Electricity

Montenegrin Government to invite offers for solar plant project

Montenegrin Government to invite offers for solar plant project

Photo: Pixabay

Published

May 8, 2018

Country

Comments

comments icon

0

Share

Published:

May 8, 2018

Country:

Comments:

comments icon

0

Share

The government of Montenegro said it would publish a tender for the leasing of land intended for the construction of a solar power plant in the Ulcinj municipality.

A government press release said that the Ministry of the Economy would invite offers for the leasing of more than six million square meters of land for the implementation of a project to build a solar power plant on the Briska Gora site in the south of the country.

The public invitation defines the leasing of a total of 6,621,121 square meters of land for the planning, construction, exploitation, and maintenance of a solar power plant with a total installed capacity of more than 200 MW, the press release said, adding that under existing spatial plans, 2.9 million square meters of that land has been set aside solely for the solar power plant.

The best bidder will also be given the possibility of signing a contract on the guaranteed purchase of electricity under market conditions, the government said.

Offers to lease the land and build the solar power plant can be submitted by investors who have experience in projects to build solar plants with an installed power of at least 100 MW and have reported a gross income of more than EUR 100 million in the past three fiscal years, the press release said.

Construction in two phases

The Montenegrin government believes that the project will have a significant effect in raising the level of use of renewable sources for the production of power and that it will be an important element in the system to supply consumers.

According to the Montenegrin media, the government could have an income of some EUR 330,000 a year from the leasing of the land at Briska Gora at a minimum price of five Euro cents per square meter per year.

The media said that the first stage of the construction of the solar power plant has to be finished within a deadline of 18 months from the date of the signing of the contract. The power plant has to have an installed capacity of 50 MW by that deadline and an installed capacity of at least 200 MW by the end of the second stage, which has to be completed within 24 months of the completion of the first stage.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Trump scraps US climate policy blocks offshore wind exits Paris Agreement

Trump scraps US climate policy, blocks offshore wind, exits Paris Agreement

21 January 2025 - President Donald Trump substantially reversed the US energy and climate policy. He is withdrawing the country from the Paris Agreement again.

Hungary suffers highest cross-border electricity price volatility spillovers in EU

21 January 2025 - IMF has examined wholesale electricity price volatility and its spillover effects across 24 countries in the European Union

Trump declaring energy emergency Drill baby drill

Trump declaring energy emergency to ‘Drill, baby, drill’

20 January 2025 - In his inauguration address, United States President Donald Trump vowed to bring energy prices down, with an emphasis on raising oil and gas production

serbia azerbaijan gas power plant nis memorandum eps srbijagas dubravka djedovic

Serbia to sign gas power plant memorandum with Azerbaijan

20 January 2025 - Dubravka Đedović Handanović spoke about a gas power plant project in Serbia with Deputy Minister of Economy of Azerbaijan Anar Akhundov