Montenegro to spend €32m loan on smart meters

Montenegro plans to use a €32 million (£27.6m) loan to become a regional leader in smart meters. The country’s electricity distribution company, Crnogorski Elektrodistributivni System (CEDIS), plans to use finance from […]

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By Jonny Bairstow

Montenegro plans to use a €32 million (£27.6m) loan to become a regional leader in smart meters.

The country’s electricity distribution company, Crnogorski Elektrodistributivni System (CEDIS), plans to use finance from the European Bank for Reconstruction and Development (EBRD) to buy 60,000 smart meters, benefitting more than 85% of the country’s consumers.

The company will also modernise its low voltage infrastructure and install an updated energy management system to strengthen the distribution network, cut losses and allow for the integration of renewables.

The investment is expected make Montenegro the first EBRD country of operations to meet the EU target of smart meter coverage for at least 80% of the population by 2020.

The programme is also expected to cut 86,000 tonnes of carbon dioxide per year.

Zoran Djukanovic, CEO of CEDIS said: “Besides the fact that the electricity metering project is placing Montenegro among the leading countries that are transitioning towards smart grid networks, completion of this project is also bringing additional value by investing significant resources in reconstruction of the low voltage distribution network with the aim to improve considerably quality of services to all customers.”