Renewables

Energy production from biomass with USD 1.6 million from UNDP

Published

May 18, 2015

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Published:

May 18, 2015

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Businessmen interested in investing in the facilities for combined production of electric and thermal energy from biomass or biogas can count on USD 1.6 million (EUR 1.46 million) provided by the United Nations Development Programme (UNDP), officials at the Serbian Chamber of Commerce stated at a conference, Tanjug agency said.

An individual donation per project stands at 15% of the investment value of the project – maximum USD 266,000 on condition that the total investment value of the project exceeds USD 1.2 million, as reported by InSerbia.info portal. A USD 30.5 million worth project for ’Reducing Barriers to Accelerate Development of Biomass Markets in Serbia’ is implemented by UNDP and the Serbian ministries of energy and agriculture and environmental protection. It is also partly funded by the Global Environment Facility (GEF).

Project ’Reducing Barriers to Accelerate Development of Biomass Markets in Serbia’ is worth USD 30.5 million.

The public invitation, which is open until October 15, was published by the Ministry of Mining and Energy on its website, in an effort to support the building of eight facilities for combined production of electric and thermal energy from biomass or biogas.

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