Renewables

Montenegro to buy part of transmission network from Krnovo wind farm

Montenegro to buy part of transmission network from Krnovo wind farm

Photo: Vlada Crne Gore

Published

February 28, 2018

Country

Comments

comments icon

0

Share

Published:

February 28, 2018

Country:

Comments:

comments icon

0

Share

The Government of Montenegro has decided to purchase a part of the power transmission infrastructure which France’s Akuo Energy has built for its Krnovo wind farm. A European Union grant of EUR 5.8 million has been secured for the transaction.

The 110/35 kV Brezna substation with a connection to the existing Nikšić-Brezna transmission line, as well as the 110 kV double-circuit Brezna-Krnovo transmission line will be taken over by state-owned transmission system operator Crnogorski Elektroprenosni Sistem (CGES).

The EUR 5.8 million grant is part of a EUR 25 million grant for the Trans-Balkan Electricity Corridor. An assessment of the infrastructure value has been produced by an appraiser hired by the German development bank KfW in the process of approving the EU grant.

The 72 MW Krnovo wind farm has been built by Austria’s Ivicom Consulting and France’s Akuo Energy. The construction began in mid-2015, and the wind farm started operating in November 2017.

According to the decision of the Government of Montenegro on adopting annex no. 6 to the agreement on land lease and construction of a wind farm at the Krnovo locality with Akuo Energy, using the provisions of the Law on Energy and on the basis of CGES’ consent, the French company has built a part of the infrastructure envisaged in the ten-year plan for the development of the national power transmission network.

“Considering that at the time of concluding previous agreements and annexes, the infrastructure that is an integral part of the wind farm and the infrastructure that is an integral part of the plans for the development of the transmission network in Montenegro were not precisely separated, its construction and land registration in the cadaster has put conditions in place for signing and separation under Annex No. 6 ,” the Montenegrin government’s decision states.

The annex creates conditions for the signing of an agreement between the investor and the transmission system operator, CGES. The Government of Montenegro has authorized Minister of Economy Dragica Sekulić to sign the annex with Krnovo Green Energy, owned by Akuo.

Negotiations with Masdar

The decision notes that during the preparation of the annex, Akuo announced that it is considering the possibility to change the composition of the consortium in the forthcoming period, by including another distinguished investor –the United Arab Emirates (UAE)-based Masdar, of which the Ministry of Economy will be notified in a timely manner.

“If it is established, after the submission of the request, that all conditions are fulfilled for the requested change in the consortium, it will be necessary to conclude a new annex,” the decision reads.

Masdar and Akuo Energy announced in mid-January they had signed a contract under which the UAE company will buy 49% of Krnovo Green Energy, which operates the wind farm.

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

montenegro italy admir sahmanovic subsea cable solar wind

4 GW of solar, wind projects in pipeline in Montenegro – minister

04 April 2025 - Speaking at the Economic Dialogue Montenegro-Italy round table, minister Admir Šahmanović called for stronger cooperation between the two countries

Share coal power Finland nearly zero cogeneration plant shuts down

Share of coal power in Finland nearly zero as cogeneration plant shuts down

03 April 2025 - The now closed Salmisaari coal plant accounted for just 0.8% of the electricity mix in Finland together with three remaining ones

solar nuclear power prices europe eurelectric

Solar, nuclear lower Europe’s power prices by 30% in March

03 April 2025 - Solar broke a record in power generation in March for the third consecutive month, making up more than 10% of Europe’s electricity mix, Eurelectric said

PPC announces 5.8 billion plan for Western Macedonia, focused on photovoltaics, storage and data centers

PPC plans EUR 5.8 billion makeover of Western Macedonia coal region, including data centers

03 April 2025 - PPC presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece