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Geothermal energy is a clean and renewable energy source that has the potential to play a significant role in the energy mix in Republic of North Macedonia. This paper presents a feasibility study for a proposed geothermal power plant in North Macedonia. The feasibility study includes a detailed technical analysis of the geology and geophysical research, including test drilling, power plant design, and transmission and distribution system design. Also, in the paper are presented government regulations for research and establish a geothermal power plant. Based on the feasibility study, the proposed geothermal power plant is technically and economically viable, and has the potential to provide a significant source of clean and renewable energy to North Macedonia. The study concludes that the project will have a positive impact on the local economy, while minimizing its impact on the environment.