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Serbia gets KfW grant for 2nd section of Trans-Balkan Electricity Corridor
Serbia's energy minister Aleksandar Antic said the government received a 6.6 million euro ($7.8 million) grant from German development bank KfW for the construction of the second section of the Trans-Balkan Electricity Corridor on Serbian territory, seenews.com informs.
The construction of the section connecting Kraljevo to Kragujevac will start in 2018 and will be completed in 2020, Antic said in a video file posted on the website of news agency Tanjug on Thursday.
The agreement for the financing of the second section is a condition for the start of works on the sections linking Obrenovac to Bajina Basta as well as Bajina Basta to Pljevlja and Visegrad, Antic said during a news conference following the official opening of the first section of the corridor in Serbia, connecting Pancevo to the border with Romania.
The investment in the project on Serbian territory will total 160 million euro, Antic said. Serbia's government said on Thursday that power system operator Elektromreza Srbije (EMS) started operating the 68 km Serbian section of a transmission line connecting Pancevo to Romania's Resita. The total investment in the construction of the section is 27 million euro.
The entire Trans-Balkan Electricity Corridor, linking Montenegro, Bosnia and Herzegovina, Serbia and Romania via a 400 kV transmission line and Montenegro and Italy via an undersea cable, is expected to come on stream in 2022.