Advanced System for Remote Meter Reading Phase 1A

Advanced System for Remote Meter Reading Phase 1A

Project Description

This investment project supports the introduction of smart metres in the electricity distribution system in Serbia. It covers the first phase of their deployment in Kraljevo, Čačak and Niš. The roll-out of smart metering will significantly contribute to the ongoing grid modernisation programme, which aims to develop smart grids, reduce technical and commercial losses, and integrate renewable generation sources into the system.

The EU co-funds the investments under Flagship 5 - Transition from coal - of the Economic and Investment Plan for the Western Balkans through the WBIF.

Project Financing

WBIF Grant WB-IG06E-SRB-ENE-01 € 8,102,128
EBRD Loan € 40,000,000
EBRD TC External Grant € 135,000
Beneficiary Contribution Own Contribution € 10,000
Total € 48,247,128
Total Grants € 8,102,128
Total Loans € 40,000,000

Partner Financial Organisations

Western Balkans Partners