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Italian company Condotte building hydropower plants

Published

January 13, 2016

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Published:

January 13, 2016

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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.

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