Montenegro: Chinese Hubei Power company gave an offer of 275 million EUR for the second block of TPP Pljevlja

, SEE Energy News


Chinese Hubei Power China delivered detailed offer for the Pljevlja’s second block of 275 million EUR to the Montenegrin Government so the harmonizing of all offer details supposes to last two to three weeks so that Chairmen from Chinese company can visit Montenegro in mid-April.

Chinese side has no dilemma about giving the most adequate and economically most affordable solution as well as short deadlines for construction. Elektroprivreda, Government and Coal Mine are on the move now.

On the other side, much more complex question is consolidation in EPCG and mine and preparing of structure and documentation that enables credit financing without state guaranties.

Financial consultants that cooperate with Chinese are working on this question for a year, according to DN’s information, and the biggest Chinese Bank ICBC and Sinosure, national insurance house have involved in the business since recently.

Source;Serbia Energy SEE desk/MNE Gov