North Macedonia coal-to-electricity energy storage equipment

4 FAQs about [North Macedonia coal-to-electricity energy storage equipment]

Does North Macedonia still have a coal power plant?

The smaller coal power plant, “REK Oslomej,” which was dormant through 2020, was reactivated in 2021 to help North Macedonia reduce its reliance on electricity imports. ESM refurbished the “REK Bitola” coal power plant boilers in 2017, but its equipment is still largely outdated.

Will North Macedonia phase out coal by 2030?

With this approval, CIF delivers the first funding window as part of North Macedonia’s Just Energy Transition Investment Platform, launched at COP28. This platform includes a coal phase out in North Macedonia by 2030, in line with the country’s self-defined Nationally Determined Contributions under the Paris Agreement.

What is North Macedonia''s act investment plan?

At full implementation, North Macedonia’s ACT investment plan will generate almost 1:7 co-financing by 2030, with over $591 million to be invested by the European Bank for Reconstruction and Development (EBRD), the World Bank Group, and the public and private sectors.

What is North Macedonia''s CIF funding?

North Macedonia’s CIF funding is part of the $2.2bn Accelerating Coal Transition (ACT) investment program, a first-of-its-kind multilateral platform supporting a just transition away from coal and toward clean energy utilizing concessional finance in key middle-income countries.

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