Renewables

UPDATE: Consultancy sought to help award EUR 200 million HPP Dabar project

Photo: ERS

Published

August 22, 2018

Comments

comments icon

0

Share

Published:

August 22, 2018

Comments:

comments icon

0

Share

Hidroelektrana Dabar has launched an international tendering procedure to select a consultancy to provide it with legal, financial, and technical advisory services in the process of awarding a turnkey/engineering, procurement, and construction (EPC) contract for a 160 MW Dabar hydropower plant (HPP Dabar), according to acting general manager Željko Zubac.

Hidroelektrana Dabar, part of hydropower plant operator Hidroelektrane na Trebišnjici (HET), will launch a tendering procedure for the project to complete works on HPP Dabar in early September, Zubac told TrebinjeLive.info.

The consultancy deal is valued at an estimated BAM 2 million (about EUR 1 million) not including VAT or BAM 2.3 million (some EUR 1.17 million) including VAT, Capital has learned. The bid submission deadline is set at October 4.

Zubac recalled that the turnkey project, which would be governed by the public-private partnership (PPP) law, has attracted 19 expressions of interest (EOI), noting that the companies that submitted the EOIs include those from China, the U.S., Spain, Turkey, France, Italy, and the Czech Republic.

The estimated value of the project to build and finance HPP Dabar’s remaining facilities is around EUR 200 million, according to the text of the invitation of EOIs, posted earlier by HET, a subsidiary of Elektroprivreda Republike Srpske (ERS), the power utility of Republika Srpska, the Serb entity of Bosnia and Herzegovina.

Under the preferred financial model, Hidroelektrana Dabar’s future project partner would secure a loan to cover at least 85% of the project cost against a guarantee from the Republika Srpska government. The loan would be repaid in cash or electricity over 15 years, following a 4-year grace period. The interest rate would be at around 3%, according to the text of the invitation.

Hidroelektrana Dabar, which would cover the rest of the project cost from own sources, would own 100% of the 160 MW hydropower plant on the Trebišnjica river. The company has already completed preparatory works for the project, which has so far soaked about BAM 80 million (some EUR 41 million) in investment.

The 160 MW plant, part of a wider Gornji Horizonti hydropower project, would boost HET’s power production by about 50%.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Montenegro NECP public consultation sole coal plant shutdown 2041

Montenegro publishes NECP for public consultation – sole coal plant planned for shutdown in 2041

30 June 2025 - The retirement of the Pljevlja coal plant is planned for 2041, but it depends on a just transition and supply security, the draft NECP reads

LONGi ignites Romania energy transition 54 1 MW BC

LONGi ignites Romania’s energy transition with 54.1 MW BC technology triumph

30 June 2025 - A PV plant in Romania's northwest is on schedule for a grid connection in the fourth quarter. It features LONGi Solar's BC modules.

Fortis Energy Albania 62 MW solar power

Fortis Energy gets green light in Albania for 62 MW solar power project

27 June 2025 - Fortis Energy received approval from the Albanian government for the construction of a 62 MW solar power plant in the country's southeast

Hidroelectrica construction pilot floating photovoltaic plant

Hidroelectrica to begin construction of its pilot floating photovoltaic plant

27 June 2025 - Romanian state-owned hydropower plant operator Hidroelectrica picked the contractor for a 10 MW floating solar power plant, its first