16 December 2011

Two companies submit bids for construction of hydro plants Cebren and Galiste

Two companies have submitted bids for the construction of hydro power plants Cebren and Galiste.Economy Minister Valon Saraqini said companies PPC from Greece and CWE from China submitted bids until the expiration of Thursday's deadline.
The tendering commission will complete the bids' evaluation by the month-end and submit it to the Government, which is to pass the final decision on the concessions.
PPC has said in its offer that Macedonian Power Plants (ELEM) is to own 28 percent of shares of the future power plants, whereas CWE has offered 40.5 percent. The share percentage offered to ELEM is the main criterion of the tender.
If the concessionaire is selected, the construction of Cebren and Galiste would begin in 1,5 year, following ELEM's completion of access roads and networking of the new power plants.

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