South Korean Cos Plan To Team Up with Spain's Invall for Wind Power Projects in Eastern Macedonia – Media

SKOPJE (Macedonia), May 4 (SeeNews) – Power producer Korea South-East Power Co (KOSEP) and South Korean electronics and telecoms equipment manufacturer Samsung are interested in building wind parks in Macedonia's eastern city of Stip in partnership with Spanish engineering firm Invall, Skopje-based media reported.

“The start of the construction works will depend on obtaining the permits and we expect that will happen in two to three months,” TV broadcaster A1 (www.a1.com.mk) on Monday quoted a KOSEP official as saying. The company executive did not elaborate.

Spain’s Invall plans to invest up to 720 million euro ($946 million) in the construction of three wind farms with a combined capacity of 588 megawatts (MW) in eastern Macedonia, local media reported earlier.

A total of 66 wind turbines, with a combined capacity of 198 MW, will be installed in the Stip location at an investment cost of 240 million euro, Vladimir Hadjipetrov from Invall's Macedonian unit said earlier.

Invall, founded in 1965, is an engineering and consultancy company specialising in innovative technological projects.

Korea South-East Power Co is a subsidiary of Korea Electric Power Corporation (KEPCO) that operates and maintains power generation facilities.

($=0.7609 euro)

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