Installing 26 wind turbines on the Krnovo hill near Niksic has been finished. The project is more than €140m worth and it is being implemented by the Austrian company Ivica Consulting and the French company Akuo Energy.
“We were informed on Tuesday that the investor completed the installation of all 26 wind turbines on the Krnovo hill and that the testing was ongoing”, the Ministry of Economy told Pobjeda newspaper.
The ministry added that according to the contract, the investor is obliged to enable the wind farm on Krnovo to be operable and connected to the electricity system by 7 May next year.
Representatives of the ministry called into mind that according to the contract the state land was leased for 20 years, with the possibility of extension up to a maximum of five years, for the construction of 72MW wind farm in Krnovo. The construction began in May last year.
The wind farm is expected to generate 200–230GWh of electricity a year.
The wind turbines have been installed at about 1,500 meters above sea level where the average wind speed is estimated at about 5.5 to 6.5 meters per second. Completion of their construction will contribute to achieving the national target of a 33% share of renewable energy in final consumption.
According to the contract, for the first 12 years of operation the guaranteed purchase price of electricity generated by the wind farm cannot be lower than €95.99 per MWh.
The wind farm on the Krnovo hill represent the first large investment in electric power capacities in Montenegro since 1980.
The 20 year lease contract of state land, with possibility of extension up to a maximum of five years, was concluded on 5 August 2010.
Building permit for small hydropower plant on the Rijeka Rezevica issued
Ministry of Sustainable Development and Tourism issued a building permit to Budva-based company Meii for the construction of small hydropower plant on the Rijeka Rezevica watercourse in the Municipality of Budva. The concession contract for exploiting the watercourse was signed in early 2014. The installed ca capacity of the hydropower facility is to be 0.95MW.
Source: Cafe Del Montenegro