Primary countries of interest in SEE region are countries of the south Caucasus and Western Balkans. The portfolio may include selected projects from other European countries.

The region has large unused hydro potential and rapidly increasing local electricity consumption. As the region has the highest growth rate compared to rest of the Europe, it is necessary that new capacities meet this growth in demand. The region is also close to major consumers such as EU countries, Russia and Turkey.

The target investment size will be determined according to the risk balanced in a diversified portfolio. Except for urgent investments in new generation capacities, other priority needs in SEE region are enhancing interconnections, efficiency of power generation, diversification of energy sources, as well as developing a regional market and compatible market rules for the region.

Active projects

Lopota river Georgia

The group acquired Lopota HPP in July 2017 and operates the HPP with the generic team. The HPP is located in Georgia, Kakheti region, on the river Lopota. The construction of SHPP Lopota started in 2003 with an acquired debt financing from EBRD and the Bank of Georgia.
The project consist of two horizontal axis units of 900 KW with “Francis” frontal type, RO82-ГМ-59 hardware model turbine and СДН2-16-49-6У3 model synchronic electric engine (as generator) are installed in the power house. The net head 56.0m and the designed water discharge 4.1 m3/s, installed capacity of HPP equals 1800kW and the annual power output estimated to 6.0 GWh/yr.
The civil structures consist of the earth weir 32.8 m long with facing from precast reinforced concrete assembling plates and performs spillway function, side intake structure, sand-trap, the forebay with the flat gate, the trash rack, the headrace pipeline, surge tower and penstock. The intake structure has 1 weir gate (flushing sluice), 2 intake hole with the trash rack and 2 gate and its run of the river operating.

Dzama river Georgia

The group acquired Lopota HPP in July 2017 and in August 2018 we kicked off the construction of the new HPP. In 1960th Dzama HPP was used for energy providing to 10 villages of Kareli district, two car-tractor stations and partly Agara-sugar factory.
The construction was finished in 1945. One horizontal axis units of 220 KW with “Francis” frontal type, RO82-ГМ-59 hardware model turbine and СДН2-16-49-6У3 model synchronic generator was installed, the net head was 22.5 m and the designed water discharge 1.25 m3/s, while the rated annual output was estimated to 1.4 GWh/yr.
The civil structures consist of the 26 m weir with the side intake structure, the derivation channel, the forebay and penstock, flat gate and the trash rack. The intake structure has one weir gate (flushing sluice), one intake hole with the trash rack and one gate. The rubble masonry headrace channel is 1.7 km long, rectangular shape and designed discharge capacity of 1.25 m3/s. The channel ends at a forebay, which consists bottom/flushing outlet with gate, one trash rack and one intake gate to the penstock. The steel penstock have a diameter of 900 mm and a 62 m length.
The powerhouse is in one level. The operation of the plant is of “run of river” mode. The staff of the plant will be 15 persons in total. After rehabilitation we will get 1 MW installed capacity with an average annual generation 4.5 mln GWH.

Ghvanana river Georgia

The group started the development of new SHPP on river Ghvanana in July 2018. A tributary of Dzama river (SHPP Dzama) using hydro potential of the river between settlements Zghuderiand and Vedreba.

Ghvanana river located just upstream of the Dzama HPP weir and intake location of SHPP Dzama located on the tributary river called Gvanana that comes from right side. The river comes from surrounding mountain and hill area with peaks of between 1300 and even 1600 masl (meter above sea level). It’s very obvious that the river has significant head potential in quite shoRt distance as well as good hydrology potential.

The total head on this river is about 4 km amounts 144,6 meters. That means the average inclination of 3,6%. For comparison: the inclination on river Dzama for the SHPP Dzama project amounts as 1,3%.

Additional Projects

Ecology HPP


Morava river Serbia

River Zapadna Morava – Serbia
61 KM cross section in Trstenik municipality territory and the watershed in neighboring municipalities Vrnjačka Banja and Kruševac.

Municipality NameProject nameCapacity in MW
Trstenik Medvedja10.6
Vrnjacka BanjaVrnjacka Banja10
Vrnjacka Banja Novo Selo10
Vrnjacka Banja Vranesi10
KrusevacKukljin 111.77
Krusevac Kukljin 210.63

Okstuni HPP

Under construction RCC dam.