News

Works on Možura wind power plant about to be launched

Published

May 18, 2016

Comments

0

Share

Published:

May 18, 2016

Comments:

0

Share

Successful implementation of the wind power plant project of Možura should be an additional incentive for the dynamics and diversification of relations between Montenegro and Malta, Milo Đukanović said. The prime minister of Montenegro came to the island country for a return visit and met his counterpart Joseph Muscat. The Možura endeavour is first of its kind in bilateral relations, in energy as a very important sector, especially for the Balkan country, as it is developing its first two facilities for power from renewable sources, according to Đukanović.

Muscat said final work on administration procedures is underway, with expectations that construction in the project financed by Maltese company Enemalta Plc will be launched maybe even within days. Đukanović added the first EUR 15 million of the overall EUR 80 million is already allocated and that the last segment of paperwork for the start of works is being completed. According to information at hand, the construction may finish within 18 months.

Muscat specified the longevity of bureaucratic procedures does not imply there are difficulties – rather that some logistical points take more time, especially in relation the transport of equipment.

 

Tags: ,

Related Articles

Zagreb is introducing new municipal waste model that motivates citizens to sort waste

Zagreb to roll out municipal waste model that motivates citizens to sort waste

25 January 2022 - Citizens will dispose of waste in "official bags." They will cover the variable part of the waste collection charge by buying them.

Half Slovenian firms risk collapse high energy costs

Nearly half of Slovenian firms risk collapse over high energy costs

24 January 2022 - Respondents in a poll conducted Chamber of Commerce and Industry of Slovenia expect energy expenses to jump 128% this year

hpp-dabar-decision-capital-increase-het

HET delays decision on capital boost for hydropower plant Dabar project

24 January 2022 - An updated proposal of the capital increase plan, according to announcements from HET, is expected to be ready in February at the latest,

Green for Growth Fund Tier II capital Egyptian banks

Green for Growth Fund to provide Tier II capital to Egyptian banks

24 January 2022 - The Green for Growth Fund has been granted approval from the Central Bank of Egypt to provide Tier II capital to banks in the country