EBRD considers 17.5 mln euro loan for 32.4 MW wind farm project in Kosovo

Image by: PRNewsfoto/General Mills.

PRISTINA (Kosovo), May 16 (SeeNews) – The European Bank for Reconstruction and Development said it is considering a 17.5 million euro ($19.6 million) loan to finance the construction of a 32.4 MW wind farm in Kosovo’s Kamenica municipality, the first wind farm in the country.

The project's total cost is 73 million euro, the EBRD said in a press release late on Wednesday.

It will be implemented by Air Energy sh.p.k., a special purpose vehicle established for the purpose of the project and fully-owned by Guris Insaat ve Muhendislik A.S, a company which is part of the Turkish engineering and construction conglomerate Guris Group, the statement added.

The project has passed concept review and has a target board date of July 19.

($ = 0.8925 euro)

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