Investments in transmission infrastructure are a critical condition for a successful energy transition and the integration of new renewable energy generation capacity. This was one of the fundamental messages highlighted during the “IFC Day in North Macedonia”, organized by the International Finance Corporation (IFC), a member of the World Bank Group. Among the panelists at the event were North Macedonia’s Minister of Energy, Sanja Bozhinovska, and MEPSO’s Deputy General Director, Aleksandar Paunovski.
The event, organized for the first time in North Macedonia in partnership with state institutions, also brought together representatives of financial institutions and the business community. Participants exchanged experiences and perspectives on the country’s future energy needs, the green transition, and opportunities for new investments, with particular emphasis on the role of the private sector in supporting economic growth, boosting exports, and creating new jobs.
During the panel discussion on the energy transition, it was emphasized that North Macedonia has significant potential to develop renewable energy sources and strengthen its energy independence. Given projections indicating that electricity demand will increase by 26% by 2040, the modernization of energy infrastructure and the deepening of regional interconnectivity were identified as key strategic priorities.