EBRD Sustainable Infrastructure Director Nandita Parshad said the bank’s 40m.euro loan would contribute to the modernization of the entire network and lead to a reduction in carbon dioxide (CO2) emissions.

“This is just the beginning of our cooperation on this project, which provides support to prosumers (both producer and consumer) and enables them to control and reduce their consumption, and also contributes to reducing technical and commercial losses,” Parsad said.

State Secretary in the Ministry of Finance, Sasa Stevanovic, said that the signing of these agreements was a serious step towards further realization of Serbia’s energy policy.

“This is a new way of measuring electricity consumption. The total value of the project is 80 million euros, today we signed contracts for phase 1A, procurement and installation of systems and software, and replacement of about 205,000 meters. This phase will be completed by 2025.” and the whole project until 2027 “, said Stevanović.

The director of the business system of Elektrodistribucija Srbije, Sasa Stefanovic, said that the project would procure a modern system for managing electricity consumption in Cacak, Nis and Kraljevo.

“The benefits are great, both for ‘Elektrodistribucija Srbije’ and for the citizens. We will be able to monitor the quality of delivered energy and deliver the citizens they deserve, and we will be able to identify any damage and reduce losses,” Stefanovic said.

The Minister of Mining and Energy of Serbia, Zorana Mihajlović, pointed out that the goal of the state is for every part of Serbia to have a constant and constant supply of quality electricity, and that investments in the distribution network will contribute to that.

“Today, Serbia makes losses in the distribution network, about 200 million euros a year, and it is a pity that that money goes to losses, instead of investing it in further development. Installing smart meters is one of the ways to reduce those losses,” said Mihajlović.

She added that this is not the only advantage of the project because it will contribute to the reduction of CO2 emissions by 5,000 tons per year, but also help everyone who is on the path of energy transition, ie prosumers who will produce and consume energy from renewable sources.

She said that for the loan agreement of 40 million euros, the state gave guarantees, and that she would discuss with all international partners how to invest more in the distribution network because that is the basis for energy security.

By Editor

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