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Reading: BiH and Montenegro signed a Memorandum with the Aim of Integrating the Regional Electricity Market
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Sarajevo Times > Blog > BUSINESS > BiH and Montenegro signed a Memorandum with the Aim of Integrating the Regional Electricity Market
BUSINESS

BiH and Montenegro signed a Memorandum with the Aim of Integrating the Regional Electricity Market

Published August 15, 2023
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Representatives of the Independent System Operator (NOS) in Bosnia and Herzegovina and the Montenegrin Electric Transmission System – CGES today signed a Memorandum of Understanding in Sarajevo on preliminary activities for the projects “Reconstruction of the existing interconnection DV 220kV HE Perućica – Trebinje” and “Construction of the new interconnection DV 400kV Brezna – Sarajevo 20 or DV 400kV Brezna – Gacko”.

The memorandum was signed by NOSBiH Director Nemanja Pandurević and CGES Executive Director Ivan Asanović.

According to director Pandurević, the importance of this project is, first of all, reflected in the increase of transmission capacities.

“To us, transmission capacities are very important for the reason of increasing the possibility of integrating renewable sources of electric energy. We are all familiar with the fact that the trend is solar power plants and wind parks, in order to enable the network to receive all renewable sources, such agreements are necessary that will lead to the construction of interconnections. Likewise, interconnections will increase security of supply and congestion on the network. This is necessary in order to work on the integration of the regional electricity market, which is found in all strategic documents for the Western Balkans,” Pandurević said.

CGES Executive Director Ivan Asanović says that by signing the memorandum, a very important job for the reconstruction of the existing and the construction of the future interconnection begins.

“The project is very important for both networks and the entire region. In the era of the green transition, it is necessary for us as operators to ensure the path along which the energy will go, and for that the interconnections between the systems are very important to us. For CGES, this work is very important, we hope that with colleagues from NOSBiH and Elektroprijenos BiH to achieve results in a very short time,” said Asanović.

He stated that these are very valuable projects, that the reconstruction of transmission lines is always very expensive, especially the construction, and that it involves tens of millions of euros.

“CGES has already made a step forward in that part and received significant funds from the European Commission for the preparation of a feasibility study. So when the projects are ready and at an advanced stage, we will be able to request a more serious construction grant from European funds of up to 20 percent. which would be significant for both systems in Montenegro and Bosnia and Herzegovina,” said Asanović, Fena news agency reports.

 

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