SKOPJE (Macedonia), May 9 (SeeNews) – Macedonian power producer ELEM is allocating 50 million euro ($72 million) per year to finance its new energy projects, the company’s director general Vlatko Cingoski said. Elektrani na Makedonija (ELEM) and its German consulting partner, Fichtner, (www.fichtner.de) last month launched preparations for the construction of a 55.5 million euro wind park in southern Macedonia, one of ELEM's latest projects, Cingoski said in an interview for SeeNews.