News

Italian company Condotte building hydropower plants

Published

January 13, 2016

Comments

comments icon

0

Share

Published:

January 13, 2016

Comments:

comments icon

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

envision green hydrogen ammonia

China-based Envision opens world’s largest green hydrogen, ammonia plant

14 July 2025 - The plant can deliver 320,000 tons of green ammonia per year, with annual output projected to rise to 1.5 million tons by 2028.

hydrogen lab gas research

Balkan hydrogen scientists: Research funding should focus on real-world applications

14 July 2025 - A team of scientists from Slovenia, Serbia, and Bosnia and Herzegovina is working on a hydrogen project based on seawater electrolysis.

Serbia EPS starts trial operation of its Petka PV plant on coal tailings dump

Serbia’s EPS starts trial operation of its Petka PV plant on coal tailings dump

14 July 2025 - EPS connected its first larger solar park, called Petka, to the grid. The new facility is in its coal complex Kostolac.

GGF grows direct lending energy transition energy security

GGF grows direct lending, committed to energy transition, energy security

11 July 2025 - In its Impact Report 2024, Green for Growth Fund outlined powering the green transition across Southeast Europe, the Caucasus and beyond