“Possibilities for Energy Business in the Balkan Region”

Renewable energy sources Serbia’s potential

07 April 2011 - Minister of Environment, Mining and Spatial Planning Oliver Dulic stressed Wednesday that with the adoption of a new law on energy, serious investment in renewable energy sources in Serbia will begin.

Addressing a “Possibilities for Energy Business in the Balkan Region” conference, Dulic said that by the end of this government’s mandate, around 10,000 people are to be employed in Serbia’s green economy, which includes the recycling industry and harvesting energy from renewable sources.

Serbia’s potential in renewable energy sources equals 4.1 million tons of oil and if we manage to use these resources rationally and attract investors to invest in this sector, Serbia could completely phase out the import of energy sources, the Minister outlined.

He announced that during the year, his Ministry will launch several pilot projects to insulate state-owned buildings, adding that these projects could later be applied to other facilities in Serbia.

Investments in these projects would pay off within a few years already because they would contribute to energy savings in these facilities, Dulic added.

He said that the Fund for Environmental Protection will launch a new project of incentives for electricity production and pallets from biomass. {continued}