Greek consortium must accept conditions for Čebren project in North Macedonia to get contract

Greek consortium accept conditions Cebren North Macedonia contract

Photo: Government of North Macedonia


November 7, 2023






November 7, 2023





PPC and Archirodon, the consortium selected for the Čebren pumped storage hydropower project in North Macedonia, hasn’t yet accepted all the conditions for the establishment of a public-private partnership, Minister of Economy Kreshnik Bekteshi said. He also denied again that the government intends to sell MEPSO to Greece’s IPTO.

Almost two months after the consortium of Public Power Corp. (PPC) and Archirodon was selected as the partner for the construction and operation of the Čebren hydropower system, the contract isn’t signed yet. Moreover, it’s been 14 months since the government acknowledged that the Greek companies submitted the only valid bid.

Consortium is negotiating with Ministry of Environment, Spatial Planning

The Čebren project has been discussed for decades and there were several unsuccessful attempts to materialize it, Minister of Economy of North Macedonia Kreshnik Bekteshi said. But for the first time, there is a serious bidder and it accepted the condition that state-owned power producer Elektrani na Severna Makedonija (ESM) needs to have a share in ownership, he told Sitel TV.

However, there are additional conditions in the tender documentation that the investor must accept to get the contract, the minister revealed. The government will have priority for a part of electricity sales and other technical matters, which will be announced transparently, Bekteshi stressed.

State-owned power utility ESM is envisaged to own 33% of the Čebren joint venture

The deal will be signed if the bidders accept the conditions from the tender documentation that they allegedly disputed, he said, as reported by state news agency MIA. Bekteshi added that the Ministry of Environment and Spatial Planning is discussing the matter with the consortium.

ESM is set to own 33% of the joint venture that would build and operate pumped storage hydropower plant Čebren, envisaged with 333 MW in capacity. In addition, it is set to run the existing Tikveš hydropower plant (116 MW).

MEPSO needs to remain fully owned by governmenet

The minister repeated that the government didn’t receive any offer from Greece’s Independent Power Transmission Operator (IPTO or Admie) for MEPSO, the North Macedonian transmission system operator. It is a strategic company that can partly affect the country’s security, according to Bekteshi.

As a matter of fact, MEPSO needs to remain under government control, he underscored. It is not in its interest to privatize the company or any part of it, Bekteshi said.

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 on track to add 4 GW of solar and wind, seeks EU support for green steel roll-out

29 November 2023 - Montenegro's strategic goals include renewable energy, smart electricity metering, but also green steel production

eu action plan grids european commission

Industry welcomes EU’s grid action plan but criticizes lack of some crucial measures

29 November 2023 - The European Commission has presented a 14-point action plan for seven challenges to improving electricity grids

GIZ opens applications for green jobs consultant in Western Balkans 

28 November 2023 - The German development agency has launched a call for the expression of interest and the deadline is December 12

can europe necp western balkans report missed targets

CAN Europe: BiH, Kosovo* and Serbia’s NECPs lack climate ambition, coal phaseout dates

28 November 2023 - Bosnia and Herzegovina, Kosovo*, and Serbia sent draft NECPs to the Energy Community Secretariat for review in late June and July