Regional Broadband Infrastructure Development

Trans-Balkan Electricity Corridor: Grid Section in Montenegro

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Project Financing

EBRD Loan € 60,000,000
WBIF Grant TA-MON-02 € 1,850,000
National contribution (CGES) Own Contribution € 17,000,000
WBIF Grant WB-IG00-MNE-ENE-01 € 25,000,000
KFW Loan € 25,000,000
Total € 128,850,000
Total Grants € 26,850,000
Total Loans € 85,000,000

Project Description

The project contributes to the establishment of a Western Balkans regional electricity market through the creation of a 400 kV transmission corridor between Montenegro, Serbia and Bosnia and Herzegovina. The corridor would be further linked to the European Union via the Italy - Montenegro submarine cable.

The investments in Montenegro comprise the construction of a new 400 kV transmission line from Lasta to Pljevlja and then to the border with Serbia, including the construction of a new substation in Lastva, the grid  connection from Lastva substation to  the existing 400kV Podgorica – Trebinje line, and the upgrade of the 400/220/110 kV substation in Pljevlja.  The project include the cost of dismantling the existing 220 kV overhead lines between the substation in Pljevlja and the Montenegro/Serbia border.

The project has benefited from WBIF grants for technical assistance for project identification and preparation (€2.2 million) as well as for works and supplies (€25 million) under the 2015 Connectivity Agenda. Construction works are currently ongoing, with an estimated completion date set for the end of 2022. 

  • Countries: Montenegro
  • Code: PRJ-MNE-ENE-001
  • Sector: Energy
  • Monitor IFI: KFW
  • Status: Implementation
  • Beneficiary: Crnogorski elektroprenosni system AD
Project financing split

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