April 3 (SeeNews) - Montenegro has awarded a 30-year lease to a local consortium for the development of the Sinjajevina wind power project on 2 million square metres of land in the northern municipality of Savnik, local media reported.
The spatial planning ministry has signed the contract with a consortium of Podgorica-based energy firm N1 and local engineering companies Sistem-MNE and Permonte, daily Vijesti reported over the weekend, citing ministry officials.
In mid-February, the ministry opened a tender for the concession. The consortium submitted the sole bid by the March 1 deadline, the report said.
The minimum annual land lease fee in the tender was set at 569,500 euro ($612,200). The investor will be required to install wind turbines of 6.6 MW each at the location, the ministry had said in the tender notice, without disclosing their overall planned number.
According to an earlier information from the Montenegrin government, N1 submitted a request in February 2023, asking to take the land plot in Savnik under for a long-term lease for the development of the 290 MW Sinjajevina - Part 2 wind park project.
According to data of Montenegro's commercial registry, Sistem-MNE owns 50% of N1. Sistem-MNE is 100%-owned by its founder executive director Ljubisa Boskovic. Permonte is fully-owned by its founder Branka Vujadinovic.
($ = 0.930 euro)