The city of Pancevo and companies Wellbury-Bela Anta and Balkana have
signed a contract to develop two wind farms with a total capacity of 170 MW and
counting around 60 wind generators. These investments will total roughly €470
million and the construction is planned to start in spring 2011.
Welbury-Bela Anta and Balkana will finance and co-own the project. Under
the terms of the agreement, the city of Pancevo will be responsible for
overseeing construction locations and providing necessary permits. "Pancevo will
have great benefits from this project, namely by using ecologically clean energy
and 0.5% of gross income from the electricity sales within the next 25 years. In
addition, all construction work will be carried out by Pancevo-based companies"
said Deputy Mayor Dusan Mrvos after the contract was signed. Miodrag Obradovic,
representative of Welbury-Bela Anta, said that Pancevo was among the first
cities in Serbia to recognize the importance of renewable sources of energy.
According to recently-passed regulation, 1 kWh of wind generated electricity
will cost about €0.095.