According to a statement from the Serbian Energy Ministry, the deal paves the way for €7.5 million in investments in biomass and other renewable energy projects, as well as initiatives focusing on improving the nation's energy efficiency.
Published reports said the goal of the project is using biomass to produce heat and electric energy for the heating of PKB Agriculture Corporation plastic greenhouses in Padinska Skela near Belgrade, as well as a nearby school and psychiatric hospital.
Electric energy will also be sold to national power company Electric Power Industry of Serbia (EPS).
The project is the first undertaken in Serbia to combine the production of heat and electric energy from renewable sources.
The agreement was signed by Energy Minister Zorana Mihajlović, Belgrade Mayor Dragan Đilas, and Swiss Ambassador to Serbia Jean-Daniel Ruch.
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