North Macedonia adopts an Energy Development Strategy focusing on 2040

North Macedonia adopts an Energy Development Strategy focusing on 2040

North Macedonia’s Ministry of Economy is expected to approve by the end of 2019 the Energy Development Strategy until 2040 under the rules of the EU Energy Union.

According to the country’s Minister of Economy, Kreshnik Bekteshi, who made statements during the business forum held at the Western Balkans Summit in Poznan, the ministry has drafted a related draft law on energy efficiency.

By the end of 2019, North Macedonia will adopt the new Energy Development Strategy, which is based on the five pillars of the EU Energy Strategic Union (security, solidarity and trust, integrated internal energy market, energy efficiency, decentralization of the economy and research, innovation and competitiveness).

The draft law on energy efficiency, according to North Macedonia’s Minister of Economy Kreshnik Bekteshi, will offer new solutions in order for the business climate to become favorable for most of the small and medium-sized businesses.

It is recalled that in May 2018, North Macedonia set two main objectives: to reinforce investments in the field of Renewable Energy Sources and to increase energy efficiency, while the new legislation allowed the opening of the electricity market, which led to an increase of 10% on the amount of permits given for electricity trading and supply.

Earlier this year, the Government of North Macedonia announced the commencement of biddings, which would last until the end of the year, in order for solar power stations with a total capacity of 200 MW to be built alongside a 50 MW wind farm.

In June, as noted by Kreshnik Bekteshi, the country’s government launched a tender for the installation of solar photovoltaic power plants with a total capacity of 35 MW, one with a capacity of 25 MW in Amzabegovo (Sveti Nikole) and another one with a capacity of 10 MW in Makedonski Brod./ibna