Serbia produces 62% of the country’s electricity from low-quality lignite and nearly 30% from hydropower, with a small percentage coming from wind and solar.
The Vlasina hydropower system was constructed in two stages, 1946-58 and 1972-77, with an installed capacity of 128 MW, but the output is currently only 60-80 MW. This project will replace all generation units, electromechanical and hydromechanical systems and control equipment. These investments will ensure a reliable and safe operation of the cascade over the next 30 years, with an output of 136 MW, significantly improving the stability of the electricity system. The plants are expected to produce 309 GWh annually, equivalent to the energy demand of 93,000 households.
The EU co-funds the investments under Flagship 4 - Renewable energy - of the Economic and Investment Plan for the Western Balkans through the WBIF.
| WBIF | Grant | WB-IG07-SRB-ENE-02 | € 16,000,221 |
| EBRD | Loan | € 67,000,000 | |
| National Contribution | Own Contribution | € 150,000 | |
| Total | € 83,150,221 | ||
| Total Grants | € 16,000,221 | ||
| Total Loans | € 67,000,000 | ||
