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

unpaid-electricty-bills-kosovo-kostt

Kosovo* allocates EUR 40 million to cover unpaid electricity bills in northern municipalities

11 August 2022 - Residents of the four Serb-majority municipalities in the north of Kosovo* have not been paying electricity bills for over two decades

SEEPEX chief Power prices Southeastern Europe EUR 500 MWh fourth quarter

SEEPEX chief: Power prices in Southeastern Europe reach EUR 500 per MWh for Q4 2022

11 August 2022 - Futures for settlement in the fourth quarter indicate an electricity price in Southeastern Europe of EUR 500 per MWh, chief of SEEPEX Miloš Mladenović said

Drought-lowers-hydropower-plant-output-Serbia-Europe

Drought lowers hydropower plant output in Serbia, Europe

10 August 2022 - The water flow in Serbia's hydropower system dropped by a half, increasing the need for electricity imports, but the situation is similar across Europe

Norway power export controls drought hydropower reservoirs

Norway to impose power export controls

09 August 2022 - Norway is preparing a framework for limiting electricity exports at times when the levels of water in hydropower accumulations are low