Signature(s)
Summary sheet
The project concerns the construction/replacement of 400 and 110 kV power substations in the country (Skopje 5, Skopje 4, Petrovec, and Dracevo), the construction of ancillary transmission lines and related infrastructure all to be confirmed during appraisal.
The project is integral to a larger restructuring of the power sector in FYR of Macedonia, outlined by the Government, as well as to agreements made to establish a regional electricity market and interconnections in South-eastern Europe by 2005. The objective of the project is to contribute to the reduction in power system losses and bottlenecks, and to allow better use of existing generating capacity by improving operational efficiency.
Following EU standards, the project would not fall under the environmental impact assessment directive. The project is unlikely to impact any nature conservation site. These issues will be reviewed to ensure that each project component has been or will be adequately assessed for compliance with environmental regulations in FYROM and in line with EU standards.
EIB procedures for international procurement would be applied, where applicable. It is intended that the components to be financed by the Bank will be published in the OJEC; some have already been published internationally.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
News & Stories
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications