The Zdravetz project, scheduled for completion in the second half of the year, is being installed on an old coal mine by Premier Partners and its European EPC partner, Plaan Czech. A total of four photovoltaic systems will be installed, ranging in size from three to five MW. Under a feed-in tariff, the solar electricity generated will receive around $0.30 for the next 20 years.
The two parties entered into an agreement last September to execute the project. Originally, it was expected to be completed by the end of 2011. At the time, a spokesperson for Premier Power told pv magazine that for an install like this, the cost of construction would range from between 30 million to 40 million for the four plants. An unnamed, Czech-based private investment company, has provided the necessary funding.
The companies could not be immediately reached for further comment.