Montenegro has shortlisted four candidates for construction of a hydropower project on the Moraca river. The four companies are the Italian organizations Enel and Torno, Russia’s EMK Power Engineering Corp. and China’s Shanghai Advanced Power Projects Corp., Reuters reports. All four met the criteria needed to qualify for the second round of the process.
The projected power plant will have a generating capacity of 360 MW. It is being offered on build-own-operate-transfer terms with an assocatied power purchase agreement for 30 years excluding the building period.
Initially, 40 companies showed interest in the development but only seven submitted bids. The government blames this modest response on political turmoil at the end of 1997, when power was transferred from the former president to a reformist successor.
