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Andrijevica wants € 550.000 for the construction of a small hydro power plant

Andrijevica

Municipality of Andrijevica requested that the Ministry of Finance gives consent for the long-term loan in the amount of € 550.000 with the Investment Development Fund for the purposes of the construction of small hydro power plant Krkori.

“According to the Draft Loan Agreement, concluded between the IDF and the municipality, the requested loan is defined to be realized with 10 years repayment deadline, with included 12-month long grace period and the 3% fixed interest rate”, reads the Government’s document.

Currently, six companies enjoy the status of a preferential producer of electricity generated from the energy of water: Hydroenergy from Berane, Igma Energy from Andrijevica, Sigma Energy from Podgorica, Kronor and Hydro Bistrica from Podgorica and Nord Energy from Andrijevica.

The first small hydro power plant that will become state-owned after six years is Jezerštica, in Berane.

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