North Macedonia to reconsider strategic partnership model for Čebren, gas-hydrogen power plants

north macedonia kovacevski prime minister cebren general electric

Photo: Government of North Macedonia/Flickr


January 12, 2024






January 12, 2024





The Ministry of Finance of North Macedonia will analyze whether it is more profitable to construct the Čebren pumped storage hydropower plant and two gas-hydrogen facilities with its own funds or with strategic investors, Prime Minister Dimitar Kovačevski said.

Ten days ago the Minister of Environment and Spatial Planning Kaja Šukova said the Government of North Macedonia would annul the tender in which Greece-based Public Power Corp. (PPC) and Archirodon were selected for the Čebren project. Just two days ago, the government tasked state-owned power company Elektrani na Severna Makedonija (ESM) with starting negotiations with a potential strategic partner on the Negotino and Bitola gas-hydrogen power plant projects.

Prime Minister Dimitar Kovačevski now said that an analysis is required on how much the investments would burden the public debt compared to the option of involving private companies, MIA news agency reported.

The Society of Engineers asked the government and parliament to adopt a law stipulating that Čebren would be built with state funds

The profitability of both options needs to be determined to decide whether the government will implement the projects or add private investors, he stressed. From a financial point of view, in his words, it is good to have a private investor, because the public debt is not increasing.

Kovačevski pointed out that he respects the opinion of the Society of Engineers, which yesterday submitted an initiative to the government and parliament to adopt a law stipulating that Čebren would be built with state funds.

Kovačevski: It is best to build gas-hydrogen-fuelled power plants with General Electric

The Ministry of Finance, which is in constant contact with the International Monetary Fund (IMF) and the World Bank, will analyze whether it is better to build the energy facilities using state funds or with the help of a private investor, Kovačevski said.

He stressed that, in his view, the power plants that will be able to run both natural gas and hydrogen should be built with General Electric from the United States, and claimed that the country is North Macedonia’s best friend, compared to all others. Cooperation with a partner from the US  would provide long-term stability and security in the energy sector, Kovačevski added.

Still, Kovačevski stressed it is his personal opinion and that there would be many opinions in the runup to the final decision.

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

North Macedonia government Sanja Bozinovska energy

North Macedonia gets new government – Sanja Božinovska is in charge of energy

24 June 2024 - New Minister of Energy, Mining and Mineral Raw Materials Sanja Božinovska indicated that North Macedonia would revise four proposed strategic partnerships

Premier Energy Motor Oil joint venture hybrid power plants Romania

Premier Energy, Motor Oil launch joint venture for hybrid power plants in Romania

24 June 2024 - Premier Energy established a firm in Romania with Greece-based Motor Oil that bought two PV projects of 86 MW in total, with storage

Turkish firm mature PV 214 MW Romania Econergy

Turkish firm buys mature PV project of 214 MW in Romania from Econergy

21 June 2024 - Entek Elektrik's subsidiary Enspire Enerji took over a 214 MW solar power project in Romania from Israel-based Econergy


Cascading power grid failure causes blackout in BiH, Montenegro, Albania, Dalmatia

21 June 2024 - Overloads in key electricity interconnections led to unprecedented outages in BiH and Montenegro today while the power was out in much of Croatia and Albania as well