Europe: Major investment projects for the construction and modernization of Hydropower Plants in the Balkans

A team of analysts from Vostock Capital has prepared a report on hydropower development projects in the Balkans.

Among the major investment projects:

  • Kosinj/Senj development project (Republic of Croatia)

Project envisages reconstruction of the Sklope HPP and the construction of new facilities: the Kosinj reservoir (vol. 330 mil m3), the Kosinj HPP (33.7 MW) and the Senj II HPP (380 MW). Additionally, several tunnels and canals are to be constructed. The compensation basin will be enlarged with a new basin to ensure additional volume of ca 2.1 million m3. The estimated investment is EUR 500 million and the envisaged construction period is 7 years.

  • Cebren and Galiste HPPs (Republic of Macedonia)

The Macedonian government has decided to set up a working group to provide recommendations on the construction of the Cebren and Galiste HPPs. The project is estimated to cost  EUR 220 million, and the HPPS will have capacity of 333/347MW and 193.5MW, respectively.

  • Vrilo HPP (Bosnia and Herzegovina)

EPHZHB held a groundbreaking ceremony for the Vrilo pumped-storage hydropower plant on the Šuica sinking river near Tomislavgrad on 16 July 2018. The Vrilo pumped-storage hydropower plant to be built in an investment worth EUR 89.1 million, is designed to have two units with a total installed capacity of 66 MW, with operations planned to begin in 2023.

Request the full list of investment projects:

Please note that these and other investment projects will be highlighted at the 2nd International Summit and Exhibition “Hydropower Balkans 2018” (November 6-8, Budva, Montenegro).
If you would like to participate in the summit as a sponsor, exhibitor, speaker or delegate, or if you have any comments, please use the contact info below.

Contact person: Forum Director Milana Stavnaya
Tel. +44 207 394 3090



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