Czech company Falcon Capital plan to build three wind farms in the republic of Kalmykia at a total cost of over €150 million, Kalmykia Economics Minister Vladimir Sengleev told journalists in Elista.

He said that Kalmykia President Kirsan Ilyumzhinov and Falcon Capital CEO Jozef Cimbora signed an agreement of intent in Prague last Friday to implement an investment project to produce electricity in Kalmykia at wind plants with a total capacity of 150 megawatts.

The project involves the construction of three wind farms, each of which will have a total area of about 4.5 square kilometers, with over 40 wind turbines, each with a capacity of 1.2 megawatts, the minister said. “The cost of each wind unit is about €1.3 million,” Sengleev said.

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