Serbia: EBRD financed EPS power utility smart meters project contracted to Atos-Sagemcom, News Serbia Energy
EBRD financed EPS project for smart meters procurement is completed with French companies getting the contract. Power utility company EPS contracted consortium Atos WD Sagemcom for delivery of 26.6MEUR worth smart meter equipment.
The Electric Power Company of Serbia (EPS) signed a EUR 26.6 million agreement to purchase smart meters and modern equipment in order to reduce losses in power transmission.
The agreement was signed between EPS Director Aleksandar Obradovic and Jerome d’Parque d’Plesier, a representative of the tender winner – the consortium Atos WD Sagemcom.
The first phase will see 208,962 measuring points covered by the EPS metering system, it was said at the agreement signing ceremony. It was also announced that the installation of modern equipment would start early November, after all the necessary testing was done.
This project is financed with the proceeds of EUR 26.6 milllion loan approved by the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), and the initially planned budget was EUR 58.5 million. By accepting the lowest price bid, EPS saved EUR 31.9 million.
The new equipment will help EPS reduce distribution losses, the company’s acting director general Aleksandar Obradovic said.EPS’ power distribution loss rate amounted to 14.12% at the end of November.The Serbian utility company had a total of 3.55 million customers at the end of last year. , transmits Serbia-energy.eu