Serbia gets 212 small hydroelectric power stations

By signing a Memorandum of Understanding with the representatives of 15 municipalities and investors, the Energy Ministry today finished the procedure of allocating 212 sites for the construction of small hydroelectric power stations in Serbia.

If all these small hydroelectric power stations are completed on schedule, Serbia will get about 1,000 new jobs and a new capacity of 80 megawatts over the next three years, said Dejan Trifunovic, assistant to the Energy Minister.

After signing the MoU, he said that 173 investors had applied for the pilot project initiated by the Energy Ministry on February 19th, adding that over 1,460 applications had been submitted by April 5th.

Of 317 locations offered, 212 are allocated to investors, 62 failed to attract bids, whereas draft projects for 60 sites were rejected, Trifunovic explained.

He noted that 90 investors, including 26 from abroad, obtained locations in 17 municipalities.