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July 30, 2015

Draft energy law sent to parliament for adoption

The Government of Montenegro said it approved the Bill on Energy and that the document enables electricity market’s development and creates preconditions for gas market’s development. New regulations, harmonized with…

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July 24, 2015

EBRD approves funds for Krnovo wind power plant

The European Bank for Reconstruction and Development (EBRD) is supporting the first commercial wind power plant in Montenegro, to be located at Krnovo, near the town of Nikšić in the…

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May 8, 2015

Formal launch of works on Krnovo wind power plant

Montenegro’s Krnovo Green Energy has marked the official start of construction works on the 72 MW Krnovo wind power plant with an estimated investment value of EUR 120 million, SeeNews…

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April 17, 2015

Bids invitation in Energy Wood II and call for PV systems

Ministry of Economy of Montenegro initiated the implementation of the program Energy Wood II, which aims to establish an attractive and sustainable financial mechanism for providing interest free loans for…

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April 13, 2015

Construction works for Krnovo wind project about to launch

Early May is set for the start of the development of first electricity generation system powered by wind in Montenegro, the country’s Economy Ministry told to Vikend novine. The paper…

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April 3, 2015

Interim deal to keep managing EPCG with A2A

The Government of Montenegro and Italian company A2A, leading shareholders of the Montenegrin electric power industry EPCG, have agreed on an interim agreement for a period of three months, following…

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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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