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Russian Power Machines win tender

Russian company Power Machines has won the tender for the reconstruction of the Jerdap-1 hydroelectric Power Plant in Yugoslavia. The tender was announced by the Serbian state-owned electric company 18 months ago. After the reconstruction is completed, the output of the six power units of the hydroelectric plant will reach 190MW, now 171MW. The estimated cost of the work, which is supposed to be completed in 88 months, is US$100M.