Why invest in Hydropower of Serbia - Hydropower Balkans
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Why invest in Hydropower of Serbia

This year the 3rd Hydropower Balkans Summit takes place in Belgrade, Serbia, 7-8 November. The Summit is held with the official support of national power utility Elektroprivreda Srbije. EPS is the owner of major part of generating capacities in the country. It also operates numerous investment projects including overhaul of Djerdap 1,2 HPPs and modernisation of Zvornik HPP.

Advantages of investing in hydropower in Serbia:



Serbia has the highest installed hydropower capacity in South-Eastern Europe: current installed capacity is totalling 2,835 MW;


In Serbia’s energy mix 21,2% is covered by hydropower plants where 2831 MW is installed hydropower capacity;

29% of the total electricity produced in Serbia is generated from hydro;

500 million euros will be invested in modernisation of hydropower plants by 2025 to prolong their service life for the next 30 years;

Serbia plans to install 438 MW of new hydropower capacities in order to achieve the energy target to cover 27% of its gross final energy consumption through the use of RE. Still and all unharnessed hydropower capacity is about 7000 GWh;

39 small HPPs with 49MW total capacity are now under operation in Serbia. Moreover, 856 potential locations for SHPPs were identified in Serbia;

In Serbia the most promising big, medium and small investment projects are located, including construction of 3 hydropower plants on the upper Drina river, construction of SHPP Celije and SHPP Rovni, overhaul of Djerdap 1, 2 HPPs and many other.

Investment Projects


Get the report on hydropower industry in Serbia


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Olga Zhogal

Project Director

+44 207 394 30 90 (London)



In March 2019 Serbia and Republika Srpska (RS) intend to jointly build the hydropower plant (HPP) Buk Bijela. The installed capacity of more than 180 MW, will equally contribute

to the energy stability of Serbia and the RS. HPP Buk Bijela will be built about 11.6 kilometres upstream from Foča. It is planned to be equipped with three hydro generators with

a total capacity of 93 MW, with the expected average annual electricity generation at around 330 GWh. The project would require an investment of EUR 193 million. Elektroprivreda Srbije (EPS) is currently reviewing the project for HPPs Buk Bijela, to be followed by determining the pace of implementation.


At the end of 2017, EP S announced its intention to overhaul 10 units of HPP Đerdap 2 over 10 years, to help ex tend the plant ’s lifespan and boost its capacity by 50 MW. EPS and Siloviye Mashiny are cooperating on the overhaul of HPP Đerdap 1. The overhaul began in 2009. In Jul y 2018, the t wo companies signed a contract on the modernization of the A2 and A3 units in or der to complete the revitalization of the entire HPP in 2021.


EPS (Serbian state-owned power utility) plans the construction of 2 small hydropower plants on existing dams – SHPP Celije and SHP P Rovni. The project is a part of the programme for reconstruction of SHPPs through the loan of EBRD. The programme encompasses the reconstruction of 15 SHP Ps with total installed capacity of 18 MW. The project also includes the supply of electrical and mechanical equipment and their installation. Once the tender documents are signed, the works will be completed within 62 weeks.