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April 1, 2015

Electric power industry’s profit soared last year

CGES (Montenegrin Electrical Transmission System – Crnogorski elektroprenosni sistem) said its last year’s net income was EUR 12.4 million, 4.6 times more than the previous year, while the national power…

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March 27, 2015

Piva hydro plant produced almost 30 TWh in 39 years

Milan Radović, head of Piva hydropower plant, said 146 GWh was produced since the start of the year, in comparison to 782 GWh planned for 2015. He added last year’s…

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March 23, 2015

Norwegian company laid first part of transmission cable

The first, 140 kilometer phase of installing the Tivat‒Pescara underwater line, which shall be 390 kilometers long, was completed in mid-March by Nexans, web portal Analitika said. The Norwegian company…

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March 16, 2015

EIB approves EUR 70 million loan for SME projects in Montenegro

Investment and Development Fund (IRF) of Montenegro presented this year’s financial support and signed a contract with the European Investment Bank (EIB) for a EUR 70 million loan, part of which…

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