📋 Tender Overview
Location: Montenegro
Project number: 54749
Business sector: Energy
Notice type: State
Environmental category: B
EBRD Finance Summary: EUR 28,000,000.00
Total Project Cost: EUR 36,000,000.00
Project Description
The EBRD is considering providing a sovereign-guaranteed loan of up to EUR 28 million to Crnogorski Elektroprenosni Sistem AD ("CGES", or "the Company"). The proceeds of the EBRD financing will be used to finance the upgrade of the existing electrical substation (SS) Brezna located in the Municipality of Pluzine from 110/35 kV to 400/110/35 kV by installing two power transformers 400/110 kV and connecting them to the national transmission network via the new 400 kV OHL Lastva-Pljevlja, which is currently in the development stage.
Project Objectives
The implementation of the Project will expand the substation Brezna 110/35 kV by building the new 400/110 kV facility. This development is pivotal to the integration of a considerable array of Renewable Energy (RE) power plants with the Brezna substation, presently in the preliminary stages of development by private entities. The realization of this project is also projected to significantly reduce energy losses, with an estimated reduction of approximately 4MWh, equating to the annual emission reduction of over 6,000 tCO2.
Transition Impact
ETI score: 65
The Project holds significant importance in ensuring the continued stable and safe operations of the transmission system of Montenegro. The 400/110 kV Brezna substation represents important part of the transmission system of the Montenegrin Electric Transmission System from the point of view of connecting the transmission line 400 kV Cevo - Pljevlja 2 with the existing power grid of Montenegro and forming a 400 kV ring. The Primary transition quality of the Project is Green, as the Project implementation will allow to reduce the emission by over 6,000 tCO2/year. The project will also allow the integration of at least 300 MW new large scale renewable energy power plants (Resilient).
