Learn more about Small Hydro Power Plants

Small Hydro Power Plant provides steady, secure and local electricity.
Small hydro power plays a key role in greenhouse gas emissions reduction through green energy production.
Small Hydropower Plant potential in the Republic of Macedonia
  • According to an assessment prepared by the International Finance Corporation (IFC), the technically feasible potential of SHPPs includes 200 sites with installed capacity of 230 MW, with an annual production of about 990 GWh and with total required investment of about EUR 460 million.

  • According to the Government policy, concessions for construction of SHPP were or will be awarded for 402 sites.

  • So far, 5 tenders for concession of SHPP locations were conducted, 66 concession agreements were concluded with investment value of 110 mil. EUR.

  • In the actual, 6th tender,  80 sites are offered. The tender will be open until 19 of May. The Ministry of Environment and Physical Planning has the overall mandate to prepare, publish and carry out the tender procedure.

Some facts about Republic of Macedonia
The Republic of Macedonia is a landlocked country, located in the Balkan peninsula in Southeast Europe. It borders Serbia to the north; Albania to the west; Bulgaria to the East; Kosovo northwest; and Greece to the South.

Surface area:
25,713 km2 (9,779 square miles)
Why Invest In SHPP In Macedonia
  • So far, 5 tenders for concession of SHPP locations were conducted, 66 concession agreements were concluded with investment value of 110 mil. EUR.

  • Feed-in tariffs range from 45 to 120 EUR/MWh

  • Concessions are offered for 23 Years.

  • 10% Flat Corporate Income Tax rate.

  • Possibility of VAT refund

  • Construction costs are the lowest in the region

  • Full electricity market liberalization by 2015.

  • IRR on SHPPs in Macedonia can vary between 8% and 14%.

  • Energy demand is expected to grow by 2.6 percent annually over the next decade

  • Energy Development Strategy until 2030

  • Strategy for utilization of RES until 2020

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