Guris Insaat to build Belarus’ largest wind power farm

Dünya Executive - - OVERVIEW -

Guris Inşaat ve Muhendisli­k A.S., a Turksih constructi­on and engineerin­g company, has purchased a license to build and operate seven wind turbines at a site close to the village of Veleshkovi­chi in Liozno District of Belarus. Total installed capacity of the project will be 25MW with a 72GW annual output.

The land parcel was sold to the Turkish company through an auction held on July 11 at the Belarusian Universal Commodity Exchange (BUCE) for Br155,400 ($76,401), according to Kerim Ulker of daily DUNYA, based on local media reports. Guris Insaat was the only bidder, and auction organizers sold the parcel at the initial price plus five percent, said BUCE spokesman Roman Yaniv.

The wind farm will become Belarus’ largest wind power facility with at least $50 million invested. The project will be implemente­d on preferenti­al terms - the electricit­y generated by the wind farm will reportedly be purchased by Vitsebsken­ergo with a multiplyin­g factor to the current tariffs.

Until December 31, 2028, the preferenti­al tariff will stand at 14.4 cents/kWh; until December 31, 2038, 10.2 cents/ kWh; and after that, 5.4 cents/kWh. Payments will be made in Belarusian rubles in the exchange rate equivalent.

The auction has been the final stage of the internatio­nal technical assistance project “Removing Barriers to Wind Power Developmen­t in Belarus” implemente­d by the Global Environmen­t Facility (GEF) and United Nations Developmen­t Programme (UNDP), jointly with Belarus’ Ministry for Environmen­t Protection.

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