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The project consists of a multi-annual investment plan for the electricity distribution network of Serbia including substations, overhead lines, underground cables and automation. The programme aims to reduce energy losses, improve system reliability and prepare the network for increased capacity to integrate renewable energy sources.
The operation supports the upgrade and modernisation of various distribution system elements, that will translate to higher system reliability, lower maintenance costs and help reign in energy losses. It will also make the distribution grid more adaptive and capable to cope with extreme climate conditions.
No significant environmental impacts are expected. The EIB will evaluate potential environmental impacts and review the promoter's procedures as to environmental sustainability to ensure compliance with the EU standards and best industry practices.
The EIB will require that the project implementation is in line with the EIB's Guide to Procurement and the applicable EU public procurement rules.
Under EFSD+ Guarantee