About Us

About the Project

The project aims to introduce hydrogeothermal energy into the district heating system of the City of Valjevo, enabling access to clean, affordable, and locally available energy. Through this initiative, Valjevo could significantly reduce pollution and become a model of sustainable development in Serbia.

For citizens, the project means cleaner air, lower heating costs, and a more secure energy future.

About Palkovsky Group

Palkovsky Group is a family-owned company founded as the realization of the vision of its founder Petr Palkovsky and his family — the belief that economic development can only be driven in harmony with nature and people.

Educated as a marine biologist, Mr. Petr Palkovsky has shaped his business philosophy around the development of projects that bring benefits to the wider community while respecting strict environmental protection standards and the principles of responsible and sustainable business.

The company develops projects that stimulate economic growth while safeguarding community well-being and preserving the natural environment for future generations. Its focus is on responsible and sustainable investment in key mineral resources and renewable energy sources.

Both are guided by the same goal: through responsible treatment of nature and people, and the use of innovation, to create value for all.

Palkovsky Group is supported by a team of domestic and international experts with exceptional knowledge and extensive experience, ensuring that all projects are implemented in harmony with nature and society.

Projects in Serbia are realized through Palkovsky d.o.o., headquartered in Valjevo.

Company Mission

Our mission is to conduct thorough research and analysis in full compliance with all applicable regulations and the highest professional standards, in order to demonstrate that natural resources can be developed responsibly — ensuring environmental protection while simultaneously fulfilling their full economic and social potential for Serbia.

Company Vision

Our vision is not only to restore, but to create a business model in which the environment, the economy, and society grow together - in balance and mutual reinforcement.

Palkovsky Foundation

Beyond its business activities, the vision of Palkovsky Group includes broader social impact through the establishment of the Palkovsky Foundation.

This philanthropic initiative reflects the family’s commitment to investing in a sustainable and secure future for the communities in which its business activities take place.

The Foundation’s work will focus on four core areas:

Youth and Skills

Education and Science

Ecology and Environmental Protection

Local Community and Sustainability