Quatar interested in Macedonia HPP projects

5. February 2013. / SEE Energy News

Minister of Economy, Valjon Saracini, as a part of delegation lead by Macedonian President, will visit Qatar in next two days. Saracini managed to meet with the Chief Executive Director of Qatar Holding, Ahmand Mohamed Al Sajed.

Saracini was pointing out energy and tourist investment projects during meeting, and the biggest interest of this company, which has investment projects in over 30 countries, was recapitalization in the plant Macedonia (ELEM). Cebren, Galiste and Vardarska Dolina are the part of energy projects that have interest to be in portfolio of Qatar Holding, if the company entrance in Macedonian energy sector realizes.

Minister Saracini said the analysis will be made and the best structure for ELEM recapitalization will be proposed, after the consultants’ election. The public invitation for recapitalization will be announced afterwards. Saracini explained the simple procedure for concession in mineral resources that enables the new law for minerals.

Delegation of Macedonia, lead by Macedonian President Djorge Ivanov, met with sheikh Hamad bin Halif Al Tani within the official program. Minister Saracini signed Memorandum for comprehension and cooperation between these two countries in order to improve arranged frame between them. Memorandum for cooperation of Qatar and Macedonian chambers of commerce was signed also. Macedonia and Qatar have signed contract for avoiding military taxes, cooperation in education area and mutual protection of investments.

Source Serbia Energy SEE Desk/Macedonia Gov.

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