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East-West electricity transmission corridor gets boost from EBRD and EU

Staff writer ▼ | February 24, 2016
Twelve million euros EU grant will support construction of electricity interconnector between Albania and FYR Macedonia
Transmission corridor
Energy issues in Europe   Western Balkans Investment Summit
At the Western Balkans Investment Summit, in the presence of all regional prime ministers, the European Union confirmed its intention to provide a €12 million grant to support construction of the first electricity interconnector between Albania and FYR Macedonia and the introduction of grid efficiency improvements to the infrastructure of MEPSO, the electricity transmission system operator of Macedonia.

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.


 

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