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Oct 04, 2007 13:47 EEST
October 4 (SeeNews) - Montenegro's state-run power utility company Elektroprivreda Crne Gore (EPCG) said on Thursday it has called an open international tender to buy 869,195 megawatthours of electricity at a cost of up to 65.2 million euro ($92.1 million) to cover domestic demand through 2008.
Bidders are invited to place their offers by 11.30 a.m. local time (0930 GMT) on October 30, the company said in a statement.
EPCG plans to buy the electricity in twelve monthly lots between January 1 and December 31 next year.
Montenegro now imports 1,500 gigawatthours of electricity a year, or one third of its annual consumption. The country has projected that its annual power consumption would grow at a rate of 1.9% to 3.0% in the coming years.
($ = 0.7081 euro)
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