Macedonias government extends deadline of Cebren, Galiste hydropower tender.

By bne IntelliNews July 16, 2012
Macedonias government has extended the deadline for selecting an investor to build Cebren and Galiste hydropower plants, a release on the website of the economy ministry informs. Cebren and Galiste will be located on the Crna River and have indicative installed capacities of 333 MW and 193.5 MW, respectively. Last December, bids were submitted by Greece's PPC and China's CWE. PPC offered a 28% equity stake of the future power plants to Macedonia's state-owned power generation company ELEM, while CWE offered 40.5%. However, Utrinski vesnik daily reported that CWE has demanded bigger state guarantees for the quantity of bought electricity, exemption from VAT, and the inclusion of the hydropower plant Tikves. Meanwhile, the latest release informs that the government has approached the bidders asking if their offers are still valid. In case of negative answers, the local authorities are not going to give up the project as in such a case it may be implemented by the Macedonian state.

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