Montenegro awards 30-year concession for 3 hydropower plants to local firms.

By bne IntelliNews September 23, 2010
Local consortium Elektrotehna-Radius won a 30-year concession agreement with the government for the construction of three small hydropower plants for EUR 13.3mn. The consortium will invest EUR 5.1mn in building two units with a combined installed capacity of 2.4MW and output capacity of 9 GWh annually and will be located by the Murinska river. The third plant, which will cost EUR 8.2mn, will have an installed capacity of 8.3MW and an output capacity of EUR 33 GWh annually, while its location will be at the Trepacka river. The concession fees will equal 4% of the value of the projected annual output.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more