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 […]
EPCG to launch energy renovation project at headquarters building
Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) is launching an energy renovation project at its headquarters building. The first stage involves installing solar panels on the roof and the parking lot. The energy renovation project at the company’s headquarters building in the city of Nikšić would enable covering about 40% of its energy needs […]
Montenegro proposes plan for Komarnica hydropower plant of 170 MW
An investment of EUR 246.5 million is underway as the cabinet led by Prime Minister Duško Marković opted for the version of the project of the Komarnica hydropower plant that is the least harmful to the environment. The detailed special plan for the area in Šavnik and Plužine defines a facility with an annual production […]
Montenegro expands PV plant Briska gora to 262 MW in spatial plan
The government in Podgorica has outlined the changes to the spatial and urban development plan for the municipality of Ulcinj to expand the land for Briska gora PV plant, as agreed with the consortium developing the project. The facility’s capacity will reach 262 MW compared to initial plan for a 250 MW solar power plant. […]
Introduction of emissions trading is request of our time and no matter of choice
With the adoption of the climate change law and the introduction of an emissions trading system, Montenegro solidified its position as the region’s leader in energy transition. It seems the political elite and experts have no doubts on which way to go, which is best seen in the words of Ešef Husić, Director General of […]
Podgorica starts construction of EUR 50 million wastewater treatment system
The City of Podgorica has started the construction of the main sewage collector within a wastewater treatment system project, an investment of more than EUR 50 million. Mayor Ivan Vuković said the project of the century for the capital of Montenegro, as it is called, provides protection of the Morača river, groundwaters and water supply […]
EPCG to invest EUR 51 million in 2020
Power utility Elektroprivreda Crne Gore (EPCG) intends to invest EUR 51 million this year in projects within the electricity generation sector and the development and engineering department. Last year, EPCG’s capital expenditures were EUR 9.35 million, and in October it announced EUR 700 million would be invested in new renewable energy capacities. The construction of the Briska […]
EPCG’s net profit plunges 35.7% in 2019
Montenegrin state power utility Elektroprivreda Crne Gore’s (EPCG) net profit in 2019 dropped 35.7% against 2018, to EUR 28.3 million, according to EPCG’s annual report. In 2018 the company posted a net profit of EUR 44.1 million. Operating revenues stood at EUR 323 million in 2019, an increase of EUR 20 million compared to 2018, […]