Company Announcement - The biomass power station, fuelled by woodchips from Serbian woods, will produce 38.4GWh of electric power and 86GWh of thermal power per year. Milan, November 6th 2015 - Building Energy, multinational company operating as Global Integrated IPP in the Renewable Energy Industry, and the City of Krusevac announce the construction of a biomass power plant in Krusevac, in Central Serbia. The plant, the first one in the Country combining electric and thermal energy, will have an installed capacity of respectively 4.8MWe and 20MWt and will generate 38.4GWh of electric power and 86GWh of thermal power per year.

The development of the project, worth 27 million euro, starts from a memorandum of understanding signed between Building Energy and the City of Krusevac, which provides for a close collaboration for the creation of an electricity generation pole from renewable sources. The plant will be fuelled by woodchips coming from the cleaning of Serbian woods. The sale of thermal energy, resulting from a ten-year agreement between Building Energy and the Krusevac thermal power plant, will largely contribute to satisfy the thermal needs of the city, which has about 110,000 inhabitants. The sale of electric power, instead, will be regulated by a contract with the national utility operator EPS, according to the Serbian feed-in-tariff rules. The project will also contribute to the growth of employment in the territory, thanks to the creation of 70 new job positions during the plant construction, and 40 more positions, between specialized staff and workers, for the plant management and maintenance activities. In addition to these, other jobs will be created from satellite activities, such as the woods cleaning and the biomass transportation to the plant.

Besides the economic impact, the territory will also benefit in terms of CO2 savings, around 38,400 tons per year, achieved through both a higher cycle efficiency and the reduction in the use of carbon as the energy source of the current teleheating.

The end of construction works and the beginning of electrical and thermal power production is expected from the winter of 2017/2018.

Building Energy has been present in the Balkans market since 2014 with its offices in Belgrade, from which it manages and coordinates the development of its projects in Serbia, Croatia, Republika Srpska, Romania, Montenegro, Poland, Ukraine, Belarus, Azerbaijan and Armenia.