Montenegro's EPCG to sign 33 mln euro loan deal with KfW - Hydro Balkans
+44 207 394 30 90 (London)

Montenegro’s EPCG to sign 33 mln euro loan deal with KfW

Главная » News » Montenegro’s EPCG to sign 33 mln euro loan…

Montenegrin power utility Elektroprivreda Crne Gore (EPCG) [MNG:EPCG] plans to sign a 33 million euro ($37.4 million) loan with German development bank KfW to finance the overhaul of its 307 MW hydropower plant (HPP) Perucica, a company official said.
The loan will be used to finance Phase II of Perucica’s overhaul and will be agreed in the spring of 2019, EPCG’s development and engineering director, Ivan Mrvaljevic, said in the latest edition of the company’s in-house magazine.

The project includes the reconstruction and modernisation of hydraulic and electrical equipment of A5, A6 and A7 turbines and installation of an integral information system among others, Mrvaljevic said.

“In addition to financing the delivery of equipment and the execution of works, part of the funds for the Phase II loan will be used to prepare project and tender documentation for the construction of A8 turbine,” he added.

In August, KfW agreed to provide 8.5 million euro in financing for the overhaul of EPCG’s Piva HPP.

EPCG said in May 2018 it aims to make investments worth 170 million euro in the next five years to enhance the safety of the operation of its power plants, increase company efficiency and ensure safe customer supply and stable functioning of the country’s power system.

Source: Renewables Now

MORE:

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…