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Signature(s)

Amount
€ 22,000,000
Countries
Sector(s)
Serbia : € 22,000,000
Energy : € 22,000,000
Signature date(s)
30/10/2003 : € 22,000,000
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Summary sheet

Release date
30 May 2003
Status
Reference
Signed | 30/10/2003
20020509
Project name
Promoter - financial intermediary
EPS - Power System Control
Elektropriveda Srbije
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approximately EUR 20 million.
Approximately EUR 50 million.
Sector(s)
Description
Objectives

The project concerns the modernisation and upgrading of the existing power control system of the Serbian electricity utility EPS. It comprises 2 main components including:

  • the rehabilitation and upgrade of EPS' National Control Centre (NCC') - with an Energy Management System (EMS), Supervisory Control and Data Acquisition (SCADA) and a System for Remote Acquisition and Accounting of Metering Data (SRAAMD) and
  • the supportive telecommunication network between the NCC and all major power facilities - and also electricity utilities in neighbouring countries - to carry the traffic necessary for the operation, protection and control of the power system. The telecommunication component concerns mainly the purchase and installation of optical protective ground wire (OPGW) on existing EPS transmission lines together with related equipment.


The project aims at improving the security and cost-effectiveness of the Serbian power system, which is required prior to reconnection to the UCTE, and is also a pre-condition for the establshment of a Balkan regional electricity market.

Environmental aspects
Procurement

Due to the characteristics and limited size of the works, no significant environmental issues are expected.

EIB procedures for international procurement would be applied, where applicable.

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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