Bulgaria’s NEK signs 19.9 mln euro deal for overhaul of HPP complex
» 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
EBRD has acquired stake in Ictas Surdurulebilir Enerji Yatirimlari, the renewable energy arm of Turkey’s IC Holding for $100m
The EBRD’s investment is expected to provide new boost to Turkey’s renewable energy sector. Ictas Surdurulebilir Enerji Yatirimlari owns a portfolio of ten hydropower plants with a total capacity of 400MW. With the funding, the company expects to invest in wind and solar power with a combined capacity of up to 250MW. The investment will…
Romania’s Govt. renews promises for 10% IPO at Hidroelectrica
Romania’s Government plans to launch an initial public offer (IPO) for the sale of a 10% stake in hydropower producer Hidroelectrica and a 15% stake in coal and power company CE Oltenia, according to the 2019-2022 Convergence Program, passed by the Government on May 8. The offers would include the issuing of new shares by…
EPCG’s new investment cycle focuses on portfolio diversification, hydropower projects
A Belgrade consortium comprising engineering firm Energoprojekt Hidroinženjering and water management institute Jaroslav Černi has been selected to produce a conceptual design for hydropower plant (HPP) Komarnica, and has already prepared an environmentally acceptable technical solution, which paves the way for the construction of the power plant following decades of research, Igor Noveljić, CEO of…