Fifteen firms vie for Montenegro hydro plants | Reuters

Fifteen firms vie for Montenegro hydro plants | Reuters

Montenegro has lined up 15 European companies keen to build hydro power plants to ease shortages and cut electricity imports, its deputy economics minister told Reuters on Wednesday.

It plans to award concessions for up to 30 years for the construction of plants on the Cehotina river with an estimated annual output of 463 gigawatt-hours, Miodrag Canovic said in a telephone interview.

He said that Austria's Allgemeine Baugesellschaft - A.Porr AG, Germany's Stadtwerke Buhl GmbH, Netherland's HydroBV and Italy's Societa Italiana per Condotte d'Acqua S.p.a sent letters of intent to bid for the project.

Other firms include Spain's Assignia, Czech CKD Blansko Holding and nine companies from the region.

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