Six hydropower plants in North Macedonia are being rehabilitated
Financing agreements totalling 36.2 million euros were signed on February 23, 2023, for the rehabilitation of six hydropower plants in North Macedonia. The investment consists of €11.2 million in EU grants, a €25 million loan from the development bank KfW and €200,000 from the German government - all funds are channelled through the Western Balkans Investment Framework (WBIF). The investment will be completed in the next two years and is the third phase of the rehabilitation of six large hydropower plants, which provide between 20% and 30% of the country's total electricity production.
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