Green megawatts for about 30,000 households

Financing of the First EPS’ Wind Farm Determined

An agreement was signed in the Government of Serbia which determined the financing of the project for the construction of Kostolac Wind Farm with a capacity of 66 MW, financed by a loan from the German KfW Bank, the European Union through the Western Balkans Investment Framework (WBIF) and the funds of Joint Stock Company Elektroprivreda Srbije.

The value of Kostolac WF project is EUR 144 million. The European Union will provide EUR 30 million non-refundable, EPS allocates EUR 32.2 million, while the KfW concessional loan is EUR 80 million, and the grant provided by that bank is EUR 1.8 million.

Kostolac WF is the first pilot project of Elektroprivreda Srbije in the field of wind power electricity generation. Its 20 wind turbines will be sufficient to supply around 30,000 households with green energy, and they will be located on the site of exhausted open cast mines and landfills of Kostolac TPPs-OCMs.

The agreement was signed by Dušan Živković, acting general director of EPS, Dubravka Đedović Handanović, minister of mining and energy, and Carsten Sandhop, KfW office director. Signing was attended by Emanuele Giaufret, the EU Ambassador to Serbia, and Anke Konrad, the Ambassador of the Federal Republic of Germany.

- We expect that the Kostolac wind farm will be connected to the grid and start supplying green energy to our citizens in Q1 2025. In the same period, EPS's Petka solar power plant, with a capacity of 9.75 MW, should be completed. All three new power plants in Kostolac - Kostolac B3 TPP, Kostolac Wind Farm and Petka SPP are part of the large investments in the power system planned for the coming years, and which will be completed before EXPO 2027 - minister Đedović Handanović stated.