A planned 150 megawatt (MW) wind farm scheduled to come online in 2010 will be the first ever to service the Autonomous Republic and Russian Federation.
The deal was signed by Czech Export Bank, CHKDNOV Energo, the government of
Kalmykia, and Falcon Capital, a Czech corporation and the principal investor in the project. The total capacity of the initial wind farm is 150 MW with an estimated cost of $320 million.
According to the agreement, Falcon will install the first 50 MW generational capacity by December 2008, and will install an additional 100 MW generational capacity by the end of 2010.
Report prepared by RenewableEnergyAccess.com
