Bank seeks study update of proposed 680-MW Bistrica Pumped-Storage project

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The World Bank invites expressions of interest from consultants to perform updated market and financial studies for the 680-MW Bistrica Pumped-Storage project proposed for Serbia’s Uvac River. Responses are due September 15.

Bistrica Pumped-Storage is proposed by utility Elektroprivreda Srbije to be built near the existing 104-MW Bistrica hydro project as part of the National Renewable Energy Action Plan.

The project would have energy storage capacity of about 60 GWh to assist the western Balkan countries with balancing, ancillary services and renewable energy integration under the Energy Community Treaty of South-East Europe. The World Bank recruited consultants last year to support water resources management in the Drina River Basin of the Balkans.

The current solicitation is for consultants to update Bistrica Pumped-Storage’s previous analysis of financial viability, which was based on different circumstances, under the framework of a fully state-owned and operated power system.

The assignment includes revision of balancing and ancillary services market rules in Serbia and the region, a long-term demand and energy services price forecast, preparation of a financial model for the project, and capacity building for an Elektroprivreda team.

Expressions of interest and qualifications, in English, are due September 15, electronically via the World Bank’s eConsultant2 Internet site, A solicitation notice is available on the website under Business Opportunities, Selection No. 1158242.

A short-list of firms will be invited to submit proposals.

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