Electricity

Two Chinese companies show interest in construction of Morača HPPs

Photo: Wikipedia

Published

June 5, 2017

Country

Comments

0

Share

Published:

June 5, 2017

Country:

Comments:

0

Share

Representatives of two Chinese companies are expected to arrive soon in Montenegro to discuss possibilities for the construction of hydro power plants (HPPs) on the river Morača, a project that the Montenegrin authorities have been trying to develop for several years, at the same time drawing critics from local environmental organizations.

According to daily Vijesti, the companies Power China and State Development and Investment Corporation (SDIC) are interested in construction of HPPs on the river Morača and their vice-presidents, Xu Han of Power China and Zhao Fengbo of SDIC, are expected to arrive in Montenegro in mid June.

They will meet the high officials of the Ministry of Economy of Montenegro, and one of the topics of their talks would be the possibility of signing of memorandum of understanding.

Two Chinese companies are also interested in Montenegrin energy sector in general, daily Vijesti reported.

The Montenegrin Ministry of Economy said last November that it was expecting more offers for the construction of HPPs on the river Morača.

So far, several memorandums of understanding have been signed with the investors interested in the Morača HPPs coming from China, Turkey and Slovenia. One of the companies which submitted the bid was the Chinese company Norinco. It has not been selected to build Morača HPPs, yet its technical bid was accepted as final.

Norinco has offered to build five hydroelectric power plants in the main stream of the river Morača and one on each of its three tributaries, while the Turkish company Bereket Enerji’s offer has included the construction of four HPPs without any tributaries.

The Government of Montenegro said that it is open for all kind of proposals from potential investors, both DBOT (design-build-operate-transfer) or BOT (build-use-transfer) arrangements, provided that they don’t require guarantees from the state and that they envisage the latest solutions in the field of energy and environmental protection.

Several environmental organization in Montenegro have voiced their concerns about plans for construction of HPP’s on the river Morača.

The Ozon movement recently said that all activities related to the big energy projects like the Morača river should stop, because there are no conditions for reasoned public dialogue due to the internal and even, as they put it, external political crisis.

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

Artur Lorkowski energy community director

Polish diplomat Artur Lorkowski new director of Energy Community

03 December 2021 - Artur Lorkowski will lead the Energy Community Secretariat over the next three year. He replaced Janez Kopač after his nine-year tenure

RES Foundation conference subsidies poor households net zero heating

RES Foundation conference: More subsidies for poor households needed to get to net zero heating

02 December 2021 - Vulnerable households in the Western Balkans often can't afford renovation or to replace old heating stoves and boilers even with a 50% subsidy

ERS power utility gets nod to issue bonds on Vienna Stock Exchange

ERS power utility gets nod to issue bonds on Vienna Stock Exchange

02 December 2021 - It is a good test for ERS to check on the international financial market whether there is interest in buying its bonds

Renewable energy projects 95 GW compete Greece

Renewable energy projects of 95 GW compete for completion in Greece

02 December 2021 - An overwhelming number of renewable energy projects received a production license or a producer certificate in Greece so far