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2013-07-23 00:00:00
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Germany will provide support in the amount of EUR 35 million for two energy projects of (FYR) Macedonian Power Plants (ELEM). EUR 15 million will be used for completion of the Wind Farm Bogdanci, whereas the remaining EUR 20 million for revitalization project of Spilje 2 hydro plant.
Vice Premier and Finance Minister Zoran Stavreski and German Ambassador to (FYR) Macedonia Gudrun Steinacker signed Thursday an agreement between the Governments of (FYR) Macedonia and Germany over financial cooperation in "Programme Energy Efficiency and Renewable Energies Stage III", as well as the loan agreement between Germany's KfW bank and ELEM.
"Today's signing of the agreement secures funds required for realization of significant projects in the sector of renewable energy sources, thus getting closer to the objective of 20-percent electricity production from such sources by 2020", said Minister Stavreski after the signing.
Source of Article:www.balkans.com
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