{"id":1051606,"date":"2023-03-03T13:00:35","date_gmt":"2023-03-03T12:00:35","guid":{"rendered":"https:\/\/webalkans.eu\/?p=1051606"},"modified":"2023-03-01T14:01:13","modified_gmt":"2023-03-01T13:01:13","slug":"energy-support-package-in-action-the-rehabilitation-of-six-hydropower-plants-in-north-macedonia","status":"publish","type":"post","link":"https:\/\/webalkans.eu\/en\/news\/energy-support-package-in-action-the-rehabilitation-of-six-hydropower-plants-in-north-macedonia\/","title":{"rendered":"Energy Support Package in action &#8211; The rehabilitation of six hydropower plants in North Macedonia"},"content":{"rendered":"<div>\n<p>Financing agreements totaling \u20ac36.2 million were signed on 23 February 2023, for the rehabilitation of six hydropower plants in North Macedonia. The investment consists of \u20ac11.2 million in EU grants, \u20ac25 million loan from the KfW development bank, and \u20ac200,000 from the German Government &#8211; all funds channeled through the Western Balkans Investment Framework (WBIF).<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div>\n<p>The investment will be completed in the next two years and is the third phase of the rehabilitation of six large hydropower plants (HE Vrutok, HE Vrben, HE Raven, HE Tikvesh, HE Shpilje and HE Globocica) that provide between 20% and 30% of the total electricity production in the country.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div>\n<p>The investments will extend the lifetime of the plants, increasing their generation capacity by 13.5 MW. Electricity production will increase by about 47.5 G The project is in line with the commitment of the Green Agenda for the Western Balkans to transition to clean energy and will contribute to the Energy Development Strategy of North Macedonia. This aims to reduce greenhouse gas emissions by 61% compared to 2005 levels and increase the share of renewable energy sources to 45% by 2040.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div>\n<p>The loan, grant and guarantee agreements were signed between KfW Head of the Division for Energy and Transport Southeast Europe and Turkey,<strong>\u00a0Pablo Obrador Alvarez<\/strong>; Minister of Finance of North Macedonia<span class=\"apple-converted-space\">\u00a0<\/span><strong>Fatmir Besimi;\u00a0<\/strong>and Director of the public company AD ESM &#8211; Skopje<span class=\"apple-converted-space\">\u00a0<\/span><strong>Vasko Kovachevski.<\/strong><span class=\"apple-converted-space\">\u00a0<\/span>The signature ceremony was attended by the European Ambassador<span class=\"apple-converted-space\">\u00a0<\/span><strong>David Geer<\/strong><span class=\"apple-converted-space\">\u00a0<\/span>and the acting ambassador of Germany in the country,<span class=\"apple-converted-space\">\u00a0<\/span><strong>Otto Graf<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div>\n<p>The project, identified as Flagship 4 &#8211; Renewable energy in the EU Economic and Investment Plan, is part of the European Commission\u00b4s effort to improve energy security in the region, and follows the adoption of the \u20ac1 billion<span class=\"apple-converted-space\">\u00a0<\/span><a href=\"https:\/\/www.wbif.eu\/storage\/app\/media\/Library\/12.%20Economic%20and%20Investment%20Plan\/WBIF%20Energy%20Support%20Package%20%20for%20the%20Western%20Balkans%202022.pdf\">Energy Support Package for the Western Balkans<\/a>. It is financed through the WBIF part of the package (\u20ac500m) that covers priority flagship investments to diversify energy supplies, boost renewable energy and improve energy efficiency.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Financing agreements totaling \u20ac36.2 million were signed on 23 February 2023, for the rehabilitation of six hydropower plants in North Macedonia. The investment consists of <\/p>\n","protected":false},"author":152227,"featured_media":1051607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"country-for-news":[53],"class_list":["post-1051606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","wb_theme-connectivity","country-for-news-north-macedonia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Energy Support Package in action - The rehabilitation of six hydropower plants in North Macedonia News | WeBalkans<\/title>\n<meta name=\"description\" content=\"Energy Support Package in action - The rehabilitation of six hydropower plants in North Macedonia\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/webalkans.eu\/en\/news\/energy-support-package-in-action-the-rehabilitation-of-six-hydropower-plants-in-north-macedonia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Support Package in action - The rehabilitation of six hydropower plants in North Macedonia News | WeBalkans\" \/>\n<meta property=\"og:description\" content=\"Energy Support Package in action - The rehabilitation of six hydropower plants in North Macedonia\" \/>\n<meta property=\"og:url\" content=\"https:\/\/webalkans.eu\/en\/news\/energy-support-package-in-action-the-rehabilitation-of-six-hydropower-plants-in-north-macedonia\/\" \/>\n<meta property=\"og:site_name\" content=\"WeBalkans | EU Projects in the Western Balkans\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/webalkans.eu\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-03T12:00:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/webalkans.eu\/wp-content\/uploads\/2023\/03\/12.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"650\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"007designstudio@gmail.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@WeBalkans\" \/>\n<meta name=\"twitter:site\" content=\"@WeBalkans\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"007designstudio@gmail.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/webalkans.eu\/en\/news\/energy-support-package-in-action-the-rehabilitation-of-six-hydropower-plants-in-north-macedonia\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/webalkans.eu\/en\/news\/energy-support-package-in-action-the-rehabilitation-of-six-hydropower-plants-in-north-macedonia\/\"},\"author\":{\"name\":\"007designstudio@gmail.com\",\"@id\":\"https:\/\/webalkans.eu\/en\/#\/schema\/person\/95a8ea19ef21de3b7766e9b65ffdb4da\"},\"headline\":\"Energy Support Package in action &#8211; 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