Revitalization of Vlasina Hydropower Plants to begin – Project value EUR 109.7 million

The implementation of the revitalization project of Vlasina Hydropower Plants worth EUR 109.7 million has officially begun with an introductory meeting of representatives of Elektroprivrada Srbije with contractors and supervision. The contractor will be the company Energotehnika Juzna Backa, the suppliers of the main equipment for the generators will be Andritz Hydro and Gamesa Electric, and the subcontractor will be Gosa montaza.

The Mihajlo Pupin Institute is responsible for the reconstruction and modernization of the control system, and the Swiss-Serbian consortium Gruner-NET Invest is responsible for supervision of the project. Financing was provided through a loan from the European Bank for Reconstruction and Development (EBRD) in the amount of EUR 67 million, a grant from the European Union of EUR 15.43 million, disbursed through the Western Balkans Investment Framework (WBIF), and EPS’s own funds of EUR 27.26 million.

– Since the continuation of the modernization of hydro capacities is of strategic importance, EPS as an investor expects compliance with the planned deadlines and maximum engagement of all participants. Although the power of the Vlasina HPPs is 129 MW, it is a very complex project, because the system includes four power plants with 10 aggregates, which have been in use for more than seven decades. Upon completion of the works, the power plant will have not only greater power, but also decades of reliability – said Dusan Zivkovic, CEO of EPS.

Vlasina HPPs, unique power plants in the EPS portfolio, operate in a cascade system and, by producing energy four times in a row, represent a significant source of “peak” energy.

– The Ministry of Mining and Energy will strive to provide institutional support, as it has done so far, so that the modernization of the Vlasina HPPs, which are the pearl of our electric power system, can be completed in the right way. In addition to its importance in terms of security and safety of supply, the project certainly has wider significance for the local population and the economy of the entire south of Serbia – said Milan Aleksic, advisor to the Minister of Mining and Energy.

Elektroprivreda Srbije ad Beograd

MVM Južna Bačka doo Novi Sad

Goša Montaža doo Beograd

Institut Mihajlo Pupin doo Beograd

EBRD Evropska banka za obnovu i razvoj Beograd

Vlasina Hydropower Plants

Elektroprivreda Srbije ad Beograd

Energotehnika Južna Bačka

Andritz Hydro

Gamesa Electric

Goša montaža

Mihajlo Pupin Institute

Gruner NET Invest

European Bank for Reconstruction and Development

EBRD

revitalization of Vlasina Hydropower Plants