Adora Engineering invests €9.3 in North Macedonia's heating utility firm
Adora Engineering invests €9.3 in North Macedonia's heating utility firm

Adora Engineering invests €9.3 in North Macedonia's heating utility firm

Toplifikacija is in bankruptcy proceedings since 2018.
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RE+D magazine
18.10.2021

North Macedonia's construction company Adora Engineering has offered to buy most of the assets of local heating utility Toplifikacija, which is in bankruptcy proceedings, for €9.3 million, according to local media.

Adora wants to buy Toplifikacija's East and West heating plants and most of the remaining property of the bankrupt company at a public auction, META news agency reported on Thursday.

 Local Balkan Energy Group (BEG) is currently using the two plants, as well as a large part of the heat supply network in Skopje, under an agreement with Toplifikacija.

 Toplifikacija is in bankruptcy proceedings since 2018.