Government Agreeing Financing of Reversible Hydro Power Plant Bistrica with Japanese Agency JICA

Deputy Prime Minister and Minister of Finance Sinisa Mali yesterday handed over a Letter of Intent to Ambassador of Japan to Belgrade Takahiko Katsumata, in which the government's will to further improve the partnership with the Japan International Cooperation Agency (JICA) is highlighted through the financing of the reversible hydroelectric power plant Bistrica.

During the farewell visit of the Japanese Ambassador, Mali explained that it was a strategically important project that increased the share of renewable energy sources in Serbia, one of the priorities, and also enabled the balancing of production and storage of electricity, as announced on the website of the Government of Serbia.

The Letter of Intent highlights the commitment of the Ministry of Finance, the Ministry of Mining and Energy and Elektroprivreda Srbije to finding the best financial and technical solutions for the effective implementation of this project, which is foreseen in the 2023 Budget Law, he said.

The officials agreed that recent years in the world had shown that further investments in energy and so-called clean energy were necessary. Mali noted that the government was preparing an investment plan in that area, as well as a comprehensive strategy, in which one of the most important projects was the construction of the reversible hydroelectric power plant Bistrica.

Mali and Katsumata agreed that Japan had valuable experience in projects in the field of improving environmental protection, and that in that sense the Japanese experience was valuable.

Ministarstvo finansija Republike Srbije

Ambasada Japana Beograd

Ministarstvo rudarstva i energetike Republike Srbije

Elektroprivreda Srbije ad Beograd

Japan International Cooperation Agency - JICA Tokyo

Ministry of Finance

Embassy of Japan in Belgrade

Ministry of Mining and Energy

Elektroprivreda Srbije

Japanese International Cooperation Agency

JICA

Takahiko Katsumata

Sinisa Mali

hydro power plant Bistrica

construction of reversible hydro power plant Bistrica

financing of reversible hydro power plant Bistrica