Power Link Between Italy and Montenegro Receives Financing Support
A proposed scheme, according to which a major power cable would be built under the Adriatic Sea, will obtain essential backing from the European Bank for Reconstruction & Development (EBRD), reports UTILITYWEEK.
The transmission line would be built between Italy and Montenegro, thus it would account for the first undersea cable linking Italy with former-Yugoslavian territory.
Montenegro is undergoing an application process to become a European Union (EU) member state and has already joined the Energy Community, which makes EU energy laws applicable to the Balkans and non-EU countries to the east and north.
The EBRD has introduced a plan for a syndicated loan of €65 million to Montenegrin electricity transmission operator Crnogorski Elektroprenosni Sistem (CGES), aimed at advancing Montenegro’s power network. This network could, in such a case, successfully trade power with Italy, relying on the planned €760 million international link, set to be completed by 2015.
The project incorporates constructing a new 400/110/35 kV substation at Lastva on the Adriatic coast. Moreover, it would consolidate the existing electricity networks around Lastva and fund a new 155km 400kV line northwards to the town of Pljevlja.
The EBRD project document reads: “The investment directly supports the development of the regional electricity market in southeast Europe by putting in place the infrastructure that will allow electricity trade between the region and Italy.”
Subsea World News Staff , February 28, 2012; Image: Nexans