East-West electricity transmission corridor gets boost from EBRD and EUStaff writer ▼ | February 24, 2016
Twelve million euros EU grant will support construction of electricity interconnector between Albania and FYR Macedonia
Energy issues in Europe Western Balkans Investment Summit
The project is part of the connectivity agenda for the Western Balkans with funding provided from the Instrument for Pre-Accession (IPA) through the Western Balkan Investment Framework (WBIF).
The EBRD has already committed a €37 million loan to the project to boost the regional integration of energy markets in the Western Balkans.
This project is part of the European Commission’s initiative to establish an East-West electricity transmission corridor between Bulgaria, FYR Macedonia, Albania, Montenegro and Italy, including the planned submarine cable from Montenegro to Italy, an important step towards establishing a regional electricity market.
The grid efficiency components implemented by MEPSO will also ensure that the transmission of electricity is energy efficient and uses the best available technologies. ■