Serbia's MK Fintel Wind, a joint venture
between Italy's Fintel Energia Group and Serbian vertically integrated
conglomerate MK Group, said on Tuesday it has started the construction of a 9.9
MW wind power plant (WPP) in the northern town of Kula.
The Kula wind
park, comprising three Vestas wind turbines, will be capable of generating 27
million KWh of electricity annually and should be completed by October 31, the
company said in a statement.
MK Fintel Wind, which invested nearly 15
million euro ($17.1 million) in this lead-off WPP project, said it will soon
start the construction of a second wind farm with an investment value of 11
million euro in the area of the northern town of Vrsac.
In December,
Fintel Energia Group said that along with the other company-owned 6.6 MW
facility in construction, La Piccolina, due to completion on late 2015, the Kula
wind farm accounts for 100% of the feed-in tariff subsidized wind energy
investments in Serbia for 2015.
Besides the above mentioned investments,
MK-Fintel fully owns in Serbia additional projects totaling 178.2 MW ready to
build, the Italian firm also said at the time.
MK Fintel Wind, a 46/54
joint venturebetween MK Group and Fintel Energia Group, was set up in 2008 to
invest in green energy projects in Serbia and the region.
Established in
1983, privately-held MK Group is mainly involved in agricultural commodities
production, trading and logistics, meat production and processing, sugar
production and agricultural inputs distribution in Serbia and in farming and
grain storage in Ukraine.