Slovenia’s Riko civil engineering company has won a US$50M tender to construct the Matka 2 hydro power plant in Macedonia.
Riko will build the plant and its 70m dam in association with the Macedonian contractors Beton, Mavrovo, FAKOM, EMO Ohrid and Makmonting, along with Korona, Litostroj and Gopla of Slovenia.
The loan will be provided by either the US Depfa Bank or a consortium of Slovenian banks, and Macedonia will repay Riko’s sum over 15 years.