Electricity

EPCG, Končar DST sign EUR 2.3 million contract for HPP Perućica

EPCG-Koncar-DST-sign-EUR-2.2-million-contract-for-HPP-Perucica

Slika: HE Perućica (EPCG)

Published

January 30, 2020

Country

Comments

comments icon

0

Share

Published:

January 30, 2020

Country:

Comments:

comments icon

0

Share

Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) has awarded a EUR 2.25 million contract for the equipment for Perućica hydropower plant (HPP) to a consortium established by Končar DST and Electro Team. The firms will deliver five transformers as well as spare parts and special tools.

The contract was signed by Igor Noveljić, CEO of EPCG, and consortium representative Ivan Klapan, who is also the CEO of Končar DST.

Dragan Čizmović, director of HPP Perućica, said that the capital reconstruction of all seven generators is underway. The fourth, fifth and seventh generators have been overhauled over the past two years.

Three bids have been submitted for the contract

He said that three offers were received for the delivery of the equipment. The consortium’s one was the best, Čizmović added.

The contract is scheduled to be implemented by 2022. Two transformers are to be delivered and installed this year, two more next year and one in 2022.

Existing transformers at the Perućica HPP are produced by Končar. They have been operating for 60 years without any problems, EPCG said in a press release.

HPP Perućica has been using Končar transformers for 60 years

Klapan said the fact that employees of Končar did something 60 years ago contributed to the company’s decision to submit a bid, so that the current generation of employees could continue the work initiated then.

Negotiations on a loan for the eighth unit to start this year

Noveljić said a EUR 60 million investment is planned in HPP Perućica.

Last year, EPCG signed a EUR 33 million loan arrangement with Germany’s KfW Development Bank for phase 2 of the overhaul and modernization of the hydroelectric system.

Negotiations with the lender on a new loan arrangement, worth EUR 23 million, are expected this year, the company head asserted, adding that the funds would be used to install the eighth unit in the power plant.

He noted investments in Perućica are part of a five-year EPCG plan worth EUR 170 million.

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

Spajic Japanese Itochu Montenegro waste energy

Spajić: Japanese company Itochu eyes Montenegro’s waste-to-energy project

09 January 2026 - Prime Minister of Montenegro Milojko Spajić said a 50 MW incinerator is about to be built for municipal waste

ContourGlobal 500 MWh standalone BESS facility in Bulgaria

ContourGlobal installs 500 MWh standalone BESS facility in Bulgaria

09 January 2026 - ContourGlobal inaugurated a standalone battery energy storage system of 202 MW. It is participating in Bulgaria’s day-ahead and intraday electricity markets.

slovenia subsidies economy companies electricity

Slovenia to aid energy-intensive companies with EUR 30 million per year

09 January 2026 - Minister of the Environment, Climate and Energy Bojan Kumer said the bill addresses the serious challenges facing this segment of Slovenia's economy

Serbia developing legal framework CO2 storage

Serbia developing legal framework for CO2 storage

08 January 2026 - Serbia's draft law on hydrocarbon exploration and exploitation will include permanent disposal of CO2 in geological formations of depleted deposits