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, […]
Ksenija Karić takes helm at Schneider Electric Serbia, Montenegro
Ksenija Karić is the new CEO of Schneider Electric Serbia and Montenegro. According to the official announcement, Karić is replacing Dejan Marković at the position, and he will become the Energy and Services Director Southeast Europe after four years of managing the company in Serbia and Montenegro. Dragoljub Damljanović, who was the Southeast Europe Energy […]
Montenegro close to deal on 100.8 MW commercial wind farm with wpd
Negotiations on the lease in Brajići in the country’s south are said to be 95% complete. Montenegro is hiring German partners to develop the wind farm project on 23 hectares in the mountain above the city of Budva. The contract for an investment of EUR 101.3 million should be signed this month with a German […]
Montenegro to amend Law on Energy to boost renewables, regulate power exchange
A public call was issued for proposals and suggestions to remove obstacles for connecting structures to the grid, for the improvement of conditions for prosumers and to enable trade in electricity. Montenegro last changed its Law on Energy in 2017. The Ministry of Economy in Podgorica is receiving comments, proposals and suggestions until March 26 […]
Montenegro to boost support for solar prosumers, home energy efficiency
The authorities are working on changes in the Law on Energy to help increase the capacity of solar systems, the chief of the Directorate for Energy Marko Radulović revealed. With the new law, solar prosumers may get better conditions in Montenegro and the state is also preparing to include the technology in an energy efficiency […]
