| Project Detail |
Location:
Montenegro
Project number:
54749
Business sector:
Energy
Notice type:
State
Environmental category:
B
Approval date:
01 May 2024
Status:
Exploratory
PSD disclosed:
20 Feb 2024
Project Description
The EBRD is considering providing a sovereign-guaranteed loan of up to EUR 28 million to Crnogorski Elektroprenosni Sistem AD ("CGES", or "the Company"). The proceeds of the EBRD financing will be used to finance the upgrade of the existing electrical substation (SS) Brezna located in the Municipality of Pluzine from 110/35 kV to 400/110/35 kV by installing two power transformers 400/110 kV and connecting them to the national transmission network via the new 400 kV OHL Lastva-Pljevlja, which is currently in the development stage.
Project Objectives
The implementation of the Project will expand the substation Brezna 110/35 kV by building the new 400/110 kV facility. This development is pivotal to the integration of a considerable array of Renewable Energy (RE) power plants with the Brezna substation, presently in the preliminary stages of development by private entities. The realization of this project is also projected to significantly reduce energy losses, with an estimated reduction of approximately 4MWh, equating to the annual emission reduction of over 6,000 tCO2. |
