SKOPJE (Macedonia), October 8 (SeeNews) – Macedonia's power grid operator, MEPSO, said on Thursday it has begun the installation of a 2.3 million euro ($3.4 million) transformer at a 400/110 kilovolt substation in eastern Macedonia.
The effort marks the last stage of the 13 million euro substation project in the eastern town of Stip which is MEPSO's biggest capital investment so far, the company’s said in the statement posted on its web site.
The Siemens transformer has a capacity of 300 mega volt-amperes, the statement said.
The substation is expected to improve the stability of MEPSO’s power transmission grid in eastern Macedonia, it added, without providing details when the substation will be fully operational.
MEPSO said earlier it will invest over 22 million euro this year to upgrade its high-voltage infrastructure, including the finalisation of the transformer station in Stip.
MEPSO was set up in 2005, following the break-up of Macedonia’s communist-era power monopoly ESM into a generation unit, Elektrani na Makedonija (ELEM) AD, a transmission company and a distribution arm, ESM. In 2006, Macedonia sold 90% of ESM to Austrian utility EVN, which later renamed it to EVN Macedonia AD.
($=0.6787 euro)