Bulgaria's NEK signs 19.9 mln euro deal for overhaul of HPP complex - Hydro Balkans
+44 207 394 30 90 (London)

Bulgaria’s NEK signs 19.9 mln euro deal for overhaul of HPP complex

Main » News » Bulgaria’s NEK signs 19.9 mln euro deal for…

SOFIA (Bulgaria), June 5 (SeeNews) – Bulgaria’s National Electricity Company said it has signed a 19.9 million euro ($23.3 million) contract for the rehabilitation of three hydro power plants with a consortium comprising Czech company CKD Blansko, Croatia’s Koncar-KET and Slovenia’s Rudis.

The contract will be partially financed with an 11.5 million euro grant from the Kozloduy International Decommissioning Support Fund (KIDSF), state-owned NEK said in a statement.

Under the contract, the consortium will overhaul the Momina Klisura and Sestrimo hydro power plants (HPPs) and Belmeken pumped storage HPP. The contract is part of a project for the rehabilitation of Belmeken – Sestrimo – Chaira hydro power complex, Vacha-1 HPP 110 kV switchyard and other HPP systems of integrated control.

The overall budget of the project is 37 million euro, with 70% to be financed by KIDSF and 30% by NEK, the EBRD, which administers the KIDSF, said in January.

Source: Renewables Now

MORE:

Republika Srpska to adopt new renewables incentive schemes by end-2019

Republika Srpska plans to introduce auctions for the construction of hydropower and solar power plants, as well as to continue using its power generation resources, including small and large hydropower plants and lignite-fired power plants. In an interview with Balkan Green Energy News, Petar Đokić, Minister of Energy and Mining of Republika Srpska, says that…


Croatia’s HEP Group posts EUR 184 million net profit for 2018

Croatia’s state-owned energy company Hrvatska Elektroprivreda (HEP Group) reported a net profit of HRK 1.36 billion (around EUR 184 million) in 2018, an increase of 5% compared to 2017. The profit came from the group’s electricity business, with losses seem in other segments of operations, according to HEP Group’s annual report. HEP Group posted an…


Electrica interested in CEZ assets in Romania – CEO

Romania’s state-owned power distribution and supply company Electrica is interested in buying the assets owned by Czech energy company CEZ in Romania, once they are put up for sale, Electrica CEO Georgeta Corina Popescu has said in an interview with Agerpres, Romania Insider reported. In addition to eyeing CEZ’s assets in Romania, Electrica is also…