A tender bid for an executor company of the 50 megawatt Sainshand Wind Farm has moved into its final stage, says the project unit.

For the final stage of the bidding for the Sainshand Wind Farm, General Electric (U.S.), Siemens (Germany), and Vestas (Denmark) consortiums have been selected.

Any of these consortiums will be able to provide widely used turbines  to the wind farms.

The results of the open bidding will be announced in early October.

The project unit plans to launch the final construction and installation of Sainshand Wind Farm in 2015 and make it operational by 2016.

Thirty percent of 120 million MNT required to fund Sainshand Wind Farm will come from stockholder investment and the other 70 percent will come from loans from banks and financial institutions.

One of the main investors in Sainshand Wind Farm, Ferrostaal, has provided the required investment.

In the scope of the project's implementation, studies have been arranged, but more detailed and comprehensive studies will also be conducted in the future.

The project unit belives that construction and installation of the wind farm will be seasonal, but the project can be implemented quickly due to resolved infrastructure issues, and geographically favorable conditions.