By Renewable Energy Focus staff
The JV company Moravske hidroelektrane d.o.o. will develop five run-of-river hydropower plants with an installed capacity of 30 MW each on the Morava river.
Construction of the first hydropower plant could start in 2014 after the positive outcome of feasibility studies and completion of the planning process.
The hydropower plants are projected to produce around 650 GWh of electricity annualy.
RWE Innogy has a stake of 51% in the JV company and EPS has 49%.
"While hydropower in Germany has only limited development potential left, the potential in Serbia and other countries of south-eastern Europe for both run-of-river and pumped-storage power plants is considerable. We aim to tap and use this potential by forming strategic partnerships, such as the partnership with EPS," says Prof. Fritz Vahrenholt, CEO of RWE Innogy GmbH.
EPS is a Serbian state-owned energy utility.