Cooperation between RWE in EPS in hydro-energy projects has begun

Elektroprivreda Srbije (EPS) and a German energy company RWE have begun their mutual cooperation. Elektroprivreda Srbije reported that the activities are taking place in compliance with the Memorandum of understanding between the two companies concluded on 16 November 2009. This Memorandum envisages mutual development of projects for the reversible hydropower plant Djerdap 3, and for the hydropower plant systems on Velika Morava and Gornja Drina.

• RELATED ARTICLES
• 22.12.2009 Interest for power plant construction in Serbia is growing rapidly
• 21.12.2009 Skundrić – 9 billion euro to be invested in Serbia’s energy sector in the forthcoming 5-7 years
• 31.03.2010 Italian companies approach specific projects of investing into the energy of Serbia and the Balkans
• 25.03.2010 Beginning of a major investment cycle in Serbia
• 22.02.2010 Negative reactions in Serbia towards feasibility study for construction of “Italian” hydropower plants on Ibar river

The principles of work on the projects have been harmonized and joint working bodies have been formed. EPS says that two operational meetings have taken place so far, during which the most important issues regarding these projects were discussed and the initial obligations of both parties were defined.

PHOTO: TEŠ archive

The experts of EPS and RWE were discussing the details related to the financing of the preliminary justifiability studies, the general hydropower plant project, and the method of adopting these studies. The Gornja Drina project will become a point of interest when the legal requirements for its implementation will be met in Republika Srpska.

According to EPS, all these works, however, do not have anything in common with the invitation to tender for construction of two thermal power blocks with the total capacity of 1400 megawatts (Thermal power plant Kolubara B and Thermal power plant Nikola Tesla B3), which is in progress and in which RWE is one of the possible strategic partners of EPS, and it is not related to privatisation of EPS either. This is about implementation of the projects that will, after their completion, become producers of electricity. The Director General of EPS Dragomir Markovic announced that the total value of the projects which will be realized together with RWE will amount to about five billion euros.

“The subject of the signed Memorandum with RWE consists of three important projects: construction of reversible hydropower plant Djerdap 3 with capacity of 2400 MW for which EPS is going to, together with RWE, elaborate a pre-investment study and a basic design; the second project is a water management project on Velika Morava; and the third one envisages construction of four hydropower plants in the upper part of Drina with the total capacity of about 300 MW, the implementation of which will be based on a concession obtained by Elektroprivreda Republike Srpske ( ERS) that will also be involved in this project,” said Markovic.

Share: