📋 Tender Overview
Location: Montenegro
Project number: 53660
Business sector: Energy
Notice type: State
Environmental category: B
EBRD Finance Summary: EUR 35,000,000.00
Total Project Cost: EUR 35,000,000.00
Project Description
The EBRD is considering providing a senior unsecured loan of up to € 35 million to Crnogorski Elektrodistributivni Sistem DOO ("CEDIS" or the "Company"). The proceeds of the EBRD financing will be used to finance the acquiring and implementation of SCADA/ADMS system and new smart meters procurement. The loan consists of two tranches: 1) € 25 million, allocated as € 15 million for Phase I of SCADA/ADMS implementation and € 10 million for the procurement of new smart meters, and 2) € 10 million earmarked for Phase II of the SCADA/ADMS implementation.
Project Objectives
The implementation of the Project will introduce SCADA and ADMS systems (Supervisory Control and Data Acquisition, and Advanced Distribution Management System) and support the procurement of new smart meters in the distribution system operator. The Project will reduce technical losses by 10-30 per cent, reduce the energy outages of the grid by approx. six times, allow integration of new renewable energy sources (RES) into the grid, and increase the cyber security level, among other benefits. The replacement of CEDIS's legacy distribution management system will finally result in an improved quality of life for the population, and an optimisation of the Company's operations. The Project will also further support the roll out of smart meters in line with EU and Energy Community standards.
Transition Impact
ETI score: 67
ETI score: 64
The Project targets the "Resilient" and "Green" Transition Impact qualities by supporting the installation of an advanced distribution management system that will help address the challenges of future grids, from renewable energy management to cyber-security. This transaction will support roll out of additional smart meters covering newly developed areas and replacing some of the depreciated meters. This project builds on the previous loan that was implemented with CEDIS, with the final outcome of reaching a coverage of 87 per cent, significantly above the EU average of 60 per cent. The distribution losses have been decreased from 23 per cent in 2009 to 10.83 per cent in 2023. The exact target coverage will be determined during the due diligence.
