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Serbia to Work on Renewables With Spain’s Grupo Labaro, Sunco

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March 21 (Bloomberg) -- Elektroprivreda Srbije, Serbia’s state-owned power monopoly, signed an accord with three Spanish energy companies to raise production from renewable sources.

The Belgrade-base utility will work with Spain’s Grupo Labaro, Barcelona-based Energy Resources SA and Sunco Renewable Energy on planned wind farms, solar plants and biomass projects whose “initial” installed capacity is seen at around 150 megawatts, said Elektroprivreda Executive Director Bratislav Ceperkovic in Belgrade today. The company will sign another memorandum of understanding with Spain’s Institut Catala d’Energia on April 18.

The power monopoly produces a third of its 35,000 gigawatt-hour annual output from hydroplants and needs to increase the share from renewables to help improve Serbia’s overall energy mix by 2020, said Ljubo Macic, head of Serbia’s Energy Agency. The aim is part of Serbia’s broader efforts to join the European Union, he said.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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