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

North Macedonia MEMO AIB guarantees of origin

North Macedonia’s MEMO makes first step towards membership in AIB

12 September 2024 - AIB brings together European institutions responsible for GOs such as transmission system operators, regulators and market operators

HPP perucica kfw loan epcg a8

Montenegro’s EPCG secures loan for new unit in HPP Perućica

11 September 2024 - Elektroprivreda Crne Gore has obtained a loan to install the A8 unit at its Perućica hydropower plant. The repayment period is 15 years.

Nuclear energy sector expanding supply data centers high-tech industries

Nuclear energy sector expanding to supply data centers, high-tech industries

10 September 2024 - Nuclear technologies will have a broader role than traditional grid electricity supply, the World Nuclear Association's Director General Sama Bilbao y León said

Engie Romania country first hybrid power plants

Engie Romania completes one of country’s first hybrid power plants

10 September 2024 - Engie Romania added a hybrid power plant to the transmission grid. The 56.8 MW facility consists of wind turbines and a solar power unit.