PODGORICA (Montenegro), October 22 (SeeNews) – Montenegro’s majority state-owned power utility company EPCG [MNG:EPCG] plans to invest a total of 700 million euro ($779.9 million) in the construction of renewable energy facilities with a total capacity of 500 MW by 2022, development and engineering director Ivan Mrvaljevic said.
“The Briska Gora photovoltaic plant, the Gvozd wind farm and the Komarnica hydropower plant will have a total capacity of about 500 MW,” Mrvaljevic said in a video file posted on the website of public broadcaster RTCG on Monday.
Last month, the shareholders of EPCG approved a 58 million euro investment in the construction of the 50 MW Gvozd wind farm in cooperation with Austria’s Ivicom Holding GmbH.
The Montenegrin company won in December 2018 a contract to build the 178 million euro Briska Gora PV plant, with a capacity of about 200 MW, in consortium with Finland’s Fortum.
($ = 0.8975 euro)