Montenegro Awards Power Permit for 588 kW SHPP Project

PODGORICA (Montenegro), May 3 (SeeNews) – Montenegro said it has awarded a power permit to local firm Synergy for the construction of a small hydro power plant (SHPP) with installed capacity of 587.5 kilowatts.

The investment costs for the Vrelo SHPP, located in the municipality of Bijelo Polje, are seen at 990,000 euro ($1.3 million), the country's economy ministry said.

After the issuing of the two-year power permit, which happened in March, Podgorica-based Synergy should sign a concession deal with the Montenegrin government, clearing the way for the award of a construction permit for the project.

($=0.7558 euro)

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