Renewables

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

Published

March 10, 2023

Country

Comments

comments icon

0

Share

Published:

March 10, 2023

Country:

Comments:

comments icon

0

Share

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

Greece DEPA Commercial financing 816 MW solar power portfolio

Greece’s DEPA Commercial obtains financing for 816 MW solar power portfolio

26 July 2024 - State-controlled DEPA Commercial received a EUR 390 million loan from the EIB for photovoltaic projects across Greece

serbia energy cooperative solar power plant elektropionir

First cooperative solar power plants in Serbia start production

26 July 2024 - The income from the sale of electricity will be used for projects proposed by the communities of the villages on the Stara planina mountain

faria renewables mykonos solar power plant

Faria Renewables acquires 35 MW Mykonos solar project

26 July 2024 - Faria Renewables S.A. has announced the integration of photovoltaic project Mykonos into its asset portfolio

Ameresco Sunel Energy 560 MW solar power Greece Lightsource bp

Ameresco Sunel Energy starts building 560 MW solar power plant in Greece for Lightsource bp

26 July 2024 - Ameresco Sunel Energy is the contractor in Lightsource bp's solar power project of 560 MW in peak capacity, in the central part of Greece