| Project Detail |
Location:
Montenegro
Project number:
55011
Business sector:
Energy
Notice type:
State
Environmental category:
A
Approval date:
04 Dec 2024
Status:
Exploratory
English-language PSD published:
30 Sep 2024
Project Description
The EBRD considers providing a sovereign-guaranteed loan of up to €18 million to Crnogorski Elektroprenosni Sistem AD ("CGES", or "the Company"). The proceeds of the EBRD loan will be used to finance the development a new overhead transmission line (OHL) between Vilusi and Herceg Novi with associated substations. This will include: 1) Construction of a new 110 kV OHL Herceg Novi i Vilusi of ca. 38.5 km, 2) Extension of a 110 kV switchyard in Sub Station (SS) Herceg Novi by one 110 kV OHL bay, and 3) Refurbishment of SS Vilusi (including the extension to accommodate the proposed new 110kV OHL).
Project Objectives
The main objective of the project is to increase the high voltage transmission network capacity, which is pivotal to the integration of a considerable array of Renewable Energy (RE) power plants with substations Vilusi and Herceg Novi, presently in the preliminary stages of development by private entities. Additionally, the project will significantly contribute to enhancing the stability, safety and security of power supply and at the same time reducing energy losses. |
