Power utility PPC and energy and construction firm Archirodon, in a partnership for North Macedonia’s prospective Cebren hydropower plant, at the Crna Reka river, face a mid-September deadline for binding bids.
The neighboring country’s state-owned power producer ESM, staging the tender, aims to have announced a preferred bidder by the end of the year.
The Cebren facility, planned to offer a capacity of between 333 and 458 MW and annual production of between 1,000 and 1,200 GWh, is expected to cost approximately 600 million euros.
The project is planned to be developed through a Public Private Partnership (PPP) with state-owned power producer ESM.
PPC and Archirodon are among nine of ten initial bidders who have qualified for the competition’s final round. The others are: ENKA-COLIN (Turkey); EDF (France); Cobra-Cobra Hidraulika (Spain); EVN-Verbund (Austria); Webuild SPA Italia-Salini (Italy); Gezhouba Group China (China); Power Construction Corporation of China (China); and Ozaltin-Yapi Merkezi (Turkey).
Power utility PPC is looking to make its next major investment moves in the neighboring countries of Bulgaria, Romania and Serbia, solar energy and hydropower projects being a priority.
RES activity has soared in these three countries over recent years and is expected to continue.
PPC, which has not taken any investment initiatives abroad in quite a few years, anticipates it will be ready to announce details on major-scale solar farm projects in these countries towards the end of the year.
Bulgarian officials are making plans for 2.64 GW in new RES installations by 2030, of which 2.2 GW will concern solar farms, according to the country’s ten-year climate plan.
In Romania, the country’s 2030 projection is for investments reaching 5.2 GW in wind farm investments and approximately 5 GW in solar farms.
Serbia, possibly offering the biggest green energy investment opportunities among these three countries, will need between 8 and 10 GW in RES investments to replace coal-fired generation with a capacity of 4.4 GW by 2050, deputy energy minister Jovanka Atanackovic recently announced.
A first round of wind and solar project auctions is planned to take place in Serbia by the end of this year.
A month and a half ago, a partnership involving PPC and international contractor Archirodon advanced to the second round of a tender staged in North Macedonia for construction and operation of a major hydropower plant, Cebren, budgeted between 500 and 600 million euros and with a capacity between 333 and 458 MW.
PPC will continue to pursue this Cebren contract but its main focus will be on Bulgaria, Romania and Serbia and their solar energy project opportunities, sources informed.