With a capacity of 628 MW and an estimated value of some 1 billion euro ($1.1 billion), RHPP Bistrica will be the largest new energy facility in the country that will be of major importance for balancing and storing electricity, Djedovic Handanovic said in a statement earlier this week.
The design study and the feasibility study for the plant have already been drafted, and work is in progress on the spatial plan and the environmental permit, the statement added.
RHPP Bistrica is expected to generate up to 140 million euro in annual revenues for state-owned power utility EPS, according to energy ministry estimates.
In January, Djedovic Handanovic said that Japan International Cooperation Agency (JICA) is interested in financing the RHPP Bistrica project.
EPS said earlier that Bistrica RHPP will comprise four units of 628 MW in total installed capacity, with planned annual generation of some 1,100 GWh. The multipurpose facility will benefit from the operations of a pump-turbine unit. Its flexibility and storage capacity will significantly contribute to the security of power supply and decarbonisation of Serbia, and the region.
Bistrica RHPP will be located on the Uvac/Lim river basins in western Serbia.
($ = 0.931 euro)