EPCG to invest EUR 700 million to build new renewables capacities, upgrade other facilities
State power utility Elektroprivreda Crne Gore (ЕPCG) will invest a total of EUR 700 million to build new renewable energy capacities and upgrade its other power generation facilities to bring them into line with environmental standards, with the aim of reducing dependence on imports due to hydrologic conditions, local media reported following a session of […]
Government of Montenegro adopts bill on protection from negative impact of climate change
The Government of Montenegro has adopted a bill on protection from the negative impact of climate change and sent it to parliament for approval. Montenegro is one of the first countries in the region and the first Contracting Party to the Energy Community Treaty to adopt such a document. The key objective of the bill […]
Government to terminate contracts for small hydropower plants on six Montenegrin rivers
The Government of Montenegro has decided to terminate contracts for the construction of 10 small hydropower plants (SHPPs) on six rivers in the municipalities of Bijelo Polje, Plav, Andrijevica, and Šavnik. The decision to terminate the contracts was made at a government session held in Pljevlja. Prime Minister Duško Marković said that the construction of […]
Energy and climate policies overview – current situation and recommendations for the preparation of Montenegro’s NECP
Author: Danilo Barjaktarović, Director, EcoEnergy Consulting Montenegro has pledged to join the international community’s efforts to reduce greenhouse gas emissions. In addition, as a member of the Energy Community and a candidate for EU membership, Montenegro is committed to meeting the national goals in the fields of renewable energy, energy efficiency and greenhouse gas emissions […]
EPCG, KfW ink EUR 33 million loan for Phase II of HPP Perućica’s reconstruction
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has signed a EUR 33 million loan agreement with German development bank KfW for Phase II of a project to overhaul and modernize the Perućica hydropower plant (HPP), the country’s oldest. The loan agreement for the second phase of HPP Perućica’s reconstruction and modernization was signed by […]
Montenegro’s national park management company extends lease on Ulcinj Salina
The Montenegrin public company in charge of national parks, the JPNPCG, has extended its lease on Ulcinj Salina for another year, announcing it will continue to implement activities aimed at protecting the biodiversity of this unique artificial ecosystem. The lease on the salina, obtained from bankrupt sea salt producer Bajo Sekulić, was extended by signing […]
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 […]