Energy Efficiency

Montenegro to invest EUR 34 million in energy renovation, distribution grid

montenegro ibrd locan energy efficiency distribution grid

Photo: WikimediaImages from Pixabay

Published

November 7, 2024

Country

Comments

comments icon

0

Share

Published:

November 7, 2024

Country:

Comments:

comments icon

0

Share

Montenegro intends to invest EUR 33.8 million in the energy efficiency of public buildings and the modernization of the power distribution network. The activities are scheduled to last from the first quarter of 2025 to April 30, 2030.

Investments in energy renovation and the electricity distribution grid are part of the project Decarbonization of the Energy Sector of Montenegro. Funds for its implementation will be provided from a EUR 31 million loan from the International Bank for Reconstruction and Development (IBRD) and EUR 2.8 million from the state budget.

Energy efficiency measures would be implemented in 23 buildings – 16 belonging to the University of Montenegro, six run by administrative authorities, and one in the health sector. The Ministry of Energy will be in charge and the total value of the activities is estimated at EUR 10.8 million, out of which EUR 8 million is from the loan, and EUR 2.8 million is from the state budget, according to a report on the negotiations with IBRD that the Government of Montenegro adopted.

The modernization of the distribution network has three components

The budget funds for energy renovation would come from the savings in energy consumption in 23 renovated facilities within the current project Energy Efficiency in Montenegro – MEEP 2 with the World Bank.

The investments in the electricity network are envisaged under sub-project Increasing the Operational Efficiency of the Power Distribution Grid. The goal is to increase the system’s reliability, integrate renewable energy, and reduce technical losses.

The first part is the reconstruction of seven 35 kV switching facilities in 110/35 kV substations Pljevlja 1, Nikšić, Tivat, Ulcinj, Budva, Bar, and Berane. Another is the replacement and modernization of 42 transformers in 27 substations of 110/35 kV, while the third one is a pilot investment to improve the visibility of the distribution network.

EUR 2 million has been earmarked for assistance in the implementation of the project

The pilot investment envisages the installation of smart meters and sensors in the low-voltage network, as well as specialized software and an application programming interface (API) for the integration of new devices with the meter data management (MDM) system.

Montenegrin distribution system operator CEDIS is responsible for the investments, worth EUR 21 million. The company would repay a part of the loan.

One of the project’s segments is technical assistance and support in implementation. EUR 2 million is allocated for the purpose, according to the report.

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

Two small hydropower turbines to be integrated with Sofia water supply lines

Two small hydropower turbines to be integrated into Sofia water supply lines

28 July 2025 - Veolia received a green light from Bulgaria's capital city to install two hydropower generators within the city's major water supply lines

slovenia geothermal energy verde energy soyak concession

Slovenia awards first concession for geothermal exploration

28 July 2025 - It is the first concession awarded for geothermal energy, marking an important step toward decarbonizing the Pomurje region

Romania EUR 300 million subsidies geothermal heating cooling

Romania preparing EUR 300 million in subsidies for geothermal heating, cooling

28 July 2025 - A proposed state aid mechanism for geothermal district heating or cooling systems in Romania would be worth EUR 300 million

Turkish geothermal power plant operator drill for geothermal lithium

Turkish renewables firm to drill for geothermal lithium

26 July 2025 - Margün Energy intends to search for lithium in geothermal water in western Turkey, where it took over a 12 MW geothermal power plant