EBRD boosts small hydro development in Macedonia

The European Bank For Reconstruction and Development will lend Macedonia 6 million euros (US$8.7 million) for small hydropower plant development, news agencies reported.

Macedonian PCC Hydro DOOEL Skopje, a renewable energy company owned by German PCC DEG Renewables GmbH, will get the loan for four small hydro plants with a total capacity of 4.1 MW, wire services reported.

PCC DEG Renewables GmbH, a joint venture between German company PCC SE and DEG-Deutsche Investitions-und Entwicklungsgesellschaft mbH, plans to build small hydroelectric power plants in Macedonia, Bulgaria and Bosnia with a total capacity of 16 MW over the next two years, reports indicate.

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