Development contracts for the EUR200 million project were signed in May and construction is to start in early 2010. The wind farm will be in the northern Kovin area, said to have the best winds in the country. Serbian power company Elektroprivreda Srbije (EPS) is obliged to buy the power at rates to be announced. "Work is under way on that rule book and on the incentive prices, which will be ready by the summer. So there is no reason not to start with the construction of the wind farm," says Dusan Mrvos, Pancevo's deputy mayor. Wellbury Wind Energy's Miodrag Obradovic points out that Pancevo was one of the first cities in Serbia to recognise the value of renewable energy. Pancevo companies may be involved in parts supply. Vienna-based Wellbury has been involved in renewables development in Serbia and surrounding countries since 2005, with support from the Stability Pact for South Eastern Europe, the Brussels Energy Community and the Viennese Energy Community Secretariat.