In late 2015, the state-owned electricity incumbent Elektroprivreda Srbije (“EPS”) announced its plan to develop a new 680 MW pumped-storage Bistrica hydro-power plant, in the vicinity of the existing Bistrica hydro-power plant (Southern Serbia). The importance and role of the Bistrica pumped-storage project would be particularly prominent on the regional energy market, in particular owing to the existence of upstream storage reservoirs on the Uvac river (Kokin Brod and Uvac), whose regulated water could be used for peak operation, together with the existing Bistrica hydro-power plant, with installed capacity of 104 MW. The first design documents are reportedly being prepared, and the investment is estimated at EUR 553 million. EPS is planning to implement the project by the end of 2020, and to fund it either from its own funds or through a loan. Similar projects of comparable scale are also announced and expected throughout Serbia in the coming years.
Apart from pumped-hydro projects, other renewable projects (being still in the nascent phase) are expected to result in electricity storage technologies being implemented. This particularly relates to the deployment of privately owned wind farms, which is expected to reach a capacity of 500 MW in total by the end of 2017.
In the area of energy efficiency, there are a number of energy performance contracting projects being prepared currently, mostly in the public lighting sector, with the arrangement typically being implemented through a public-private partnership between the relevant public entity (a city, a municipality or other public entity) and a private partner (typically, an ESCO company). In some of these projects (including the major one in Northern Serbia), various project’s modalities are being examined at present, some of them include the prospects for implementing pioneering electricity storage facilities to support the project, raise public awareness and test actual functioning of such facilities.
Battery technologies and electric vehicles are also generally expected to start developing in the following couple of years in Serbia. Some notable private companies have unofficially expressed their interest to enter the Serbian market in this specific sector (Phillips and Abengoa being examples). It has yet to be seen, however, whether the necessary changes to the existing regulatory framework would follow and actually allow for full feasibility of such market developments.
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