Serbia’s MK Fintel Wind gets building permit for 117 MW project

BELGRADE (Serbia), October 3 (SeeNews) – Italy's Fintel Energia Group said on Thursday its co-owned subsidiary MK Fintel Wind has been issued by the government of Serbia's Vojvodina province a building permit for the 117 megawatt Kosava wind farm project.

The wind park project, to be developed near the town of Vrsac, would require capital expenses of around 200 million euro ($272 million) and to raise the necessary funding, a series of non-binding preliminary agreements have been signed with the European Bank for Reconstruction and Development, UniCredit Bank and Erste Bank, Fintel Energia Group said in a statement.

MK Fintel Wind is a 46/54 joint venture between Serbia’s MK Group and Fintel Energia Group. It was set up in 2008 to invest in green energy projects in Serbia and the region.

($=0.7027 euro)

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