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The JSC “Elektromreža Srbije (EMS)” has received financing from the KfW Development Bank toward the cost of the Construction of 400 kV Single Circuit Transmission Line Kragujevac 2 – Kraljevo 3 and extension of Substations 400/110kV Kragujevac 2 and 220/110kV Kraljevo 3 to apply part of the proceeds of this loan to payments under the contract for Procurement of design, works and supply of equipment and materials for extension/upgrading of Substations 400/110kV Kragujevac 2 and 220/110kV Kraljevo 3.

The total investment value of Section II is 29.6 MEUR (17 MEUR for the transmission line and 12.6 MEUR for works in S/s Kragujevac 2 and for upgrade of voltage level in S/s Kraljevo 3

Negotiation about WBIF grant (up to 6.468 MEUR) and KfW loan (up to 15 MEUR) took place in 2016. The contract was signed in March 2017. Up to 8 MEUR will be financed from the own funds of JSC EMS

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