Electricity

EUR 32 million loan to Montenegro to complete smart metering project

Photo: Pixabay

Published

May 19, 2017

Country

Comments

0

Share

Published:

May 19, 2017

Country:

Comments:

0

Share

EUR 32 million loan to Montenegro was approved by London based European Bank for Reconstruction and Development (EBRD) to finalize the introduction of smart metering system in the country.

The loan will be used by Montenegrin electricity distribution company Crnogorski elektrodistributivni system (CEDIS) for the purchase of  60,000 smart electricity meters. Once the smart metering installation programme is finished it is expected that 80 percent of population of Montenegro will be covered by this system. The modernisation and smart meter installation programme is expected to result in over 86,000 tonnes of CO2 savings per year.

The company will also modernise or replace its low-voltage infrastructure and install a modern energy management system (EMS). This will strengthen the distribution network, cut losses and allow for the integration of renewable energy generators, according to the information provided by the lender on this occasion.

The smart meters allow utilities to collect real-time data on customers’ consumption and manage networks remotely, eliminating the need to send out costly technicians and visits by meter readers.

The overall project cost is estimated at EUR 39 million, whereas EUR 7 million will be provided by Montenegrin electricity distribution system operator CEDIS, says Reuters.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment

Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

professors serbia message decarbonization coal

Belgrade University professors warn politicians failure to phase out coal will be more costly than any decarbonization measures

25 November 2020 - It will be more expensive for the country to did nothing to reduce CO2 emissions, than to implement decarbonization measures.

Romania coal fired thermal power plants

Romania erases new coal-fired thermal power plants from its plans

23 November 2020 - The Government of Romania claims no more coal power plants would be built and CE Oltenia hinted it is about to scrap the last such project.

federation of bih abolish feed in tariffs shpp

Federation of BiH to scrap feed-in tariffs for small hydropower plants from 2021

19 November 2020 - The government is preparing a set of regulatory amendments in order to prevent the adverse impact of small hydropower plants on the environment.

gornja drina brnabic viskovic joint statement buk bijela

Serbia, Republic of Srpska sign joint statement on Gornja Drina hydropower project

18 November 2020 - The construction of HPP Buk Bijela should take six years, and could start at the end of this year or at the beginning of the 2021.