Wednesday, 17 October 2018 | News today: 4

EBRD interest in wind park investments

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The European Bank for Reconstruction and Development (EBRD) but also the European Investment Bank (EIB) would take part in the funding of a wind park in Miravci and a photovoltaic plant in Oslomej, said Finance Minister Dragan Tevdovski, who took part at the EBRD annual meetings in Jordan.

“We held discussions with many international creditors over projects related to renewable energy sources, because an increasing share of renewable sources is among the government’s priorities. EBRD and EIB have sent positive signals over their involvement in the Miravci wind park and the Oslomej photovoltaic plant. Macedonian Power Plants (ELEM) is already working on the documents,” said Tevdovski.

The FinMin addressed panel “Green Infrastructure”, which highlighted the benefits of investments in renewable energy sources and communal infrastructure.

“The benefits are numerous and refer to economic growth, attraction of private investments, opening of new jobs, and of course environment and health,” said Tevdovski.

In the panel context, he announced another large project – the Skopje filtering station.

“This project would cost about EUR 130 million. EIB, EBRD and KfW have expressed their preparedness to take part in the funding and we expect the tendering procedures for this project to begin in 2019,” added Tevdovski.

At the event sidelines, Minister Tevdovski met with EBRD Vice President Pierre Heilbronn, as well as directors for transport, energy and local services.