The EBRD is considering providing a senior unsecured loan of up to € 35 million to Crnogorski Elektrodistributivni Sistem DOO ("CEDIS" or the "Company"). The proceeds of the EBRD financing will be used to finance the acquiring and implementation of SCADA/ADMS system and new smart meters procurement. The loan consists of two tranches: 1) € 25 million, allocated as € 15 million for Phase I of SCADA/ADMS implementation and € 10 million for the procurement of new smart meters, and 2) € 10 million earmarked for Phase II of the SCADA/ADMS implementation. The implementation of the Project will introduce SCADA and ADMS systems (Supervisory Control and Data Acquisition, and Advanced Distribution Management System) and support the procurement of new smart meters in the distribution system operator. The Project will reduce technical losses by 10-30 per cent, reduce the energy outages of the grid by approx. six times, allow integration of new renewable energy sources (RES) into the grid, and increase the cyber security level, among other benefits. The replacement of CEDIS's legacy distribution management system will finally result in an improved quality of life for the population, and an optimisation of the Company's operations. The Project will also further support the roll out of smart meters in line with EU and Energy Community standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53660