π Tender Overview
Project ID: 56804
Status: In Exploratory, Pending Final Review
Location: North Macedonia
Industry Sector: Energy
Notice Type: State
Approval Date: 02 Dec 2026
Disclosure date: 15 Sep 2026
Project Description
A sovereign-guaranteed loan of up to β¬33.1 million to JSC Elektrani na Severna Makedonija AD Skopje ("ESM" or the "Company") to finance the development, construction and operation of North Macedonia's first utility-scale standalone 100 MW/400 MWh Battery Energy Storage System ("BESS") in Bitola, North Macedonia, together with a central SCADA system, power generation planning and trading software, and new IT and cybersecurity infrastructure for ESM (the "Project").
The Project cost is β¬98 million and is expected to be co-financed by Kreditanstalt fΓΌr Wiederaufbau ("KfW"), concessional climate finance from the Clean Technology Fund ("CTF"), and a WBIF investment grant, which remains subject to approval.
Project Objectives
The Project is expected to enhance power system flexibility and reliability, facilitate the integration of renewable energy capacity, reduce renewable energy curtailment and support the provision of balancing services, thereby contributing to the decarbonisation and resilience of North Macedonia's electricity sector. The Project is expected to be 100% GET and is a priority investment under the Just Energy Transition Investment Platform ("JETIP"), a flagship initiative launched by the Government of North Macedonia with technical support from the EBRD.
