Public Power Corporation (PPC), Greece’s largest power utility, has submitted a formal bid to build four hydropower plants in Bosnia’s Serb Republic, an Energy Ministry official said yesterday.
Ten firms bought the tender documentation from regional utility Elektroprivreda RS to build the plants but only PCC submitted a formal bid for the project worth an estimated 273.2 million euros ($363.1 million), said Ljubo Glamocic, an Energy Ministry official for the autonomous region of Bosnia.
The tender includes the construction of three hydropower plants on the Drina River and one on the Sutjeska River in the east of the country, with a combined capacity of 165 megawatts and annual output of 553 gigawatt-hours, he said. Glamocic said a special panel would evaluate the bid and present it to the Serb Republic government, which would then decide whether to start negotiations with PCC.