EPCG approves EUR 9 million investments in HPPs

The Board of Directors of power utility Elektroprivreda Crne Gore (EPCG) approved the overhaul of unit 2 of hydroelectric power plant (HPP) Piva and the revitalization of the HPP Perućica.

These two projects are worth a total of EUR 9 million while the entire investments in the two HPPs are expected to reach EUR 40 million in the next five years.

The overhaul of unit 2 of HPP Piva, worth EUR 2.7 million, has been envisaged for this year and the year of 2019. The overhaul is to extend the unit’s lifespan and to reach its projected performance values.

The Board of Directors’ approval of the amendment to the Public Procurement Plan has created the precondition for the start of the overhaul of six units of HPP Perućica, worth EUR 3.56 million, as well as for the launch of tendering process to purchase power transformer, worth EUR 2.75 million.

“With these investments, EPCG will intensify activities included in the five-year investment plan. The projects total value is EUR 170 million”, EPCG said in a statement.