The Lukovo Pole Renewable Energy Project (LPREP) on the Korab mountain range in Northwest Macedonia was proposed by JSC ELEM in December 2010. LPREP is part of bigger ELEM Vardar Valle project. LPREP will divert water from the Radika River and its tributaries through three existing Macedonian Hydro Power Plants: “Vrben” (a run-of-river plant upstream of Mavrovo lake), and “Vrutok” and “Raven” (dam-storage plants downstream of the lake). Namely, the water from Korab catchment will be transferred to Lukovo Pole storage and Crn Kamen River via a 20 km long pipe system. The storage will be generated by construction of a 70 m high dam at Lukovo and would have capacity of about 39 million m3. Besides, the LPREP includes construction of new small hydro-power plant Crn Kamen of about 5 MW. Total energy generation from this project is expected to be 160 GWh/year. The LPREP’s main investor JSC ELEM was granted with a World Bank loan. The World Bank explains its involvement in the project due to the importance of increasing Macedonia’s reliance on renewable energy.