Construction contract in Latvia (solar panel power plant in Vārme parish)
April 19 2024 - 1:00AM
UK Regulatory
Construction contract in Latvia (solar panel power plant in Vārme
parish)
On 18 April 2024, PS MB.MEE, part of AS Merko
Ehitus group, and SIA SP Venta, which sole shareholder and
financier of the project development is UAB Ignitis renewables,
entered into a contract to for the construction of solar panel
power plant located in Vārme parish, Kuldīga district, Latvia.
The works include installation of solar panels with total capacity
of 93.5 MW DC, 18 medium-voltage power stations, 232 combiner
boxes, irradiance sensors, weather stations, construction of access
roads, drainage systems, construction and connection of medium
voltage cables, testing and commissioning of the solar power
plant.
The value of the contract is approximately EUR
20 million, plus value added tax. Construction works are scheduled
to be completed in August 2025.
PS MB.MEE is a
joint venture established by SIA Merko Būve as a managing partner
and AS Merko Ehitus Eesti, both fully owned subsidiaries of AS
Merko Ehitus group.
Additional information: Board Member of SIA
Merko Būve, Mr. Roberts Rēboks, e-mail:
Roberts.Reboks@merkobuve.lv.
Urmas Somelar
Head of Finance
AS Merko Ehitus
+372 650 1250
urmas.somelar@merko.ee
AS Merko Ehitus
(group.merko.ee) group companies develop real
estate and construct buildings and infrastructure. We create a
better living environment and build the future. We operate in
Estonia, Latvia, Lithuania and Norway. As at the end of
2023, the group employed 635 people, and the group’s revenue for
2023 was EUR 466 million.
Merko Ehitus As (LSE:0JKW)
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