Fortum, EPCG place best bid in 200 MW solar plant tender in Montenegro

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The commission handling tendering for the Briska Gora solar project selected the Fortum-EPCG consortium as the top bidder. The IREDL consortium is second-ranked, while the Montesolar consortium’s bid was not cleared.

The Fortum-EPCG consortium submitted the best offer according to the tendering criteria, including in terms of the proposed number of jobs to be created, the lease fee, technical capability, constructed solar power plants with an installed capacity of more than 100 MW, the financial capability, and participation of domestic companies, the ministry said in a press release.

The Fortum-EPCG consortium offered to pay a lease fee of EUR 0.33 per square meter annually and create 226 jobs over the entire lease period. The planned investment is EUR 178 million, and the participation of domestic companies is worth EUR 20 million.

The government of Montenegro invited bids to lease land for the construction of the solar power plant in May. A total of 11 companies bought tendering documentation, while only 3 submitted bids.

List of the country updates

Country updates

  • June 08, 2018

    Krnovo produced 11,589 MWh of electricity in April, down 34% on the previous month

  • May 21, 2018

    Elektroprivreda Crne Gore has signed a Memorandum of Understanding (MoU) with Ivicom for the construction of the project, which will be financed through loans which will mostly be provided by international financial institutions

  • May 14, 2018

    Montenegro's electricity market operator COTEE has released data that shows that the wind farm had the largest contribution to the country's renewable energy output produced under incentive schemes - 30,053 MWh in March, rising from 12,943 MWh in the like period of 2017

  • April 17, 2018

    Enemalta has installed the first of the 23 wind turbines

  • February 02, 2018

    EPCG has signed a 1.6 million euro contract for the design of the power plant

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