50 million euros investment in Fierza HPP - Bilali: Interventions enable 30 additional years of operation for the hydropower plant
The Committee for Europe and External Affairs has approved a 40 million euro loan for the rehabilitation of the Fierza hydroelectric power plant, one of the most important power plants in the country.
The loan will be taken from the German KfW, while the financing extends the previous agreement of 2022, which contained the original KfW loan and accompanying grants.
"These interventions will contribute to extending the life of the plant for at least 30 years and increasing its overall efficiency, in line with national strategies for sustainable energy," said Edona Bilali, Deputy Minister of Infrastructure and Energy.
The intervention costs are over 50 million euros, with the rest covered by a grant from the Western Balkans Investment Framework. They include additional electromechanical components, upgrading real-time monitoring systems and optimizing equipment for higher operational efficiency.
Meanwhile, the lack of comprehensive interventions so far has had significant consequences. According to data included in the accompanying report, the hydropower plant's production capacity has been reduced by about 4% per year, corresponding to a loss of 53,123 GWh per year, which translates into a loss of revenue of about 2,656 million euros for the electricity sector.
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