MET Group JV launches 1.2 MW biogas plant in Serbia
PEPO Energy, a joint venture between Swiss energy firm MET Group and Arhar Teh, a local firm in the north-eastern Serbian town of Novo Milosevo, has commenced operations at the green energy plant which uses agricultural biomass for biogas production, in turn generating electricity and heat.
MET Group entered the PEPO Project in May 2020, acquiring 51% of the equity and providing necessary project finance.
Zorana Mihajlović, Deputy Prime Minister and Minister of Mining and Energy, emphasised the importance of building a new biogas plant in the country, in addition to the 28 existing facilities.
“Currently, we are building another 73 biogas plants in Serbia, and with about 100 MW of capacity being installed in a year or two, Serbia will produce more electricity from biogas than Croatia, Slovenia, and Montenegro together.
“This project demonstrates the orientation of the Serbian government towards green energy, and every investor who invests in renewable energy shows that they believe in our energy policy,” said Mihajlović, who underlined that PEPO Energy is an investment worth €5 million, which will support more than 30 jobs.
“The PEPO power plant is yet another milestone in our renewables strategy, and demonstrates our strong commitment to a green and sustainable future,” said Benjamin Lakatos, CEO of MET Group.
“It also further underpins our commitment to Serbia, where MET has been doing business since 2009. We would like to continue to expand our renewable and conventional activities here, further investing in the Serbian economy.”