EPCG shareholders approve investment in Gvozd wind farm project
Shareholders of state power utility Elektroprivreda Crne Gore (EPCG) have approved an investment into a joint EUR 58 million project with Austria’s Ivicom Holding to build the Gvozd wind farm, RTCG reported following a meeting of EPCG’s shareholders. Ivan Mrvaljević, head of development and engineering at EPCG, said earlier this year that EPCG could launch […]
EUR 8 million in incentives paid to Montenegrin renewables producers in January-July
Producers of electricity from renewable energy sources in Montenegro received a total of EUR 8.08 million in state incentives in the first seven months of 2019, an increase of 3% compared with the same period last year, according to data from the Montenegrin Electricity Market Operator (COTEE), RTCG has reported. Krnovo Green Energy’s wind farm […]
TENDERING: Montenegro leasing land for wind farm on Brajići locality
Montenegro’s Ministry of Economy has launched tendering for a long-term lease to state land for the construction of a wind farm with a minimum installed capacity of 70 MW on the Brajići locality in the municipalities of Budva and Bar. The land on the Brajići locality spans 13,791,606 square meters. The minimum lease fee requested […]
Electricity customers in Montenegro to get EUR 20-200 for poor supplier, system operator service
From August 8, customers in Montenegro will receive financial compensation of EUR 20-200 in situations when the minimum quality of electricity supply is not met, the Energy Regulatory Agency (RAE) of Montenegro has said on its website. Customers may file complaints about events occurring from August 8, within 30 days of the event which resulted […]
Green for Growth Fund backs microfinance institution Alter Modus’ energy efficiency lending
The Green for Growth Fund (GGF) has provided a senior loan of EUR 1.5 million to the microfinance institution Alter Modus. This transaction further broadens and diversifies the fund’s geographic and operational scope with financing for Montenegro’s growing energy efficiency market. The GGF’s new investment will support Alter Modus, Montenegro’s leading microfinance institution, in further […]
Ulcinj Salina declared protected area – ecosystem services seen as way forward
Environmental activists and bird lovers around the world are celebrating an important victory in Montenegro. Ulcinj Salina has been declared a protected area by the local municipality and proposed by the Government for the inclusion on the Ramsar List of Wetlands of International Importance. Efforts now will include restarting salt production and regulating other ecosystem services […]
Investment in HPP Komarnica to reach EUR 238 million – study
The value of investment in the construction of the Komarnica hydropower plant (HPP) in Montenegro is estimated at EUR 237.9 million, according to the concept of the detailed spatial plan for the multipurpose water reservoir on the Komarnica river. The proposed installed capacity of HPP Komarnica is 168 MW and the estimated annual electricity production […]
Solar-powered ferries launched in Montenegro’s Bay of Kotor
Montenegro’s Bay of Kotor, known as Boka, has a new form of environmentally-friendly public transportation – solar-powered ferries. Two boats, one electric and one hybrid, are part of the Bella Boka project. They have been built by the eponymous company with the support of the Ministry of Sustainable Development and Tourism, the Montenegrin Chamber of […]