Serbia's EPS gets first equipment delivery for Kostolac wind farm

The remaining equipment is scheduled to arrive over the coming months, with all deliveries expected to be completed by the start of October. Installation work will start progressively, EPS said in a statement on Tuesday.

The goal is to build the Kostolac farm, which will be the first wind farm in EPS' portfolio, by the end of 2024 and to connect it to the grid in early 2025, the statement read.

The project will comprise 20 Siemens-Gamesa wind turbines of 3.3 MW each.

The project is estimated at 144 million euro ($155 million), with EPS financing 32.2 million euro of total from own funds, the European Union providing a 30 million euro grant, and German development bank KfW extending an 80 million euro loan and a 1.8 million euro grant to support it.

The Kostolac wind farm is expected to generate enough electricity to meet the needs of 30,000 households, EPS noted in the statement.

The facilities will spread on the Drmno, Petka, Cirikovac and Klenovnik locations at the mined-out areas and landfills of EPS' Kostolac thermal power plant and coal basin complex in north-eastern Serbia. EPS is also in the process of building the 10 MW Petka solar park adjacent to the wind farm.

($ = 0.926 euro)