| Project Detail |
An allocation of EPS Green Financing framework loan (2022-0716) to finance the rehabilitation of three hydropower units and related auxiliary and electrical systems by 2030. The powerplant is located inside Iron Gate II dam on the Serbian side of the Danube River.
Objectives
The operation is an allocation of the framework loan EPS Green Financing (EIB/20220716) which finances promoters key green investments in the electricity sector for the period 2024-2030 with a view to increase ultimately the national share of renewables to the target set by 2030. The operation fits into the Promoters "Go Green Strategy 2022-2035" and supports Serbias green transition by contributing to the modernisation of the existing portfolio of hydro power plants. The Project allocation aims at extending the useful life of three units at Djerdap 2 HPP by up to 30 years and increase their annual electricity generation, installed capacity power from 27 MW up to 32 MW and provide additional flexibility to the Serbian electricity transmission network by allowing more renewable energy sources to be connected.
Sector(s)
Energy - Electricity, gas, steam and air conditioning supply
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 90 million
Total cost (Approximate amount)
EUR 90 million |
