EPCG calls bids for EUR 3.36 million overhaul of six generators at HPP Perućica
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has invited bids for EUR 3.36 million worth of overhaul of six out of seven generators at the Perućica hydropower plant (HPP), as part of a project to ensure reliable electricity production at the HPP Perućica over the next 20 to 30 years. A contractor to overhaul […]
Companies invited to take part in interest-free financing program called Energy Efficient Home
Montenegro’s Ministry of Economy has invited suppliers, fitters and contractors in the field of household energy efficiency to apply to take part in its EUR 120,000 program called Energy Efficient Home. The Energy Efficient Home program aims to establish a sustainable mechanism of interest-free financing that will help households switch to biomass (pellet and briquette) […]
200-MW-plus Briska Gora solar project draws three bids
A project to build a solar power plant with an installed capacity of more than 200 MW on the Briska Gora locality has attracted three bids – from a consortium of Finland’s state energy company Fortum and Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG), Chinese-Maltese International Renewable Energy Development Limited (IREDL), and the Montesolar […]
Montenegro pays EUR 7.5 million in renewable energy subsidies in H1
Montenegro set aside a total of EUR 7.5 million in incentives for producers of electricity from renewable energy sources in the first six months of 2018, about EUR 4.3 million of which went to Krnovo Green Energy, which operates the Krnovo wind farm, Pobjeda has learned, according to local media. From May 1, 2014, when […]
EPCG’s shareholder assembly backs EUR 55.3 million dividend payment
Power utility Elektroprivreda Crne Gore’s (EPCG) shareholder assembly has backed a EUR 55.3 million dividend payment. The dividend will be distributed out of retained earnings, in the gross amount per share of EUR 0.4214. At the 16th regular meeting held in Nikšić, shareholders also adopted financial and consolidated reports for 2017 and the company’s annual report, […]
Montenegro setting up Eco Fund, opening of chapter 27 expected by end-2018
Montenegro has opened 31 out of 35 chapters of EU membership talks so far, while the opening of the most demanding and expensive one, chapter 27, is expected by the end of 2018. Meeting obligations under the environment chapter will require EUR 1.4 billion in investments by 2035, and the Eco Fund is expected to […]
CEDIS to invest EUR 81.6 million in distribution network, tendering expected by end-October
Tendering for the selection of equipment suppliers and contractors for a project worth EUR 81.6 million to revitalize the Montenegrin power distribution network is expected by the end of October, while the start of the works is planned for February next year. The investments will be implemented by the Montenegrin distribution system operator (DSO), Crnogorski elektrodistributivni […]
Nord Pool, EPEX SPOT interested in strategic partnership with Montenegrin power exchange
Nord Pool and EPEX SPOT are interested in getting stakes in the Montenegrin Power Exchange (MEPX), which is starting preparations for a tendering procedure to select a strategic partner, with plans to launch operations in the third quarter of 2019, the Montenegrin government has said on its website. A document on regional energy market integration […]
