WORLD BANK TO BACK MACEDONIAN ENERGY SECTOR WITH $25 M
admin1 – November 23, 2005 – 2:42pm

The World Bank's team ended Tuesday the talks over the new project for assisting the energy sector development. The project of $25 million is aimed at improving the Macedonian energy system and ultimately strengthening the electricity supply, reducing costs and raising security. Moreover, the project will support the Macedonian participation in the regional energy market of Southeast Europe, as well as the efforts for joining the EU. The project was developed in cooperation with MEPSO and the Macedonian Government and represents recognition of the energy sector reform efforts made so far.