Duisburg / Skopje / London, in November 2014. As reported earlier, PCC HYDRO DOOEL Skopje (Macedonia) successfully commissioned its first three hydropower plants.
Following completion, the EBRD (European Bank for Reconstruction and Development) as the financing bank subjected all three projects to an audit by independent experts, which resulted in the awarding of an incentive payment for the successful launch of the plants. As a result, the €6 million loan agreed with the EBRD decreased by some €670,000.
“It is a special privilege for us to have received such a reward”, says Dr. Dirk Gürzenich, Managing Director of PCC DEG Renewables GmbH, parent company of PCC HYDRO DOOEL Skopje. “For us, it is a sign of recognition of our achievements and the importance of our project management. I would like to express my special thanks not only to our local project management team, but also to our German project leaders who mastered maintaining a balance between cost, time, and quality at all stages. Ultimately, the high-quality execution of our projects was particularly important for the granting of the incentive. This makes us very proud.”
Short profile of PCC DEG Renewables GmbH:
PCC SE is developing projects, including the above-mentioned ones, within the framework of PCC DEG Renewables GmbH, a joint venture between PCC SE and DEG Deutsche Investitions- und Entwicklungsgesellschaft mbH (a member of the KfW Banking Group). Through its project entities in Bosnia and Herzegovina as well as Macedonia, PCC DEG Renewables GmbH invests in power plant projects based on renewable energies.