Prime Ministers of Serbia and Republic of Srpska (B&H) signed a joint statement on construction of the “Gornja Drina” hydropower system

On November 11th, 2020 in Banjaluka was signed a joint statement on construction of the three hydropower plants in the upper part of the Drina River watercourse (“Buk Bijela” HPP, “Foča” HPP and “Paunci” HPP), which together constitute the “Gornja Drina” hydropower system. The estimated system implementation cost amounts to approximately EUR 520 million. The project shall be implemented by the “HES Gornja Drina” company, which was established by merging of the companies “Hidroelektrana Buk Bijela” (“Buk Bijela hydropower plant”) and “Hidroelektrane Foča i Paunci” (“Foča and Paunci hydropower plants”) in September 2019. Owners of the present company are “Elektroprivreda Srbije” (“Electric Power Company of Serbia”, 51%) and “Elektroprivreda Republike Srpske” (“Electric Power Company of Republic of Srpska”, 49%).

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