Montenegro’s Ministry of Economic Development invites expressions of interest from potential developers of four hydroelectric projects on the Moraca River totaling 238 MW. Responses are due December 1.
The four projects, 127-MW Andrijevo, 37-MW Raslovici, 37-MW Milunovici, and 37-MW Zlatica, are to feature one 150-meter-tall dam and three 60-meter-tall dams. They are expected to generate 693 gigawatt-hours annually.
Construction of the four plants, estimated to cost 500 million euros (US$622 million), would be the first major investment in 25 years in Montenegro’s energy sector. In January, the ministry called for bids to develop 43 small hydro sites. (HNN 1/21/08)
In 1999, while still Serbia’s junior partner in the former Yugoslavia, Montenegro called for pre-qualifiers for the four projects, then estimated to have nearly twice their currently estimated capacities.
The ministry said it wants to develop Montenegro’s waterpower potential through public-private partnerships. It said it plans to pre-qualify bidders for the Moraca River projects from among firms with experience in design, finance, construction, and operation of large hydropower projects.
Expressions of interest and qualifications, in English, are due December 1.