BELGRADE (Serbia), December 1 (SeeNews) – Serbia’s power grid operator, Elektromreze Srbije (EMS), said it plans to invest 100 million euro ($150 million) next year, local broadcaster b92 reported on Tuesday.
“The most important projects next year will be completing the construction of a powerline and a transformer substation between NIS [in the south] and the border with Macedonia,” b92 (www.b92.net) quoted EMS CEO Milos Milankovic as saying.
Funds have also been earmarked for the construction of a transformer substation in capital Belgrade, Milankovic said, adding that the project is slated to start next week.
EMS also plans upgrades at three more transformer substations in Belgrade as well as at the Djerdap hydro power plants, in east Serbia.
EMS will also upgrade the existing powerline between Serbia and neighbouring Romania as the facility will allow to connect to the grid wind power plants slated for construction in the northern part of the country, Milankovic said.
The European Investment Bank signed in June a 24.5 million euro credit contract with EMS aimed at the construction or rehabilitation of six power substation schemes.