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.


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