Montenegrin TSO CGES, AFD ink loan agreement

France’s development agency Agence Française de Développement (AFD) and Montenegrin transmission system operator CGES have signed a EUR 25 million loan agreement for the modernization of strategic substations Perućica and Pljevlja 2 and support to Montenegro’s energy transition. The reconstruction of the Perućica substation will enable the integration of up to 350 MW of hydropower […]