North Macedonia launches € 50 million electricity interconnection project with Albania
SKOPJE (North Macedonia), Aug.30 (SeeNews) – The government of North Macedonia has announced that it has started construction of a 400/110 kilovolt (kV) electrical substation near the city of Ohrid, the first stage of an electricity interconnection project with neighboring Albania worth 50 million euros (59 million dollars).
Croatian company Koncar Elektroindustrija is building the power substation under an agreement signed in January 2020, Kushtrim Ramadani, director of North Macedonian transmission system operator MEPSO, said in a government statement on Sunday.
The deal for the construction of the power substation is worth 14.3 million euros, according to an earlier statement from Koncar.
The project will also include the construction of a 400 kV transmission line connecting Bitola in North Macedonia to Elbasan in Albania. It is expected to be completed in 2023.
MEPSO signed an agreement with the Bosnian Energoinvest for the construction of the transmission line in February 2020.
The entire project is supported by the European Bank for Reconstruction and Development (EBRD), which provides a loan of 37 million euros, and the Western Balkans Investment Framework (WBIF), which provides a grant of 12 million euros. euros, said Ramadani. The remaining part is financed by MEPSO.
North Macedonia has interconnections at the 400 kV level with Greece, Serbia, Kosovo and Bulgaria.
($ = 0.8475 euro)