INTERNATIONAL TENDER FOR ARDA CASCADE

Business | April 13, 2001, Friday // 00:00

State Agency for Energy will announce in a month an international tender for an investor to hold construction of the water power stations of the `Upper Arda` cascade. The investors will have to engage with the rehabilitation of the three existing water power stations along Lower Arda River. Upper Arda cascade with its three water power stations will cost $300 M. The rehabilitation of the existing stations is estimated to $30 M.

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