About Turnkey photovoltaic ESS EPC contract price in Serbia
The price amounts to 25,000 euros per MW of power. For one or more power plants whose total power is greater than or equal to one megawatt, a license for performing energy activities is required. This license is issued for a period of 10 years.
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6 FAQs about [Turnkey photovoltaic ESS EPC contract price in Serbia]
How much electricity can a solar power plant produce in Serbia?
“The solar power plants will be able to produce an average of 1.6 TWh to 1.7 TWh, which is equal to Serbia’s imports, at a time when electricity is quite expensive and highly sought-after in the region,” he said.
What happens after EPs signing a power plant contract?
The signing will be followed by talks on financing terms. Once the construction is completed, the plants will be handed over to state power utility Elektroprivreda Srbije (EPS).
What is an EPC contract?
An EPC Contract delivers these requirements in a single integrated package, which is one of the major reasons why EPC Contracts are the most common form of construction contract used in project-financed utility-scale solar projects. The key clauses in any construction contract are those that impact on time, cost and quality.
What happens if the EPC contract is uncertain?
Any uncertainty in the EPC Contract may unfortunately see the Contractor liaising directly with these third parties and possibly risking the relationship of the Project Company with key influencers, customers and long-term neighbours.
What are the disadvantages of an EPC contract?
Another major disadvantage of an EPC Contract becomes evident when problems occur during construction. In return for a guaranteed price and a guaranteed completion date, the Project Company cedes most of the day-to-day control over the construction.
What is a bankable EPC contract?
A bankable EPC Contract is a contract with a risk allocation between the Contractor and the Project Company to the satisfaction of Lenders and their credit committees.
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