• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Bankwatch

  • About us
    • Our vision
    • Who we are
    • 30 years of Bankwatch
    • Donors & finances
    • Get involved
  • What we do
    • Campaign areas
      • Beyond fossil fuels
      • Rights, democracy and development
      • Finance and biodiversity
      • Funding the energy transformation
      • Cities for People
    • Institutions we monitor
      • European Bank for Reconstruction and Development
      • European Investment Bank
      • Asian Infrastructure Investment Bank
      • Asian Development Bank (ADB)
      • EU funds
    • Our projects
    • Success stories
  • Publications
  • News
    • Blog posts
    • Press releases
    • Stories
    • Podcast
    • Us in the media
    • Videos

Home > Projects > Ulog and Upper Neretva hydropower plants, Bosnia and Herzegovina

Ulog and Upper Neretva hydropower plants, Bosnia and Herzegovina

A 35 MW hydropower plant was completed in 2024 on a pristine section of the Neretva river at Ulog. Seven more plants are also planned further upstream.


Stay informed

We closely follow international public finance and bring critical updates from the ground.





Key facts

Project promoter: EFT – HE Ulog d.o.o, a subsidiary of the EFT Group (Ulog) and MHE Marvel d.o.o. (HES Gornja Neretva)

Installed capacity: 35 MW

Lead contractor: Sinohydro, China

Financing: Ulog: Reportedly, EFT’s own funds; No information available for Marvel’s plants.

River: Upper Neretva

Protected areas: Gornji tok Neretve Emerald Site

Other key risks: Geological – landslides

Key issues

– The Ulog project was completed in 2024 and seven more plants are planned in an Emerald site.

– The terrain appears unstable – two workers were killed by landslides in 2013.

– People downstream in Konjic fear that earthquakes could cause flooding.

 

Background

The EFT Group’s 35 MW Ulog plant, with a 53-metre high dam, was built by China’s Sinohydro and completed in 2024. A series of seven smaller plants is also planned further upstream by local company Marvel d.o.o. and would turn most of the upper course of the river – a section of about 38 kilometres – into a series of dams, pipes and reservoirs. 

Risky construction

Work on the Ulog plant started for the first time in 2013, but in July that year, two fatal incidents took place and works stopped. On 4 July, a worker from the Prijedorputevi company was killed by a rock breaking off a cliff face while building access roads. Only four days later on 8 July, another worker from the same company was also killed by a rockslide, and another worker taken to hospital. After this, the works were put on hold while more research was done, but in 2017 the project was redesigned with the dam slightly further downstream. It remains to be seen whether the new design will be any safer. 

People living downstream fear that the operational phase of the plant will also put them in danger, as the location where the plant is being built is where a landslide in 1934 caused the biggest floods in the history of Konjic. According to local people, the landslide blocked the Neretva, which then burst through, sending a massive wave downstream.

Neretva - one of the most biodiverse rivers in Europe

The projects are also subject to international legal challenges under the Bern Convention and Energy Community Treaty, as the Bosnia and Herzegovina authorities failed to protect the upper Neretva – part of the Convention’s Emerald Network – by permitting hydropower development along its entire length.

Although the environmental impact assessment studies for the Ulog project and the other Upper Neretva hydropower projects identified several significant species such as otters and crayfish being present, the government of the Republika Srpska Entity concluded, without any evidence, that these projects would not have a negative impact on the environment and could be implemented.

In July 2022, the first Neretva Science Week, organised by the Center for Environment together with Riverwatch and Euronatur, identified 1300 species living on the upper Neretva, of which 24 were new for Bosnia and Herzegovina, and eight species were new to science.

High-risk investments

Considering the rich biodiversity downstream above Konjic, including marble trout, the endangered soft-mouthed trout, white-clawed crayfish, kingfishers and endemic invertebrates, the impact on the Federation of BiH is a major concern.

As of October 2025, the other seven plants are not moving ahead significantly. 

Latest news

Albania’s Skavica dam can’t get off the ground – time to finally cancel it!

Blog entry | 24 November, 2025

The highly damaging hydropower project could hardly have had stronger political support at its inception, with the country’s parliament passing a special law in 2021 to appoint U.S. construction giant Bechtel as the main contractor. But four years later, the project has stagnated, with no environmental permit and no financing.

Read more

Romania’s Parliament paves the way for environmental destruction and ‘foreign agent’ repression

Blog entry | 20 October, 2025

Romania stands at a dangerous crossroads. Last week, a law initiated by the senator Daniel Zamfir in 2022 and already then rejected by the Senate, passed by a crushing majority (262–33) in the decisive Deputies Chamber.

Read more

Expanding the Emerald Network: Progress and gaps in the Western Balkans

Blog entry | 9 October, 2025

At the 15th meeting of the Bern Convention’s Group of Experts on Protected Areas and Ecological Networks – held from 7 to 8 October 2025 in Bar, Montenegro – participants reviewed progress towards establishing the Emerald Network of protected areas. As part of the programme, the group visited Lake Skadar, one of Montenegro’s key Emerald sites, acknowledging the government’s efforts to safeguard this unique ecosystem.  

Read more

  • 1
  • 2
  • 3
  • 4
  • ...
  • 44
Next Page »

Related publications

Kungrad 1-3 wind power project, Uzbekistan

Policy comments | 11 March, 2025 | Download PDF

Kungrad is one of several large-scale renewable projects featuring extensive transmission lines slated for remote, wild areas in Central Asia – an alarming practice that hinders the sustainable energy transition.


How to interact with development banks lending to hydropower projects in Central Asia: A toolkit for civil society activists

Toolkit | 3 February, 2025 | Download PDF

This toolkit is aimed primarily at civil society organisations in Central Asia tackling the construction of dams or other unsustainable water infrastructure.


The Upper Horizons complex, Bosnia and Herzegovina

Briefing | 18 December, 2023 | Download PDF

The Upper Horizons hydropower complex has been planned since the mid-20th century, and is planned to consist of three plants — Dabar, Nevesinje and Bileća — linked by a series of tunnels and channels. If completed, it would have a devastating impact on the karst ecosystems of eastern Herzegovina and beyond.  


  • 1
  • 2
  • 3
  • 4
  • ...
  • 27
Next Page »

Footer

CEE Bankwatch Network gratefully acknowledges EU funding support.

The content of this website is the sole responsibility of CEE Bankwatch Network and can under no circumstances be regarded as reflecting the position of the European Union.

Unless otherwise noted, the content on this website is licensed under a Creative Commons BY-SA 4.0 License

Your personal data collected on the website is governed by the present Privacy Policy.

Get in touch with us

  • Bluesky
  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • YouTube