MK Fintel Wind began with construction of the third wind farm in Serbia and will invest 124 million euros in the first phase

Izbište, 14 June, 2017.- The construction of Košava - the third wind farm has begun today thanks to the company MK Fintel Wind. At the same time,it represents the largest investment in the field of renewable energy in Serbia until now. Apart from the first two wind farms Kula, near Kula and the wind farm La Piccolina near Vršac, opened by MK Fintel Wind, the first phase of the construction of the third wind farm will include a plant of 20 wind turbines that will produce electricity for 40 thousand households. MK Fintel Wind will invest 124 million euros in the construction of these 20 wind turbines, and it will be completed by the end of 2018. Aleksandar Antić,Minister of Mining and Energy, Tiziano Giovannetti, Executive Director of Fintel Energia Spa and MK Fintel Wind, investors and numerous officialshave attended the ceremonial opening of construction workson the wind farmKošava.

"After opening of the first two wind farms in Serbia, we are even more committed to future investments in renewable energy resources in Serbia. Along with the expertise and the experience of local firms and domestic workers we have engaged, I also expect that we will carry out the work within scheduledperiod. After the construction of the first 20 turbines, we are planning the second phase when we will build additional 19 turbines, worth over 100 million EUR"said Tiziano Giovannetti, Executive Director of Fintel Energia Spa and MK Fintel Wind.

The Minister of Mining and Energy Aleksandar Antić emphasized the importance of starting the construction of the third wind farm in Serbia for the domestic energy system: "I am deeply convinced that this project will be completed during the next year. It is true that MK Fintel Wind had pioneering steps in the development of wind energy and this is extremely important for the entire concept of the development of renewable energy production. In the previous period, we have made very important steps to ensure the conditions for developing such projects. Over the past few years, more than 80MW were produced from renewable energy sources mainlyby mini hydropower plants, but also by the first two wind farms, solar power plants, biomass plants. We have produced more than 500MW from renewable energy sources, 483MW from wind energy and among them is the project which is the biggest project to enterthe phase of construction works" said Aleksandar Antić.

 

AIK Bank has financially supported the implementation of the project Košava and on the occasion of the ceremonial marking of the start of construction works of this plant, Jelena Galić, the President of the Executive Board of AIK Bank has expressed her satisfaction with having the opportunity to address all the participants on behalf of AIK Bank, which enabled the construction of the third wind farm Košavaby actively supporting MK Fintel Wind in developing the new wind farms throughout our country. Košava will be a production facility of a great significance and will contribute to the development of the Serbian electric power system as well as increase the production of electricity from renewable sources. By financing such projects, AIK Bank continues the tradition of supporting the development of the real sector of the economy aimed at strengthening competitiveness, ensuring sustainable development and increasing exports"said Jelena Galić.

 

The first twenty wind turbines operating within the wind farm Košava will have the power of 69 mw. After the first phase of the construction of the wind farm Košava, we are planning the second phase of construction with 19 wind generators. The investment is worth more than 100 million euros. In addition to increase of the total energy capacity in Banat, Vojvodina and the Danube region, the company MK Fintel Wind plans to invest in wind energyboth in Serbia and in the region.