SKOPJE (Macedonia), May 10 (SeeNews) – The construction of hydro power plant (HPP) Boskov Most in western Macedonia will start at the end of 2013 or early next year, local media reported on Friday, quoting the head of state-owned power producer ELEM.
"We expect the contracts for the construction works to be signed by the end of the third quarter of this year," daily Dnevnik (www.dnevnik.com.mk) said, quoting ELEM's director general Dejan Boskovski.
Last year the European Bank for Reconstruction and Development (EBRD) said it was providing a 65 million euro ($85.7 million) sovereign loan for the construction of the Boskov Most hydro power plant.
Initially, the construction of HPP Boskov Most should have started in the second quarter of 2012, according to finance ministry information.
The 70 megawatt Boskov Most power station will be located near the western town of Debar.