Elektroprivreda Srbije plans to install 10 hydropower plants on Ibar river

Elektroprivreda Srbije plans to install 10 hydropower plants on Ibar river tender

Photo: mike wolf from Pixabay


March 10, 2023






March 10, 2023





Power utility Elektroprivreda Srbije (EPS) plans to build ten hydropower plants on the Ibar river in a 55-kilometer stretch between cities Raška and Kraljevo, in the southwestern part of Serbia. The company has launched a tender for the preparation of investment and technical documentation for the construction.

The construction of ten hydropower plants (HPPs) on the Ibar river is known as the Ibarske Hidroelektrane project. It is not new, and EPS intended to implement it with Italy’s Seci Energia more than 13 years ago. In December 2010, the two companies established the joint venture Ibarske Hidroelektrane for the design, build and operation of the power plants.

Back then the total capacity of the power plant was projected at 103 MW, while the investment was estimated at almost EUR 300 million. The joint venture was closed in April last year.

The Ibar hydropower potential is one of the most important unused hydropower potentials in Serbia

Now, EPS said that the hydropower potential of the Ibar is one of the most significant untapped hydro potentials in Serbia. The deadline for submitting bids is April 12.

The adopted concept of using the potential of the Ibar river implies the construction of ten run-of-river hydropower plants, in line with the Spatial Plan of the Republic of Serbia and the Water Management Foundation of the Republic of Serbia, the company said.

EPS wants to establish the feasibility for the construction of the HPP system on the Ibar

EPS intends to build the following power plants: Lakat, Maglič, Dobre Strane, Bela Glava, Gradina, Cerje, Glavica, Ušće, Gokčanica and Bojanići.

The aim of the preparation of documentation is the create a foundation for the utilization of the hydropower potential of the Ibar river, with the appropriate development and protection of the river as a water, energy, traffic, cultural and tourist corridor, in order to create preconditions for the realization of national development goals.

EPS also wants to determine the spatial, ecological, social, financial, market and economic feasibility of the HPPs’ construction. The results of the studies will enable a decision on the continuation of the project, EPS added.

Construction should be financed with loans from international financial institutions

The prepared documentation will also serve as the technical basis for announcing a tender for the selection of contractors.

The construction contract would include the design and construction, with the starting point being the revised conceptual design, and the current environmental impact assessment study, the tender documentation reads.

EPS stated that it is likely that the construction will be financed with loans from international financial institutions, so the preparation of the documentation will create appropriate studies, which are usually a necessary condition for the loan agreement.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

dusan zivkovic eps general manager elektroprivreda srbije

Dušan Živković appointed as general manager of Elektroprivreda Srbije

15 June 2024 - The Supervisory Board of the joint stock company Elektroprivreda Srbije has appointed Dušan Živković as the general manager

Rezolv secures EUR 191 million loan for Vifor wind farm in Romania

Rezolv secures EUR 291 million loan for Vifor wind farm in Romania

14 June 2024 - The beneficiary of the loans is First Looks Solutions S.R.L., project subsidiary of Rezolv Energy and Low Carbon

eps transformation plan djerdap 1

Serbia’s power utility EPS adopts Transformation Plan

14 June 2024 - By adopting the Transformation Plan, Serbia has met an important structural benchmark within the framework of the arrangement with the IMF

bulgaria NEK pumped storage hydropower batak dospat

Bulgaria’s NEK gets help to prepare construction of two large pumped storage hydropower plants

14 June 2024 - The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 MW