News

Italian company Condotte building hydropower plants

Published

January 13, 2016

Comments

0

Share

Published:

January 13, 2016

Comments:

0

Share

Italian construction company Condotte is investing in the construction of four small hydropower plants in Macedonia, news agency Independent reported. Speaking at a news conference, Minister of economy Bekim Neziri said the facility on river Ešterička near Probištip is expected to start to operate. The two stations on River Zrnovska in the Kočani area and another one on river Kadina in the region of Skopje are in different stages of construction. Even though the company came with only EUR 19 million, it’s encouraging that it may keep investing in Macedonia, Neziri stated.

Condotte’s head Duccio Astaldi praised the cooperation with Macedonia’s institutions and its local partner IMPG company in Skopje. The Italian construction company entered the Macedonian market in 2013. Founded 130 years ago, Condotte invests in infrastructural projects across the world and has annual turnover of EUR 1.2 billion.

Neziri said the possibility of investing in the projects Čebren and Galište and in the Skopje–Blace road was being discussed with Condotte’s officials. The Italian company is receiving feed­-in tariffs from the state, the same as the remaining 64 concessionaires in Macedonia.

Related Articles

matija medojevic mepx CEO belen montenegro power exchange

Montenegrin Power Exchange – road to EU

25 September 2023 - MEPX is working to fulfill the conditions for obtaining the NEMO status, CEO Matija Medojević told Balkan Green Energy News in an interview

WISE Serbia Women leaders of energy transition myth reality

WISE Serbia: Women leaders of energy transition are no myth but reality

25 September 2023 - The conference Women of Serbia in Sustainable Energy – Leadership for the Energy Transition was organized by the WISE Serbia women's network

Central, Eastern Europe severely lagging in smart meters rollout

Central, Eastern Europe severely lagging in smart meters rollout

25 September 2023 - Smart meters are a vital part of the modern power grid, as they facilitate energy saving, demand response and numerous other applications

Eurelectric-Europe-attract-unprecedented-investments-grid-expansion

Eurelectric: Europe must attract unprecedented investments in grid expansion

22 September 2023 - After a period of historic hardship, the electricity sector in Europe showed several positive trends, according to Eurelectric.