Austria firms to sell stake in developer Energy Eastern Europe Hydro Power

Energy Eastern Europe

Vienna utility Wien Energie GmbH and its Austrian partners invite expressions of interest to purchase from 49 percent to 100 percent of Balkans hydropower developer Energy Eastern Europe Hydro Power GmbH. Responses are due November 6.

The Judenburg, Austria-based Energy Eastern Europe Hydro Power (EEE) has hydro capacity of 8.5 MW in operation and holds concessions for other projects in development in the southeastern European nations of Bosnia and Herzegovina; autonomous Republika Srpska in Bosnia and Herzegovina; Macedonia; and Montenegro.

Wien Energie holds a 49 percent stake in EEE, while hydro plant builder Energie Zotter and investment adviser Fras Beteiligung und Beratung GmbH own the remaining 51 percent of EEE. Wien Energie said the partners plan to sell from 49 percent to 100 percent of the venture.

Solicitation documents may be obtained from the address below. Expressions of interest are due by noon, Central Europe time, November 6 to the address below.

For information contact Herrn Mag. Manuel Mahler-Hutter, Wien Energie GmbH, Thomas-Klestil-Platz 14, 1030 Vienna, Austria; (43) 1400435234; E-mail: manuel.mahler-hutter@wienenergie.at; Internet: www.wienenergie.at, www.energy-eastern.eu.
 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs