CEDIS to invest EUR 81.6 million in distribution network, tendering expected by end-October
Tendering for the selection of equipment suppliers and contractors for a project worth EUR 81.6 million to revitalize the Montenegrin power distribution network is expected by the end of October, while the start of the works is planned for February next year. The investments will be implemented by the Montenegrin distribution system operator (DSO), Crnogorski elektrodistributivni […]
Bulgaria’s NEK reports net loss in H1, to cancel some projects
Power utility Natsionalna Elektricheska Kompania (NEK) reported a BGN 74 million (EUR 37.8 million) net loss for the first six months of the year, according to the interim financial report published on the website of the Ministry of Finance, the Bulgarian media reported. The company said that due to poor financial results some investments will […]
Nord Pool, EPEX SPOT interested in strategic partnership with Montenegrin power exchange
Nord Pool and EPEX SPOT are interested in getting stakes in the Montenegrin Power Exchange (MEPX), which is starting preparations for a tendering procedure to select a strategic partner, with plans to launch operations in the third quarter of 2019, the Montenegrin government has said on its website. A document on regional energy market integration […]
Litostroj, ABB to modernize HPP Piva
Power utility Elektroprivreda Crne Gore (EPCG) and a consortium of Slovenia’s Litostroj and Italy’s ABB JV have signed a contract on a EUR 10.3 million reconstruction and modernization of the Piva hydropower plant (HPP), the Montenegrin company said. The contract, which will be financed by German development bank KfW with EUR 8.5 million and from […]
Slovenia’s Riko to build EUR 10 million solar power plant in Ukraine
Slovenian engineering company Riko will build a 10.6 MW solar power plant near Zhytomyr in northern Ukraine, local media reported. The company won a tender for the EUR 10 million project. The contract on the construction of the solar power plant was signed by Zhytomyr Mayor Serhiy Sukhomlin and Riko CEO Janez Škrabec. The Slovenian […]
Albania’s KESH invites bids for dam alarm system, revitalization
Albania’s power utility KESH has invited bids for the construction of the dam alarm system on the Drin River Cascade and for the revitalization of the Gjocaj dam of the Vau i Dejes hydropower plant (HPP). The overhaul of the Gjocaj dam and installation of the alarm system will be financed with funds secured by […]
Germany’s WPD eyes EUR 100 million wind farm investment, government announces tendering
Vjetroelektrana Budva has submitted a request for opening a tendering procedure for the construction of a wind farm at the Brajići locality in the Budva and Bar municipalities, the Montenegrin government has announced, adding that it authorized the line ministries to prepare tendering documents and issue a public invitation of bids. According to a document […]
China’s Norinco gets green light for 156 MW wind farm near Senj
China’s construction company Norinco International Cooperation has obtained a building permit for the construction of a 156 MW wind farm near the City of Senj in Croatia, local media reported. Senj Mayor Sanjin Rukavina announced that Norinco obtained the building permit at a recent session of the city council. He said that another session of […]