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Balkan Events

North Macedonia borrows 28.9 million euro for a gas pipeline to Greece

12 january 2022

In Bulgarian  In Macedonian  In Romanian  In Serbian

 

North Macedonia will receive a 28.9-million-euro loan from the European Investment Bank (EIB) to build a section of its gas interconnector with Greece. The project will serve as a short-term measure to facilitate the country’s gradual transition to clean energy, BalkanEngineer learned from Balkangreenenergynews.com.

 

 

The construction of the section with a length of 68 km will help North Macedonia diversify its gas supplies, improve its energy security, and increase the competitiveness of its energy market. Tying the country together with Greece through the interconnector will also help integrate it into the regional and European Union’s energy markets.

 

As part of the strategy to phase out coal as a fuel, the Balkan state already has plans to modernize two power plants in order to work with gas. North Macedonia also signed a memorandum with Greece about the natural gas and electricity supplies that are to be produced by the southern neighbor’s future gas-fired power plant.

 

Source of images: pexels.com

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