Greece's Public Power Corporation (PPC) has been shortlisted in a pre-qualification international tender for the construction of two major Hydroelectric Power Plants (HPP) in FYROM, it was announced on Tuesday

The investor to be selected will participate in a consortium with FYROM's state electricity corporation ELEM for materialisation of the estimated 540 million euros Cebren and Galiste hydroelectric plants project along the Crna River in the southern part of FYROM. Of the 540 million euros initially budgeted for

the two plants, 340 million euros are anticipated for the Cebren HPP and 200 million euros for the Galiste HPP.

Greece's PPC is one of 10 candidates, from a total 16, that have been shortlisted for the second stage of the Cebren-Galiste project, the single largest energy project in FYROM.

The combined capacity of the two HPPs will be 526 MW, equaling FYROM's current total hydropower capacity and nearly half of the overall generation capacity of 1,302 MW.

The winner of the tender will build the plants in a public-private partnership with ELEM, with an estimated time of completion of seven years, and operate the HPPS under a concession.

The other nine companies shortlisted are CE Electric from the UK, Edison from Italy, EnergoPro from the Czech Republic, EVN from Austria, Schrabak from Austria, and the consortiums "CVE-CTG-PC" from China, "Lanco India, Komito Korea and KHMP Korea", "Kosek Korea and Dailing Industrial Korea", and "Por Austria and Landsvirkjun Iceland".