![](https://www.smart-energy.com/wp-content/uploads/2024/07/EBRD-substation-loan.jpg)
EBRD loans €28m for Montenegro substation upgrade
Image courtesy 123rf The European Bank for Reconstruction and Development (EBRD) is providing a sovereign-guaranteed loan of up to €28 million ($30.5 million) to TSO Crnogorski Elektroprenosni Sistem (CGES) for the upgrade of the electrical substation …