Montenegro seeks bids for Gvozd wind farm electrical works

Specifically, Green Gvozd is procuring internal medium voltage network works, including works on overhead lines, cables and fiber optic grid, the EBRD said in a statement on Wednesday.

The deadline for submitting bids expires on July 12.

The EBRD has said it will fully finance the Gvozd wind project by providing an 82 million euro ($89 million) loan to Green Gvozd.

Earlier this month, EPCG's executive director, Ivan Bulatovic, said the project involves the construction of the 55 MW Gvozd 1 wind farm with an annual output capacity of 150 GWh. There is a possibility of building Gvozd 2 that will add an additional 22-25 GW, Bulatovic has said.

In a separate announcement earlier this month, energy minister Sasa Mujovic said the Gvozd wind park is likely to be completed by the end of 2025.

Last year, the EBRD said it was lending EPCG 82 million euro to help it finance the acquisition, construction and operation of its first wind farm that will be built near the village of Gvozd in the western municipality of Niksic.

Green Gvozd is a special-purpose vehicle (SPV) that EPCG had acquired from Austria's Ivicom Holding.

($ = 0.921 euro)