Mihajlović: Serbia preparing projects for two pumped-storage hydropower plants


Đerdap (photo: Stevan Aksentijevic from Pixabay)


September 2, 2022






September 2, 2022





Serbia is putting together project and technical documentation for the construction of two pumped-storage hydropower plants, Bistrica and Đerdap 3, said Mining and Energy Minister Zorana Mihajlović, adding that the first phase of the Đerdap 3 project could be completed by 2025.

Đerdap 3, according to Mihajlović, should have an installed a capacity of 2,200 MW, with a solar power plant and a wind farm with a total capacity of 200 MW built in its vicinity. The hybrid pumped-storage power plant would be built in phases, with the first, 600 MW phase expected to be finished by 2025, she said in an interview with Beta news agency.

The construction of Đerdap 3 should cost EUR 2 billion, but the exact figure will be known next year, once the documentation is completed, she said. After that, Serbia can look for financing for the project, she said.

Natural gas and electricity imports could cost EUR 5 billion this winter

She noted that the price of electricity for businesses in Serbia has been raised to EUR 95 and that this was the only way to ensure energy security. Elektroprivreda Srbije (EPS) is a state-owned power utility, and the state cannot afford to import electricity, she noted.

So far EPS has spent EUR 1.5 billion on electricity imports, but additional funding will have to be provided by the state, perhaps by reducing other investments.

Until recently, the projected cost of gas and electricity imports for the period until March next year was EUR 3 billion, but it has now been raised to up to EUR 5 billion due to electricity price hikes.

EPS can regain its footing once it builds pumped-storage hydropower plants Đerdap 3 and Bistrica, she said, adding that the state power utility needs to forge strategic partnerships on renewable energy sources and hold stakes of over 50% in such projects.

The ministry recommends EPS to look for strategic partners

The Ministry of Mining and Energy has recently proposed a set of recommendations for reducing electricity and heat consumption.

The recommendation for EPS is to initiate procedures to select strategic partners on the construction of renewable energy power plants.

Basically, EPS should seek to become a 100% or majority (over 50%) owner of renewable energy projects. The proposed model, envisaged by the law on renewable energy sources, involves issuing a public call to private investors to become EPS’ strategic partners under terms defined by the Government of Serbia and EPS, according to the ministry.

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

22 countries COP28 tripling nuclear capacity by 2050

22 countries commit at COP28 to tripling nuclear capacity by 2050

04 December 2023 - At COP28, heads of state and other top officials from 22 countries signed the Declaration to Triple Nuclear Energy by 2050

Mitsotakis In face climate devastation new Greece emerging

Mitsotakis: In face of climate devastation, new Greece is emerging

04 December 2023 - Highlighting this year's catastrophic wildfires and floods, PM Kyriakos Mitsotakis said at COP28 that a new Greece is emerging nevertheless

federation bih electrcity prices 2024 cap

Electricity price growth for businesses in FBiH capped at 20% for 2024 – prime minister

01 December 2023 - The Government of the Federation of Bosnia and Herzegovina has declared a state of power supply emergency for 2024

slovenia fee municipalities wind farms

Municipalities in Slovenia to get EUR 200,000 per MW of installed wind farm capacity

01 December 2023 - Incentives are another attempt to speed up wind farm projects in Slovenia, which hosts only three wind turbines