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Serbia's Ministry of Mining and Energy has published the list of prequalified contractors for a €211 million energy renovation of the Military Medical Academy in Belgrade.
The VMA is one of Europe's largest hospitals. Its 180,000 square metre campus has been in operation since 1982 and now primarily serves a civilian population, treating hundreds of thousands of outpatients each year.
Construction on the first phase was due to begin in Q3 2026, with work required to proceed without interrupting hospital operations.
Three Lots, Dozens of Prequalified Bidders
The project is split into three distinct lots, each addressing a different aspect of the hospital's energy infrastructure:
- Lot 1 Solar: design and construction of photovoltaic plants on the VMA roof and outside parking lot, targeting a combined capacity of at least 5 megawatts.
Prequalified bidders include Energogroup, Modulor, Strabag with its Austrian parent, and Termomont with Elektrovat
- Lot 2 Boiler house: a new installation with three 8-megawatt gas condensing boilers. Shortlisted bidders include a consortium of DECO, Goša Montaža and Termoenergo Inženjering, alongside Energogroup and Termomont
- Lot 3 Structural works: hot water system upgrades, structural repairs and roof reconstruction. Energogroup, DECO and Jadran were prequalified for this element
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Who Is Financing the Project
KfW, Germany's development bank, signed a €50 million loan agreement with Serbia in 2021.
The EU added a €5 million grant through the Western Balkans Investment Framework. Together, they contributed €55 million to the project as part of the broader "Greening the Public Sector" programme that Germany and the EU have run in Serbia since 2020.
The total project cost has since risen to €211 million, according to Serbian Defence Minister Bratislav Gašić, who confirmed the figure in December 2025.
The source documents reviewed do not specify how the gap between the €55 million committed by KfW and the EU and the full project cost will be covered.
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What the Retrofit Is Targeting
The renovation aims to cut the VMA's energy consumption and carbon dioxide emissions by at least 35%. Bidding follows KfW procurement guidelines and FIDIC contract standards.
The project represents one of the most significant public building energy efficiency investments in Serbia and by scale, one of the largest hospital retrofit programmes in the wider Balkan region.
For Serbia's EU accession ambitions, delivering a large, internationally financed green infrastructure project at this scale carries political and economic weight beyond the energy savings it will generate.
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