December 4, 2024
Owner's Engineer banner
HomeSEE Energy NewsMontenegro secures €950,000 grant for power grid modernization and renewable energy integration

Montenegro secures €950,000 grant for power grid modernization and renewable energy integration

Supported byClarion Energy banner

Montenegrin electricity transmission system operator CGES has signed a €950,000 technical grant agreement with the French Development Agency (AFD) and French utility company RTE International (RTEi). The grant aims to modernize the country’s electricity infrastructure and facilitate the integration of renewable energy sources into the grid.

The project will focus on upgrading and expanding the 225/110 kV Perucica substation and replacing two outdated transformers at the Pljevlja substation. These substations are crucial for the stability of Montenegro’s national electricity grid, and the upgrades will enhance its capacity to support new renewable energy installations, while also reducing transmission losses.

This initiative aligns with Montenegro’s commitment to achieving carbon neutrality by 2050. In addition to the infrastructure improvements, the grant will fund studies to implement digital solutions and improve grid management and monitoring. The project is financed by AFD, with RTEi providing the necessary technical expertise.

Supported byElevatePR Digital banner

RELATED ARTICLES

Supported byOwner's Engineer
Supported by
Supported byClarion Energy
Supported by
error: Content is protected !!