Montenegro has awarded a concession to the firm Kol Energy for the construction of a small hydro power plant (SHPP) in the northern municipality of Kolasin, the country’s economy ministry said.
The investment costs for the Rastak SHPP, with a planned installed capacity of 624 kilowatts, is estimated at 1.16 million euro ($1.5 million), the economy ministry said on its website.
Kol Energy is a public-private partnership between the Kolasin municipality and Slovakia’s Salix Energy.
The 30-year concession contract was signed in early April.
