Serbian utility Elektroprivreda Srbije (EPS) has announced a 656 million US Dollar investment program aimed at increasing the output capacity of its hydroelectric power and thermal generating fleets, reports “HydroWorld.com“.

The state-owned company has already completed an upgrade of the 382 MW Bajina Basta hydropower plant, while overhauls of the 1,050 MW Djerdap 1 and 96 MW Zvornik projects are still ongoing, says the report. EPS also signed a supplementary agreement with Russia‘s Power Machines in June 2009 to supply one turbine and generator for Djerdap 1, in addition to rehabilitation survices for its original five units. The initiative supports the Serbian government‘s European Union accession process efforts by helping the Balkan country meet renewable generation obligations.