During her four-day visit to the region, European Commission President Ursula von der Leyen recalled that the European Union is preparing a EUR 6 billion investment package for the Western Balkans.
In Montenegro, she went to see a power substation. In Serbia, the head of the 27-member bloc’s executive body visited Master Solar, a company that produces solar collectors near Belgrade.
Von der Leyen met with the leadership of the Montenegrin TSO Crnogorski elektroprenosni sistem (CGES), including Chairman of the Board of Directors Aleksandar Mijušković and Executive Director Ivan Asanović.
The facility she visited is one of 15 in the country within the Trans-Balkan electricity corridor. The EU funded the purchase of state-of-the-art equipment for their modernization, CGES said.
The EU has approved EUR 25 million in non-repayable grants for Montenegro to enhance this network, reduce disruptions and losses, and mitigate the effect of rising electricity prices on residents, industry, and investors. The company said the total investment in the modernization of Montenegro’s electrical grid exceeds EUR 144 million including CGES’s funds.
In Serbia, the European Commission chief visited Master Solar in Surčin in Belgrade. It specializes in the integration of large-scale solar thermal system projects and the production of solar collectors.
The company, supported by EU funds, exports over 95% of its production portfolio. Von der Leyen expressed hope that there would be many more similar projects within the new investment plan for the Western Balkans.
The approval of the package depends on the progress of reforms and meeting conditions that include integrating the Western Balkans into the EU’s single market and establishing a single regional market.
29 November 2024 - EUSEW awards are a recognition of the success of projects and the individual and collective efforts with outstanding results in energy efficiency and renewable energy
The contract for the connection of the solar power plant Montečevo (Montechevo) with a total installed power of up to 400 MW to thetransmission systemwas signed last week in Podgorica. It is an investment whose value exceeds EUR 350 million. It will be carried out by the company Sun Horizon, which operates within the CWP Europe group, one of the leading companies in the field of development of renewable energy production projects in this part of Europe.
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