Bulgaria’s Silistra-based meat processor Mekom has started works on a biogas, electricity and steam production installation, executive director Stefan Raichev told Dnevnik. The cogeneration facility will have a capacity of 2 MW and produce 70% power and 30% steam for the company’s needs. The project will cost EUR 7 m, which will be sourced from bank loans and own funds. Construction could be completed within a year or a year and a half subject to obtaining the necessary financing. The company is negotiating a loan agreement with a Tier-I bank.