MK Group to build biomass-fired power plant in Serbia

MK Group plans to invest EUR8.1 million (US$9.1 million) in the construction of a biomass-fired power plant in Vrbas, in the northern part of Serbia. The biomass-fired power plant will produce 20,000 MWh of electricity per year, enough to satisfy the energy needs of about 5,000 households.

The project will be carried out by MK Biogas, a subsidiary of MK Group, while the design of the power plant will be made by Wabio Technologie.

MK Group intends to start construction works on the project in September and launch the power plant in February 2020.