North Macedonian state-owned power utility ESM signed two contracts related to the project for the expansion of the Bogdanci wind farm with a consortium of German Fichtner and local company Geing.
The first contract relates to consulting services for updating environmental impact assessment including geological and geotechnical testing. The second contract is for consulting services for the design, the preparation of tendering documentation, and the supervision of works. The value of both contracts is around 1.1 million euros.
In late 2018, ESM and KfW have signed a loan agreement on the financing of the expansion of Bogdanci wind farm. The project envisages the investment of additional 21 million euros in erecting additional wind turbines. The loan signed with KfW will provide 18 million euros, while the remaining 3 million euros will be provided by ESM from its own resources. The maturity of the loan is 12 years, with a 3 years grace period and interest rate of 1.15 %.
The expansion of the Bogdanci wind farm envisages the construction of 4 additional wind turbines with combined capacity of 13 MW. Currently, the plant’s installed capacity amounts to 36.8 MW and it will be raised to 50 MW.
