Montenegro – 17 firms submit expressions of interest for small hydroelectric plants on 8 watercourses

On Tuesday, 1 February 2011, Montenegro’s Ministry of Economy published a list of the companies that had met the deadline of 31 January 2011 for sending expressions of interest in concessions for the construction of small hydroelectric plants on eight watercourses in Montenegro.  The call for expressions of interest was contained in the “Letter of Intent for the Issuing of Concessions for the Use of Watercourses for the Construction of Small Hydroelectric Plants” (Pismo namjere za davanje koncesija za korišćenje vodotoka za izgradnju malih hidroelektrana) issued by the Ministry of Economy on 24 December 2010.

The eight waterways are the following:

Watercourse (Basin)	Town	Predicted annual electricity production (GWh/yr)
Bukovica (Komarnica)	Šavnik	14.2
Bijela (Komarnica)	Šavnik	5.4
Bukovica (Tara)	Kolašin	0.9
Bistrica (Ljuboviđa)	Bijelo Polje	7.4
Kraštica (Lim)	Andrijevica	3.1
Zlorečica with Peročica (Lim)	Andrijevica	11.4
Velička River (Lim)	Plav	1.5
Đurička River with its tributaries (Lim)	Plav	6.0

(Maps and hydrologic analyses of the individual watercourses can be found at Vodotoci za izgradnju malih hidroelektrana.  Note that the figures given above are for annual production, not installed capacity.  For example, 14.2 GWh/year would be the production of a hydroelectric plant of 1.62 MW installed capacity operating at full capacity year round: 14,200 MWhr/yr ÷ 8760 hr/yr = 1.62 MW.)

The firms submitting expressions of interest prior to the deadline were the following:

As Identified by Ministry	Actual Identity	Legal Headquarters	Ownership	Notes
eXtrem inženjering d.o.o., Bosna i Hercegovina	eXtrem inžinjering d.o.o.	Sarajevo, Bosnia and Herzegovina		participated in 2009 concession competition for Komarača watercourse
Mediterranean Co. d.o.o., Crna Gora	Mediterranean Co. d.o.o.	Budva, Montenegro	100% owned by Slavko Radunović
Naturwind d.o.o., Crna Gora	Naturwind d.o.o.	Ulcinj, Montenegro	owned and operated by Fadil Dodić
aCssignia, Španija	presumably Assignia Infraestructuras, S.A.	Madrid, Spain
Temko d.o.o., Crna Gora	Temko d.o.o.	Nikšić, Montenegro	owned by Mojaš & Tomaš Ćorović
Renewable Energy Ventures d.o.o., Srbija	Renewable Energy Ventures d.o.o. (REV d.o.o.)	Belgrade, Serbia	100% owned by Renewable Energy Ventures (BVI) Ltd, British Virgin Islands, and ultimately by Reservoir Capital Corp., Vancouver, Canada	Reservoir Capital Corp. is presently developing a 58.4 MW hydroelectric project at Brodarevo in Serbia
TM Business Consulting and Solutions, Austrija	TM Business Consulting and Solutions e.U.	Leitzersdorf, Austria
IFWR MBH, Njemačka	unknown	Germany
D’Appolonia, Italija	D’Appolonia S.p.A.	Genoa, Italia
Ekoenergo inženjering, Srbija	Ekoenergo Inženjering d.o.o.	Belgrade, Serbia	owned by Zoran Mojić (65%) and Rade Đorđević (35%)
Korona d.d., Slovenija	Korona inženiring d.d. (Korona d.d.)	Ljubljana, Slovenia		participated in 2009 concession competition for Komarača watercourse
MacHydro Project Skoplje, Makedonija – Češka	MacHydro Project Co. AD (Макхидро Проект Ко АД Скопје)	Skopje, Macedonia	a subsidiary of Hydropol Project & Management, a.s., Prague, Czech Republic
ECG d.o.o., Crna Gora – Austrija	ECG-Male Hidroelektrane d.o.o.	Podgorica, Montenegro	a subsidiary of Energy Eastern Europe Hydro Power GmbH, Judenburg, Austria	participated in 2009 concession competition for Komarača watercourse
NTE Montenegro d.o.o., Crna Gora – Norveška	NTE Montenegro d.o.o.	Podgorica, Montenegro	a joint venture of Nord-Trøndelag Elektrisitetsverk Holding AS, Steinkjer, Norway (51%) and Zetagradnja d.o.o., Podgorica (49%)
Balkan Energo Invest, Crna Gora	Balkan Energo Invest d.o.o.	Podgorica, Montenegro	100% owned by Victor Kolbanovskiy	registered as a company on 27 January 2011
Hidrowat, Crna Gora – Austrija	presumably Hidrowat d.o.o.	Podgorica, Montenegro	100% owned by Miloš Aleksić	registered as a company on 24 January 2011
Mn energy plus, Crna Gora – Austrija	presumably MN Energy Plus d.o.o.	Podgorica, Montenegro	100% owned by Dragan Čarapić	registered as a company on 18 January 2011

Because the final three firms listed above carried out their commercial registration less than two weeks before the deadline for submission of expressions of interest, it is quite possible that they were formed specifically for this concession competition.

I have sent an e-mail to the relevant office of the Ministry of Economy asking for further information on “aCssignia”, “IFWR MBH”, and the two 100% Montenegrin firms that they have indicated as “Montenegro/Austria” – Hidrowat and MN Energy Plus.  I will update this blog entry if I receive any additional information from them or from other sources.