the renewable energy sector.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletins.