EPCG is negotiating with EBRD loan for Gvozd wind farm

Power utility Elektroprivreda Crne Gore (EPCG) is negotiating a loan with the European Bank for Reconstruction and Development (EBRD) to finance the construction of the Gvozd wind farm. At the beginning of September last year, shareholders of EPCG approved the investment in the construction of the 54.6 MW Gvozd wind farm with Austria’s Ivicom Holding. […]

Montenegrin power exchange BELEN to start trading toward year-end

Trading on the Montenegrin Power Exchange (MEPX) should start late in the year, said Dragana Radulović, PR and technical secretary of Berza Električne Energije (BELEN). In March last year, BELEN selected Nord Pool as a partner in establishing a day-ahead electricity market in Montenegro. Negotiations with Nord Pool are near completion Negotiations with Nord Pool […]

EPCG signs agreement on TPP Pljevlja environmental overhaul

Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) has signed an agreement worth over EUR 54 million on an environmental overhaul of its coal-fired thermal power plant (TPP) Pljevlja, a project that will extend the plant’s lifespan by 30 years and greatly reduce its impact on the environment. The agreement on the environmental overhaul was […]

EPCG may opt to take on a partner for HPP Komarnica project

Montenegrin state-owned electricity producer Elektroprivreda Crne Gore (EPCG) has the right to decide whether to build the planned 170 MW hydropower plant (HPP) Komarnica on its own or in cooperation with a partner, according to Economy Minister Dragica Sekulić. It is only natural that the Komarnica project be carried out by EPCG, but it is […]