Macedonian energy utility ELEM, Siemens sign EUR 41.1mn wind turbine deal.

By bne IntelliNews August 20, 2012
Macedonian state-owned power generation company ELEM said it has signed a contract with a consortium comprising Siemens Wind (Denmark) and Siemens AS (Greece) for the supply of 16 wind turbines. The contract is worth EUR 41.1mn, ELEM said in a statement, adding that it completes the international tender procedure for building Macedonias first wind farm, Bogdanci. Each of the turbines has a capacity of 2.3 MW. Besides the equipments delivery, the deal also envisages the installation, commissioning and maintenance of the turbines over a 10-year period. All turbines must be commissioned within 13 months and the wind farm is expected to start electricity generation in the second half of 2013. ELEM also reminds that in January it signed a contract with a consortium comprising Greek company Terna and Siemens for building road infrastructure and installing a 20/110 kV transformer station and a power transmission line that will connect the wind farm with the country's transmission grid. The works have already started. The total value of the wind farm project is estimated at EUR 55.5mn. This amount is secured via a EUR 32.9mn loan from German development bank KfW, while ELEM will provide the remaining EUR 22.6mn from own funds.

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss