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Serbia signs 8.5 mln euros EU donation for new section of Trans-Balkan Corridor

On January 23, the Serbian government signed an agreement on an EU donation of 8.5 million euros, as well as a separate agreement for the fourth section of the Trans-Balkan Corridor for the transmission of electricity.

The donation agreement was signed between Serbia’s Minister of Mining and Energy, Dubravka Đedović, the Minister for European Integration, Tanja Miščević, the Director of the state-owned electricity transmission operator Elektromreža Serbia (EMS), Jelena Matejić and the Director of the “Belgrade Office” of the German development bank KfW, Ridiger Hartman.

“I am extremely happy and satisfied with today’s signing of the donation agreement in the significant amount of 8.5 million euros,” said Elektromreža Serbia Director, Jelena Matejić. “With this donation from the European Union, which was obtained through WBIF, a big step was taken in the process of realising the fourth section of the Trans-Balkan Corridor for the transmission of electricity, the largest project in the history of the Electric Grid of Serbia. This project, with a total value of around 200 million euros, consists of four sections, of which EMS has already completed two, while the third section will begin construction during the next year.”

“The donation agreement that was signed today refers to the fourth section and it includes the construction of a two-system 400 kilovolts (kV) interconnecting transmission line from TS Bajina Bašta to the state borders with Bosnia and Herzegovina and Montenegro. The start of the works can be expected in the first half of 2025, while the planned completion date is 2027,” Ms Matejić added. “This is a continuation of EMS’s major investment drive. I will remind you that from 2011 until today, EMS has realised investments worth 380 million euros through projects and the planned investments in the transmission system until 2032 amount to 900 million euros.”

“Significant” role in strengthening Serbia’s European integration and energy sustainability

Ms Matejić also highlighted the importance of the Trans-Balkan Corridor for Europe and thanked the EU for its support. “I am very grateful to my friends from the European Union and to everyone who recognises the importance of such projects and selflessly contributes to their successful implementation. As always, we will do our best to implement and complete this undertaking effectively and on time,” said Director Matejić.

The European Integration Minister highlighted the project’s “significant” role in strengthening Serbia’s ties with the EU and bilateral cooperation with Germany. Miščević also elaborated on the Corridor’s “regional importance” in connecting Serbia, both with EU members – Romania and Italy and with Montenegro and Bosnia and Herzegovina.

The Director of the “Belgrade Office” at KfW Ridiger pointed out that the Corridor is also important for increasing Serbia’s share of energy from renewable sources and improving the complete electricity network.

On the use of renewable energy, the Mining and Energy Minister said that the investments in the power grid and transmission systems will continue, with planned major investments in significantly accelerating the share of renewable energy sources by 2030.

“[The Trans-Balkan Corridor is] Another important step towards increasing energy stability and security of electricity supply in western and central Serbia. The new 83 kilometres of transmission lines will make our grid more stable and secure, while at the same time enabling greater integration of renewable energy sources. The Trans-Balkan corridor is a project that puts Serbia back on the map of Europe’s energy corridors because with it we become a transit country,” said Minister Đedović.

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