Over EUR 500 million to modernize electric network
, Uncategorized
EUR 503 million will be spent to modernize the electric energy distribution system in Serbia over the next ten years, said President of the Serbian Chamber of Commerce Energy Association Slobodan Petrovic.
Modernization of the distribution system will cut commercial and technical losses and advance the meter-reading system and contact with consumers, he told Tanjug.
Petrovic, who is in the Catalonian capital for a conference on the potential of the Serbian electric energy sector, said modernization encompasses longterm projects which require considerable investments.
He reminded that a tender is open for the procurement of equipment for distance meter-reading, financed by the European Bank for Reconstruction and Development and the bidders should be known soon.
According to Petrovic, the funds will be allocated in stages, and some EUR 80 million have been set aside for this tender.
Source emg.rs
LATEST NEWS
- November 28, 2023 Bulgaria: Difficulties in collecting tax on russian gas transit
- November 28, 2023 Europe: TTF gas futures reached 44 €/MWh on November 21
- November 28, 2023 Europe: Electricity proces ranged from 70 to 132 €/MWh in week 47