The World Bank has approved a $19.1m loan, which will help the Macedonian Power Transmission System Operator (MEPSO) improve the energy infrastructure of the country.
The financing will aid in rehabilitating and upgrading MEPSO's power transmission network, increasing links with neighboring power systems and strengthening the institutional capacity of the operator.
The loan will finance a gap in the ongoing project of about $4m to fund the replacement of an overhead transmission line from Skopje to Tetovo.
With the financing, the MEPSO will also be able to undertake scaled-up activities including construction of a 400KV overhead transmission line from the existing stip substation in FYR Macedonia to the Serbian border.
The 22-year loan is a part of the broader Energy Community of South East Europe Project.