Montenegro to investigate Mozura wind project deal
The Government of Montenegro is set to launch an investigation for suspected corruption and diversion of funds in the development of a 46 MW Mozura wind farm project owned by Enemalta, a state-owned company.
The National Council for the Fight Against High-Level Corruption has regarded the investigation as a priority of importance.
Enemalta acquires shares from a Seychelles-based company Cifidex in 2015 after investing in a Montenegrin wind farm. In an investigative report of Reuters and the Times of Malta, a murder suspect named Yorgen Fenech has profited from the wind farm deal through its company, 17 Black, business relationship with Cifidex. The transaction was closed at an overpaid premium than what Cifidex has paid to acquire the project.
The wind farm in the municipality of Ulcinj has been operation since November 2019.
Country updates
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December 22, 2020
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January 31, 2020
Montenegro awards power production license for Mozura wind farm operator
The energy regulatory agency of Montenegro has awarded a 10-year energy production license for the operator of the 46 MW Mozura wind project, Mozura Wind Park Podgorica. The regulator...
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December 11, 2019
wpd to launch construction of 70 MW onshore wind project in Brajici in mid-2020
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