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.