EBRD Considering Approving Loan of EUR 62 Million to EPS for Reconstruction of Vlasinske HPPs

The European Bank for Reconstruction and Development (EBRD) is considering a sovereign guaranteed loan of up to EUR 62 million in favor of Elektroprivreda Srbije AD Beograd (EPS), for the reconstruction of the existing hydro power plant ("HPP") Vlasinske, the EBRD announced.

Also, the Project will benefit from EUR 15.4 million of grant funding from the European Union (EU), via the Western Balkans Investment Framework ("WBIF"), approved in December 2022 and supported by the EBRD.

The Project aims at extending the useful life of the HPPs (128 MW) and increasing the installed capacity of the site by 8 MW, yielding approximately 310 GWh of increased production, as well as allowing for further development of the renewable energy in the country.

Proceeds of the loan will finance procurement of new generation units, accompanying auxiliary electromechanical systems of units and power plant, hydro mechanical equipment and control equipment for HPP consisting of four cascades, with the aim of replacing obsolete equipment.

Let us remind that EPS has recently submitted to the Ministry of Environmental Protection the Request for deciding on the necessity of the environmental impact assessment study of the project of the reconstruction of the production generators and auxiliary equipment for HPP Vlasinske.

The project pertains to the reconstruction of production generators, auxiliary and side electromechanical systems of the generators and the power plant, hydromechanical equipment and control equipment on the facilities of HPP Vlasinske: HPP Vrla 1, HPP Vrla 2, HPP Vrla 3 and HPP Vrla 4.

The reconstruction will allow the reliable and safe operation of Vlasinske HPPs for the next 30 years of operation, as well as increasing the installed capacity of the site by around 8 MW.

Vlasinske HPPs belong among the oldest HPPs within EPS.

EBRD Evropska banka za obnovu i razvoj Beograd

Elektroprivreda Srbije ad Beograd

European Bank for Reconstruction and Development

EBRD

Elektroprivreda Srbije

EPS

Vlasinske HPPs

HPP Vlasina

reconstruction of Vlasinske HPPs

revitalization of Vlasinske HPPs

HPP Vrla 1

HPP Vrla 2

HPP Vrla 3

HPP Vrla 4

production of electricity

overhaul of Vlasinske HPPs

turbines

generators