BELGRADE: (Serbia), April 1 (SeeNews) - MK Fintel Wind, a joint venture of Serbian vertically integrated conglomerate MK Group and Italy's Fintel Energia Group, will complete the construction of a 6.6 MW wind farm, its second in Serbia, by the end of August, the company said on Friday.
La Piccolina wind farm, close to the northern town of Vrsac, is set to supply electricity to around 5,500 households, MK Fintel Wind said in a statement.
At the end of last year the company said it plans to invest 11 million euro ($12.6 million) in the wind farm.
MK Fintel's first wind power farm, a 9.9 MW facility located close to the northern town of Kula, was worth around 15 million euro. Officially launched in November, it was the first wind park in Serbia.
Serbia is committed to a binding 27% target of energy from renewable sources in gross final energy consumption by 2020, compared with 21.2% in 2009.
MK Fintel Wind, a 46/54 joint venture between MK Group and Fintel Energia Group, was set up in 2008.
Established in 1983, privately-held MK Group is mainly involved in agricultural commodities production, trading and logistics, meat production and processing, sugar production and agricultural inputs distribution in Serbia and in farming and grain storage in Ukraine.
($= 0.8752 euro)