Montenegro awards deal to EPCG for hydropower plant Komarnica
State-owned power producer Elektroprivreda Crne Gore got the right to build Montenegro’s first hydroelectric station in four decades and run it for up to 60 years. Hydropower plant Komarnica will cost EUR 260 million to EUR 290 million, more than in the previous official estimate. Minister of Economy of Montenegro Dragica Sekulić handed the concession […]
Land lease agreement signed for Brajići wind farm
A consortium led by German renewable energy firm wpd has signed a land lease agreement for wind farm Brajići near the Montenegrin coastal city of Budva, a project valued at EUR 101.3 million. The Brajići wind farm, with an installed capacity of slightly over 100 MW, is projected to generate around 220 GWh of clean […]
EPCG overhauls small hydropower plant Glava Zete, replaces two transformers at HPP Perućica
Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) has completed an overhaul of small hydropower plant Glava Zete, operated by its joint venture with Norwegian firm NTE. The state-owned utility has also replaced two transformers at its hydropower plant Perućica. The modernization of Glava Zete was part of an EUR 8 million project that also […]
EU expects Montenegro to investigate Možura wind farm allegations
The European Commission expects a “credible, independent, and efficient” investigation into allegations of corruption surrounding the construction of the Možura wind farm, according to the commission’s spokesperson, Ana Pisonero. The corruption allegations had also been the subject of an investigation conducted by the murdered Maltese journalist Daphne Caruana Galizia. Assistant director of the Montenegrin Police […]
TENDERING: EPCG looking for project design for new unit at HPP Perućica
Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) has announced an international tendering for the preparation of project documentation for installing a 58.5 MW unit at hydropower plant (HPP) Perućica. The preparation of the project documentation for the A8 unit will be financed with a portion of a loan approved by the German development bank […]
PPC, EPCG get EUR 210 million in loans to absorb coronavirus challenges
State-owned power utilities from Greece and Montenegro – Public Power Corporation (PPC) and Elektroprivreda Crne Gore (EPCG), have secured loans in the amount of EUR 210 million to absorb the challenges presented by the coronavirus pandemic. The loans, approved by the European Bank for Reconstruction and Development (EBRD), will enable the companies to continue to […]
Environmentalists alert UNESCO of ‘ecocide’ of Tara river in Montenegro
Activists in Montenegro informed UNESCO of the destruction of wildlife in the Tara, a world heritage site, and suggested construction material is being discharged into the river during the construction of small hydropower plants and a highway. Most of Tara river’s flow through Montenegro has become muddy from thousands of tons of gravel, soil and […]
Energy companies in Montenegro to invest EUR 734 million by 2024, EUR 1 billion in total
Energy companies in Montenegro plan to invest more than EUR 1 billion, of which EUR 734.6 million in the next four years, according to the third socio-economic package, adopted by the government to mitigate the coronavirus pandemic effects. The largest part of these investments will be implemented by state-owned companies Elektroprivreda Crne Gore (EPCG), Crnogorski […]