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Fortum, EPCG place best bid in 200 MW solar plant tender in Montenegro

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Fortum, EPCG place best bid in 200 MW solar plant tender in Montenegro


PODGORICA (Montenegro), October 22 (SeeNews) – Montenegro's economy ministry said a consortium of Finland's Fortum and Montenegrin power utility EPCG [MNG:EPCG] placed the best bid in a tender for the construction and operation of a photovoltaic (PV) plant with installed capacity of more than 200 MW in the municipality of Ulcinj.

The consortium offered a 178 million euro ($204.8 million) investment and the best conditions in terms of number of newly created jobs, technical capacity, financial terms and participation of domestic companies, the economy ministry said in a statement on Friday.

EPCG and Fortum offered a concession fee 0.33 euro per square metre for the land of the facility, the economy ministry said. They plan to open 226 jobs,

The tender envisages the construction of a PV plant  on a 6.621 million sq m plot of land in Briska Gora.

The selected bidder will have to install at least 50 MW of PV capacity within a period of 18 months after the signing of the agreement and to increase capacity to more than 200 MW in the following 36 months.

($ = 0.8691 euro)


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