As a first step, the companies have agreed to jointly participate in a tender process for the construction and operation of three hydro schemes in Macedonia.
'HSE is a partner with a very good reputation in the whole region and we are convinced that the agreed cooperation will be to the benefit of both parties,' said Jan Zilius, CEO of RWE Power. 'It is the aim of RWE to build up a balanced portfolio of power production and electricity distribution in the region.'
Austrain utility Kelag, a minority shareholding of RWE Energy, is also expected to be involved in the development of the Macedonian projects.
