September 18 (SeeNews) - Montenegro's majority state-owned power utility company EPCG [MNG:EPCG] said it signed two deals worth 10 million euro ($11.8 million) combined for works on a project for the overhaul of the 307 MW Perucica hydro power plant (HPP).
The company signed a contract for the reconstruction and rehabilitation of Opacica and Mostanica canals feeding water to the HPP and a consultancy contract with Podgorica-based construction company Bemax and Serbian company Energoprojekt Hidroinzenjering [BEL:EPHD], EPCG said in a statement last week.
The overhaul of Opacica and Mostanica canals will be carried out in the next three years without causing any downtime for the hydro power plant, EPCG said.
In September 2019, EPCG signed an agreement for a 33 million euro loan with German development bank KfW for the overhaul of Perucica, including the reconstruction and modernisation of hydraulic and electrical equipment of A5, A6 and A7 turbines and installation of an integral information system, among others.
The remainder of the loan is intended for the reconstruction of the hydromechanical and electrical equipment of A5, A6 and A7 turbines, gates, hydrological and hydraulic measurements, the installation of integrated information system, as well as consulting services for the installation of A8 turbine.
($ = 0.84707 euro)