Montenergo was granted additional 30 million for its smart metering programme

European Bank for Reconstruction and Development (EBRD) has granted an extra 30 million euro loan to Montenegro to support the country’s large-scale smart metering programme. The largest Montenegrin electricity provider Elektroprivreda Crne Gore, based in Niksic, will use the funding to further install smart electricity meters across the country, local media reported.

Montenegro’s smart metering initiative was initially launched in 2010 with the financial support of EBRD, which then granted the country a loan of 35 million euro. It resulted in the installation of around 164,000 smart electricity meters, experts remind.

Riccardo Puliti, EBRD Managing Director for Energy and Natural Resources said: "Investing in smart metering and implementing smart grids are key priorities for the EBRD. This project will improve energy efficiency and reduce losses."