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Montenegro Energy Sector Decarbonization Project

Abstract*

The project will support the decarbonization of the energy sector in Montenegro by: (i) supporting energy efficiency improvements of public buildings, and (ii) enabling the integration of additional renewable energy capacity by enhancing the operational performance of the national distribution electricity grid to reduce energy losses and strengthen reliability.

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

Improve energy efficiency of public buildings and enable the integration of additional renewable energy capacity into the power distribution grid in Montenegro.

Key Details

Project Details

  • P505964

  • Active

  • Yuriy Myroshnychenko , Claudio Protano

  • Montenegro

  • Montenegro

  • June 13, 2024

  • (as of board presentation)

    December 4, 2024

  • February 14, 2025

  • US$ 0.00 million

  • Crnogorski Elektrodistributivni Sistem (CEDIS),Ministry of Energy (MoE)

  • Europe and Central Asia

  • 2025

  • US$ 34.60 million

  • N/A

  • N/A

  • April 30, 2030

  • Yes

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 34.60
Borrower/Recipient 3.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 34.60
IDA Commitment N/A
IBRD + IDA Commitment 34.60
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2025-02-26
Financial Management Satisfactory 2025-02-26
Monitoring and Evaluation Satisfactory 2025-02-26
Overall Implementation Progress (IP) Satisfactory 2025-02-26
Procurement Satisfactory 2025-02-26
Project Management Satisfactory 2025-02-26

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.