Montenegrin state-owned utility EPCG has launched a third tender for the design and construction of the Otilovići small hydropower plant, with the project value unchanged from previous attempts at €7 million excluding VAT, or €8.47 million including VAT.
The contract covers the preparation of the main design, civil works, delivery and installation of electromechanical equipment, testing and commissioning of the facility. The main design must be completed within six months, excluding the review period, while a further six months is allocated for preparation of the environmental impact assessment, excluding the time required for approval by the Environmental Protection Agency.
Construction is expected to take between 12 and 20 months. EPCG will formally hand over the project to the selected contractor seven days after the building permit is issued.
Interested companies must submit their offers by 20 October. The planned small hydropower plant will have an installed capacity of approximately 2.6 MW and is expected to generate around 11 GWh of electricity annually.
