Photo: iStock
Author: Balkan Green Energy News
The Municipality of Prilep intends to sell bonds to get EUR 5 million for four projects. Three are for city infrastructure and the fourth would be developed to produce renewable electricity with solar panels.
Urban planning chief of the Municipality of Prilep Branko Neškoski said the projects are aimed at developing the city. Additionally, renewable electricity production is a global economic trend, he added. The city administration is planning to set up solar power panels on all elementary and secondary schools.
Drage Zvezdakoski, head of the finance department, said the initial calculations have been completed. In his words, Prilep has the ability to pay off the debt within seven years. In that case, the annual interest would be EUR 240,000 and the principal would be paid back at the expiration of the period.