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    EPCG Secures Funding For Construction Of 54.6MW Gvozd Wind Farm In Montenegro


    October 5, 2022 - Fitch Solutions Sector Intelligence

     

      • Infrastructure
      • Montenegro
      • Company Brief
      • Fitch Solutions

      EPCG Secures Funding For Construction Of 54.6MW Gvozd Wind Farm In Montenegro

      • 5 Oct 2022
      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      News: Elektroprivreda Crne Gore (EPCG) plans to sign an agreement with the European Bank for Reconstruction and Development to secure a EUR82.0mn (USD81.46mn) loan for the construction of the 54.6MW Gvozd wind farm in Montenegro. The deal is due to be signed in December 2022. Crnogorski Elektroprenosni Sistem has already granted approval to connect the wind farm with the power network. Ivicom was engaged in project preparation and engineering of the power plant. The wind farm is due to be operational in 2024 (Balkan Green Energy News).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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