The EBRD said that it will extend a EUR 25mn long-term loan to Macedonia's state-owned transmission system operator MEPSO. The lender notes that this will be its first non-sovereign guaranteed loan to a public energy company in the Balkan country. The financing will support investments involving the rehabilitation of some existing substations, implementing equipment and software applications for the remote supervision of the main substations, completing the fibre optic optical ground wire (OPGW) network and replacing old sections of 110kV transmission lines, the EBRD said. The investments are expected to boost the quality of electricity supply in the country and thus support economic development. They will also help MEPSO succeed in a liberalised market.
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