Montenegro seeks bids for Gvozd wind farm works

Specifically, Green Gvozd is procuring civil balance of plant works, including civil works for foundations, crane pads, temporary storage areas, and the construction of internal roads, the EBRD said in a statement earlier this week.

The deadline for submitting bids expires on July 5, the statement read.

The EBRD also 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 production of 150 GWh.

In a separate announcement earlier in May, 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.

($ = 0.923 euro)