Slovenia's first pumped-storage hydropower project has begun operation, regional media reported.
The Avce hydro project, located in western Slovenia, is projected to generate about 426 GWh annually, reports indicate. The project cost about 122 million euros (US$164.5 million).
In 2007, the European Investment Bank (EIB) awarded 393 million euros (US$557.8 million) for energy projects in Slovenia, including a 13 million euro (US$18.4 million) loan to complete construction of the 185-MW Avce pumped-storage project.
For more hydropower news and information, click here