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The Government of the Republic of Serbia

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EC approves aid for reconstruction of HPP “Bistrica”

Belgrade, 4 August 2023

The Ministry of Mining and Energy announced that the European Commission, through the Investment Framework for the Western Balkans (WBIF), granted our country €8.44 million in non-reimbursable aid in the field of energy.

These funds will be used to finance the reconstruction of HPP “Bistrica” and the preparation of a Feasibility Study with an Environmental Impact Assessment for the Central Balkan Corridor project.

For the reconstruction project of HPP “Bistrica”, “Elektroprivreda Srbije” (EPS) was approved €7,722,671 million of investment grant, which covers about one fifth of the estimated value of the investment, which is €36.1 million.

Minister of Mining and Energy Dubravka Djedovic pointed out that project-technical and spatial documentation has been prepared for this project, construction permits have been obtained, and the start of the works is planned for the second half of next year.

For the preparation of a Feasibility Study for the Central Balkan Corridor project with an environmental impact assessment, which involves the construction of a new transmission line that would connect central Serbia with the region of Kostolac, and in the second phase, the connection of Serbia and Bulgaria with a new 400 kV transmission line and the construction of new transmission lines that would connect the eastern and western Serbia, €724,482 has been allocated, and the beneficiary of the funds is EMS.

The funds for the rehabilitation of HPP “Bistrica” were allocated within the eighth call for investment grants of the Investment Framework for the Western Balkans (WBIF), while for the preparation of the Feasibility Study with environmental impact assessment for the Central Balkan Corridor project, the funds were allocated from the 29th call for technical assistance WBIF.