Skopje, 23 July 2024 (MIA) – The European Bank for Reconstruction and Development (EBRD) and the Macedonian Transmission System Operator AD (MEPSO) signed Tuesday in the Government a €26.4 million loan agreement aimed at strengthening the transmission network.

The agreement was signed by the President of the EBRD, Odile Renaud-Basso, and the Director of AD MEPSO, Zuhdi Enuzi. The signing ceremony was also attended by the EU Ambassador, David Geer, and the Minister of Energy, Mining, and Mineral Resources, Sanja Bozhinovska.

The financing will be used within the framework of the project for constructing a substation and renewing a 110 kV transmission line, which will allow for the connection of 1,170 MW of renewable energy sources currently not connected to the grid.

The total project cost is €34.7 million, with €26.4 million being provided by an EBRD loan, €7.6 million from the Western Balkans Investment Fund (WBIF), and €0.5 million grant from the Climate Investment Fund Accelerating Coal Transition.

Photo: MIA