In 2010 the Government of Montenegro adopted two key documents: “Draft Detailed Spatial Plan for an area of multipurpose accumulations on the Morača river” and “Draft Strategic Environmental Assessment”, developed by the Norwegian consortium COWI, Oslo.
These two documents envisage the construction of four hydropower plants - HPP Andrijevo, HPP Raslovići, HPP Milunovići and HPP Zlatica, with a total installed capacity of 238,4 MW and an average annual production of electricity of 721 GW. The project includes the construction of a dam, access roads, valve house, surge chamber, penstock, power station and other related facilities, the installation of turbines, generators and transformers, and the laying of transmission lines. The construction costs are estimated to EUR 540 million. The Government is in the process of evaluating bids and finalising proposals. However, the DBOT or BOT contractor is yet to be chosen. Subject to the appointment of the contractor, construction works are scheduled to take six years for completion.
Company name: Elektroprivreda Crne Gore JSC Nikšić
Company website: www.epcg.com
Deal value: EUR 540 million