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Water concession agreement

Watter concession © ADVANTAGE AUSTRIA

© ADVANTAGE AUSTRIA

30. July 2009

GOVERNMENT SIGNS WATER CONCESSION AGREEMENT WITH “ENERGIE ZOTTER BAU”

The Minister of Economy, Fatmir Besimi signed an agreement for a design-build-operate-transfer (DBOT) water concession with Robert Zotter and Samoil Celeski, representatives of the Austrian company "Energie Zotter Bau", which has acquired 16 sites for the construction of small hydro-power plants at international calls announced in 2007.
The plants, due to be completed by June 2012, will annually produce 26,48 GWh.
This is the beginning of an agreement signing with nine companies, which were the best bidders at the two calls for construction of 88 small hydro-power plants in Macedonia.
"This agreement launches the project for construction of 400 small hydro-power plants worth €300 million. The Ministry has thus far announced three calls, two of which have been completed, the third is in an evaluation stage, whereas the fourth one, offering 30-40 sites, will be announced soon", said Minister Besimi.

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