Krnovo Green Energy, the company owned by the Krnovo windmill, has been paid EUR 3.59 million in the first quarter based on incentives for the power supplies from renewable sources, as reported by the Montenegrin Energy Market Operator (COTEE).
The wind power plant at Krnovo is the first windmill in Montenegro with a total installed power of 72 megawatts (MW) and an annual output of about 220-gigawatt hours (GWh), which is estimated to provide the power supply for approximately 50,000 households, according to an earlier estimate.
Works at Krnovo were completed at the end of 2017, and the construction was financed by loans from the European Bank for Reconstruction and Development, the German Development Bank (KfW), IPEXBank and the French Development Finance Institution Proparko.
COTEE said to the Mina-business agency that the owners of small hydropower plants (mHE) were paid over 604,000 euros in the first quarter of this year, according to compensations for the renewable energy sources. The company “Hidroenergija Montenegro” received 287.53 thousand euros in the first quarter. In its property, in the territory of the Berane municipality, are mHE Bistrica, Jezerstica, Orah, Rmus, Spaljevici and Sekular. Kronor received EUR 121,660 for mHE Jara and Babino polje. It is followed by Igma Energy, which from plants in Andrijevica, Bradavec and Pisevska river, earned 63,250 euros and the company Sinergy from Podgorica was paid 41,510 euros based on the work of mHE Vrelo in Bijelo Polje. Hydro Bistrica company, which owns a small hydroelectric power plant in Bijelo Polje, has been paid 58,230 euros. The Nord Energy company from Andrijevica, which owns a mini-plant Seremet potok, earned 31,920 euros in the first quarter.
Text by MINA Business, on April 30th, 2019, read more at Vijesti
