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Bulgaria's NEK signs 19.9 mln euro deal for overhaul of HPP complex

HPP Chaira; Author: Anton Lefterov / License: CC BY-SA 3.0

SOFIA (Bulgaria), June 5 (SeeNews) - Bulgaria's National Electricity Company said it has signed a 19.9 million euro ($23.3 million) contract for the rehabilitation of three hydro power plants with a consortium comprising Czech company CKD Blansko, Croatia's Koncar-KET and Slovenia's Rudis.

The contract will be partially financed with an 11.5 million euro grant from the Kozloduy International Decommissioning Support Fund (KIDSF), state-owned NEK said in a statement.

Under the contract, the consortium will overhaul the Momina Klisura and Sestrimo hydro power plants (HPPs) and Belmeken pumped storage HPP. The contract is part of a project for the rehabilitation of Belmeken – Sestrimo – Chaira hydro power complex, Vacha-1 HPP 110 kV switchyard and other HPP systems of integrated control.

The overall budget of the project is 37 million euro, with 70% to be financed by KIDSF and 30% by NEK, the EBRD, which administers the KIDSF, said in January.

($ = 0.8541 euro)

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