EPCG, Končar DST sign EUR 2.3 million contract for HPP Perućica
Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) has awarded a EUR 2.25 million contract for the equipment for Perućica hydropower plant (HPP) to a consortium established by Končar DST and Electro Team. The firms will deliver five transformers as well as spare parts and special tools. The contract was signed by Igor Noveljić, CEO of […]
CGES earns EUR 3 million by auctioning capacity of submarine power cable
Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem (CGES) has earned EUR 3 million by auctioning the capacity of the undersea power cable between Montenegro and Italy. The electricity interconnector was put into operation in mid-November, and in December the Coordinated Auction Office in South East Europe (SEE CAO) has started the auction process for […]
Sekulić: Coal excise tax to cover Montenegro’s stimulus for renewables
Among her remarks in New Year interviews with several domestic media outlets, Montenegro’s minister of economy insisted households will continue to be exempted from premiums for electricity from renewable sources for the consumption of up to 300 kWh per month. Furthermore, Dragica Sekulić stressed, the 2019 directive on stimulus for such production of electricity and […]
Energy transition is region’s development opportunity, experts say in REPCONS survey
The energy transition is a development opportunity for the region, and the key factors for its implementation will be the European Union’s influence on local politicians as well as the downward trend in costs for wind and solar photovoltaic (PV) power plant technology, according to experts from Bosnia and Herzegovina, Montenegro and Serbia. They expressed […]
KfW continues to fund energy efficiency in public buildings in Montenegro
Germany’s KfW Development Bank is giving Montenegro a loan of EUR 45 million and a EUR 4.8 million grant for the third phase of the project for energy efficiency in public buildings. On behalf of the government in Podgorica, minister of finance Darko Radunović signed the credit contract while minister of economy Dragica Sekulić inked […]
Green Home files criminal complaint over Bijelo Polje SHPP plan
Two municipal departments failed to act but also exceeded authority, enabling concessionaire Hydro Lještanica to get clearance, environmentalists say
Italy-Montenegro yearly capacity auction offer lands at 140 MW
Following the launch of the interconnection across the Adriatic Sea, the Coordinated Auction Office in South East Europe or SEE CAO started the auction process for 2020 by offering the capacity of 140 MW in both ways. The operator received bids for the allocation of physical transmission rights (PTRs). After the announcement of the provisional […]
Možura wind farm, Montenegro’s second largest, officially starts operation
The Možura wind farm, Montenegro’s second largest, with an installed capacity of 46 MW, has been officially inaugurated. The EUR 90 million wind farm was put in operation by Montenegrin energy minister Dragica Sekulić and Maltese energy and water supply minister Joe Mizzi. The Možura wind farm was built by a consortium of Maltese state-owned […]
