Elektroprivreda (EPCG) will borrow from a consortium of several foreign banks with a representative office in Montenegro or from the Investment and Development Fund to finance the 70 million Solari 5000+ project.
This was officially announced by News from EPCG, stating that by February 13, when the call ended, these two valid offers had arrived. The energy company said that the negotiation process regarding the choice of creditors is still ongoing, and that they cannot provide details from the offers. Banks that participated fully or partially with a minimum bid of 10 million could apply for the call.
The subject of the contract should have included the grant, conditions and deadline for loan repayment, interest rate and grace period. The Invitation stated that authorized persons from EPCG will make a decision on the selection of the most favorable offer on the proposal of the Commission for the implementation of the procedure within 30 days of the negotiations. In addition to this call, the deadline for the competition intended for citizens and businesses for the installation of photovoltaic systems has also expired.
As reported to EPCG News, 5,286 consumers applied, and future users will be provided with a subsidy of 20% of the contracted value of the investment.
– The total approved power from the billing system is 4,242.62 kilowatts (kW), and the total planned annual production is 212,614,320 kW – EPCG explained.
The project envisages that the user pays off the photovoltaic system in equal monthly amounts equal to their average monthly electricity bill, with the maximum investment repayment period being 10 years. More than 14,500 citizens applied for the still current Solari 3000+ project, and all those who did not become users within that project automatically applied for the new one and have the right of priority for installation.
In order to acquire this right, the registered facilities must undergo a detailed techno-economic analysis, i.e. they must be built in accordance with the legal regulations in the field of spatial planning and building construction and with an approved connection power that must be equal to or greater than the power of the planned photovoltaic system install.
In addition, it is necessary that the buildings have a three-phase connection to the distribution network and roof surfaces that have good solar potential. Buildings should have one or more south-facing roof surfaces or flat roof surfaces that are not shaded by neighboring buildings (buildings, trees…). All users must also be regular payers. In addition to households and businesses, the Solari 5000+ project plans to install the system in buildings up to four floors – for apartment owners, but this will depend on technical capabilities.
– We received applications for residential buildings, for 203 of them, while the number of approved residential units is 1,654, out of a total of 1,822 units – EPCG stated.
Over 5,000 panels installed so far
As for the 3000+ project, EPCG states that so far 3,495 panels have been installed from the household category, and their total approved power is 50,097 kW, while the total planned production is 21,795,934 kW, which is 21.79 gigawatts (gW).
At the economy, 1,791 solar panels were installed, with a power of 94,145 kW and a total annual production of 190,818,386 kW (190.81 GW). In addition, contracts were signed with another 1,670 users for the installation of 17,272 kW. According to the Energy Balance for this year, electricity production from all sources will be 3,598 GWh, of which 41 GWh from solar power plants.
According to the structure, 51.2% of electricity would be produced by hydropower plants, 38.55% by thermal power plants, 9.11% by wind power plants and 1.14% by solar power plants.