Renewables

Consultant selected to help award EUR 200 million HPP Dabar project

Photo: Hidroelektrana Dabar

Published

November 23, 2018

Comments

0

Share

Published:

November 23, 2018

Comments:

0

Share

Hidroelektrana Dabar has selected a consortium led by AF-Consult Switzerland Ltd. in tendering to provide 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 the website of Hidroelektrana Dabar, which operates as part of Hidroelektrane na Trebišnjici (HET), a subsidiary of power utility Elektroprivreda Republike Srpske (ERS).

The consortium is led by Baden-based AF-Consult Switzerland and includes auditor Deloitte d.o.o. in Belgrade, Serbia and law firm Moravčević, Vojnović i Partneri AOD, also based in Belgrade.

The consultant will be paid BAM 1,897,155.10 (around EUR 972,585), not including VAT, according to the documentation available on Hidroelektrana Dabar’s website.

19 expressions of interest

The turnkey project, which would be governed by the public-private partnership (PPP) law, has attracted 19 expressions of interest (EOI), Hidroelektrana Dabar acting General Manager Željko Zubac said earlier, 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.

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

Egypt add 1 1 GW solar wind power cheapest rates Africa

Egypt to add 1.1 GW in solar, wind power with cheapest rates in Africa

02 December 2022 - Two giant solar and wind power plants in Egypt will supply electricity at the lowest rates in Africa, IFC said

Electricity prices to be increased in Republic of Srpska from New Year

Increase of electricity prices in the Republic of Srpska as of January 2023

02 December 2022 - A large part of electricity consumers in the Republic of Srpska will be getting higher bills after the New Year

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid