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November 1, 2018

CGES, KfW sign EUR 20 million loan agreement for Luštica transmission project

Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem (CGES) and German development bank KfW have signed a EUR 20 million loan agreement for the Montenegrin Coast: Lustica Region Development. The…

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October 26, 2018

Fresh tendering planned for development of renewable energy sources – PM

Montenegrin Prime Minister Duško Marković has announced fresh tendering procedures for the leasing of state land intended for the construction of power plants using renewable energy sources, as well as…

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October 22, 2018

Fortum-EPCG consortium emerges as top bidder to build 250 MW solar power plant at Briska Gora

A consortium of Finland’s state energy company Fortum and Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has been ranked the number-one bidder to lease state land at the location…

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October 16, 2018

Revised strategy calls for setting up Timber Exchange

The revised forest and forestry development strategy for 2014-2023, adopted by the Montenegrin government last week, envisages setting up a Timber Exchange. The document is aligned with the new concept…

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October 15, 2018

Montenegro launching Energy Efficient Home program, seeking consultants for MEEP 2

Montenegro’s Ministry of Economy has said that it is launching the Energy Efficient Home program, aimed at cutting household heating costs and improving indoor comfort improvement, reducing CO2 emissions in…

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October 10, 2018

CEDIS issues invitation for prequalification for Smart Metering Completion Project

The Montenegrin distribution system operator (DSO), Crnogorski elektrodistributivni sistem (CEDIS), has published an invitation for prequalification for the procurement of an IT system for Meter Data Management and integration with…

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October 3, 2018

Residents vow to keep battling small hydropower plant Meteh

Residents in Plav in northern Montenegro recently again blocked the start of construction on the Meteh small hydropower plant (SHPP) on the Komarača river. They insist that the construction permit…

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September 12, 2018

EPCG calls bids for EUR 3.36 million overhaul of six generators at HPP Perućica

Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has invited bids for EUR 3.36 million worth of overhaul of six out of seven generators at the Perućica hydropower plant (HPP),…

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September 5, 2018

Companies invited to take part in interest-free financing program called Energy Efficient Home

Montenegro’s Ministry of Economy has invited suppliers, fitters and contractors in the field of household energy efficiency to apply to take part in its EUR 120,000 program called Energy Efficient…

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September 4, 2018

200-MW-plus Briska Gora solar project draws three bids

A project to build a solar power plant with an installed capacity of more than 200 MW on the Briska Gora locality has attracted three bids – from a consortium…

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August 24, 2018

Montenegro pays EUR 7.5 million in renewable energy subsidies in H1

Montenegro set aside a total of EUR 7.5 million in incentives for producers of electricity from renewable energy sources in the first six months of 2018, about EUR 4.3 million…

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August 23, 2018

EPCG’s shareholder assembly backs EUR 55.3 million dividend payment

Power utility Elektroprivreda Crne Gore’s (EPCG) shareholder assembly has backed a EUR 55.3 million dividend payment. The dividend will be distributed out of retained earnings, in the gross amount per share…

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