SKOPJE (Macedonia), September 4 (SeeNews) – Macedonia plans to invest 1.2 billion euro ($1.5 billion) in its energy sector in the next five years, the government in Skopje said.

The funds will be used for the construction of new and the upgrade of existing facilities as well as for the deployment of transmission grid links with neighboring countries, the government said in a statement on Monday, quoting economy minister Valon Saracini.

The necessary funds are planned to be raised from the state budget, loans or under public-private partnerships.

($=0.7953 euro)