BAKU, Azerbaijan, January 27. The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 35 million euros to Montenegro's Crnogorski Elektrodistributivni Sistem (CEDIS) to modernize the country’s energy sector, Trend reports.
This financing will help implement a new SCADA system, an advanced distribution management system (ADMS), and install smart meters. The project is also set to receive funding under the European Union’s Western Balkans Investment Framework.
CEDIS, which operates Montenegro’s power distribution networks, will use the SCADA system to monitor the grid in real-time, while the ADMS will optimize electricity distribution operations. The introduction of smart meters will improve electricity usage monitoring, helping reduce losses and enhance service reliability.
The project is expected to reduce technical losses by 10%, cut grid outages significantly, and enable the integration of renewable energy sources. It will also improve cyber security and contribute to better energy efficiency in line with EU standards.
EBRD's Head of Montenegro, Remon Zakaria, highlighted the project’s role in transforming Montenegro’s electricity grid, improving its reliability, and preparing it for renewable energy integration. CEDIS CEO, Vladimir Ivanović, emphasized the project’s importance in modernizing Montenegro's energy infrastructure and aligning it with green energy goals.
Since joining the EBRD in 2006, Montenegro has received 908 million euros in investments across 95 projects, with a focus on competitiveness, the green transition, and regional integration.