Veles is a 93MW hydro power project. It is planned on Vardar river/basin in Eastern, Macedonia. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2026.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Hydropower | 93 | – | 93 | Announced | Eastern, Macedonia | China International Water & Electric; Elektrani na Severna Makedonija |
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Description
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The project is being developed by China International Water & Electric and Elektrani na Severna Makedonija. These companies also have ownership stakes in the project.
Veles is a reservoir based project. The net head of the project will be 53.5m. The project is expected to generate 300 GWh of electricity. The project cost is expected to be around $293.979m.
The hydro power project consists of 3 turbines, each with 31MW nameplate capacity.
Development Status
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By GlobalDataThe project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2026.
About China International Water & Electric
China International Water & Electric Corp (CWE), a subsidiary of China Three Gorges Corporation, is a state-owned enterprise that provides contracting and investment services. CWE invests in construction of various water and hydropower projects across the countries. It also develops infrastructure projects including sewerage treatment, building construction, port dredging, and municipal infrastructure construction, transformation stations, substations, transmission lines, electrification projects. The company also constructs highways, expressways, bridges and road rehabilitation, and highway upgrading. CWE carries out water supply, irrigation, and other projects. The company operates across Central and Eastern Europe, Africa, Asia and Latin America. CWE is headquartered in Beijing, China.
About Elektrani na Severna Makedonija
Elektrani na Severna Makedonija AD (ELEM) formerly known as Elektrani na Makedonija, is a state-owned energy utility company. The company generates and supplies electricity. It operates as the pillar of energy system in Macedonia. ELEM generates electricity by using various sources, including hydro, thermal energetic recourses, coal, renewable energy sources such as solar and wind energy. The company operates various thermoelectric power plants, hydropower plants and wind mill across Macedonia. ELEM also operates coal mines for electricity, namely, Oslomej, Suvodol, Brod-Gneotino and Zivojno. The company through its subsidiaries also involves in tourism, catering, recreation, supply of thermal energy, equipment manufacturing and maintenance activities. ELEM is headquartered in Skopje, Macedonia.
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Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
