Norwegian-Montenegrin company to build three hydroelectric power plants and small tourist complex in vicinity of Kolašin - investment worth 30m EUR

Norwegian-Montenegrin company "W. Morgan" announced that it would build three small hydroelectric power plants and tourist complex with 1,000 beds on the territory of Kolašin within the next two years.

The Mayor of Kolašin, Mileta Bulatović, estimated that it was the proof that foreign investors found that city "interesting" as the investment destination.

Norwegians will invest over 30m EUR in construction of power plants and tourist facilities prior to 2012.

Hydroelectric power plants will be built on the tributaries of the Morača and Tara rivers.