Within the framework of the project, Avenue Consulting Group has elaborated long-term financial modelfor modernization of Small Hydropower Station. During the elaboration of the financial model, Avenue Consulting Group considered all possible risks related to SHPP activity. The financial model was projected for 15 years. It includes three different investment plan scenarios with different schedules estimating the efficiency of each one and outlining the performance of SHPP in case of each one. The designed financial model highlights for the client the possible maneuvers with investment plans and facilitates the investor attraction clearly showing all possible outcomes from each possible investment plan scenario.