More than 100 million EUR for 4 HPPs

21/12/2012 00:00

The Ministry of Economy officially opened the offers for selling four
small hydropower plants in Bistrice, Ulez and Shkopet. The first tender
that included the sale of two Bistrica power plants had eight offers,
but the biggest came from “Kurum”.

Even in the second power-plants, the biggest price was also offered by Kurum.

The Commission is reviewing the files and will find a winner based on an evaluation system that also includes the financial and technical side of a process that lasts one week to one month after the offers are collected. The four hydropower plants put on sale have a capital of 10.7 billion ALL.

This is the second time that the government is trying to sell four hydropower plants in two separate companies. The first tender failed after no offer was presented, what obliged the government to amend the privatization law by giving more guarantee for buyers, including an offer to sell the produced energy with a higher price. The successful tender will enable the government to receive 110 million EUR, money that will be used for investments in the next months, before the Parliamentary elections.

With the state budget law, the government allowed itself to use the privatization money without the Parliament’s consent, what caused great debates between the majority and the government.

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