The European Commission, through the Investment Framework for the Western Balkans (WBIF), approved EUR 8.44 million euros in grants in the field of energy, which will be used to finance the reconstruction of HPP Bistrica and the preparation of a Feasibility Study including Environmental Impact Assessment for the Central-Balkan Corridor Project. The implementation of these projects will contribute to the increase of production capacities from renewable energy sources, as well as transmission capacities by connecting Serbia with its eastern and western neighbors. Thus, we are going to become an important energy hub of the European power system. Almost one third of the total funds approved have been earmarked for energy projects.