Abazović discusses new energy projects with consortium of foreign companies

Abazovic energy projects consortium foreign companies UGT Renewables

Photo: Facebook (Dritan Abazović)


September 7, 2022






September 7, 2022





Outgoing Prime Minister Dritan Abazović met in Podgorica yesterday with the representatives of foreign companies gathered in a consortium led by United States–based UGT Renewables. They discussed new energy projects in Montenegro and the possibility to support government-controlled coal and power producer Elektroprivreda Crne Gore (EPCG) in the construction of energy facilities.

“The representatives of the consortium were our guests today, and I was honored today to discuss large and serious energy projects”, outgoing Prime Minister of Montenegro Dritan Abazović wrote on Facebook, public broadcaster RTCG reported.

Abazović: We aim to enable EPCG to start building energy facilities

Abazović hosted the leading officials of a consortium comprising UGT Renewables, headquartered in the US, South Korean companies Hyundai and Hanwha, Japan-based Hitachi Energy and US companies Tesla Energy, Next Tracker and Shoals Technology.

Abazović said it is necessary to strive toward achieving an energy balance in Montenegro and added: “The goal is to use the advantages and enable EPCG to start building energy facilities, which means to produce electricity using our country’s great solar potential.”

Abazovic energy consortium foreign companies UGT Renewables

High-level representatives of Hyundai Engineering and EXIM Bank also participated at the meeting

The outgoing prime minister underscored that Montenegro is facing difficult autumn and winter, but that long-term thinking is necessary.

“We have to build an energy-efficient country and we must do it as soon as possible,” Abazović pointed out.

Of note, UGT Renewables signed a memorandum of understanding with the Government of Serbia a year ago on the development of solar power plant projects of 1 GW in combined capacity.


Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles


CMS outlines energy project development rules in North Macedonia for investors

28 March 2023 - CMS Reich-Rohrwig answered several questions frequently asked by investors and other participants in the energy market in North Macedonia

interenergo salonit anhovo solar energy

Interenergo to install another 1.5 MW in rooftop photovoltaics for cement maker Salonit Anhovo

27 March 2023 - Salonit plans to independently cover 40% of the electricity needs of its production facilities in 2025, from renewables

Wind industry record growth 2025 bottlenecks looming

Wind industry set for record growth until 2025 but bottlenecks are looming

27 March 2023 - After a disappointing 2022, the wind industry can expect record installations in both onshore and offshore markets by 2025, GWEC said

Popescu Government Romania offshore wind energy bill

Popescu: Government of Romania to pass offshore wind energy bill next month

27 March 2023 - The Government of Romania is set to approve the offshore wind energy law in April, according to Minister of Energy Virgil Popescu.