EU, US, Chinese companies interested in EPCG acquisition
Companies from the European Union, the US, and China are interested in the acquisition of power utility Elektroprivreda Crne Gore (EPCG), Economy Minister Dragica Sekulić has said. In an interview with Pobjeda, she said that strong interest implies a greater responsibility in the process of selecting a strategic partner for EPCG. Montenegro will seek a […]
CGES to pay dividend from retained earnings from previous years
Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem’s (CGES) shareholder assembly has backed a EUR 16.2 million dividend payment, the company said on its website. On the last day of 2018, the company’s shareholder assembly adopted the decision to allocate a gross EUR 16.24 million in dividends. This is a part of the company’s retained earnings […]
CEDIS signs EUR 22 million agreement to upgrade distribution network
Montenegrin distribution system operator (DSO) Crnogorski elektrodistributivni sistem (CEDIS) and the consortium of Montenegrin companies Mezon, Electro Team and Ramel have signed a EUR 22.4 million Framework Agreement for a project to revitalize the medium and low voltage distribution network. The Framework Agreement was signed for a period of 24 months, the company said on […]
Contract signed to build 250 MW solar power plant
The Montenegrin government has signed a contract on the construction of a 250 MW solar power plant at the Briska Gora location with a consortium comprising Finland’s state energy company Fortum, Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG), and Sterling & Wilson International Solar FZCO, according to a press release from the Ministry of […]
Montenegro to start phasing out feed-in tariffs for renewables in 2020
The Government of Montenegro has decided to start gradually reducing feed-in tariffs for renewable energy sources as of January 1, 2020, and announced it will continue to promote the construction of wind farms, solar power plants, and large hydropower plants without guaranteed incentive prices, Montenegrin media reported. The government has adopted regulations that will put […]
Power utility EPCG plans to launch tendering for reconstruction of 5 small HPPs
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) plans to launch tendering in the third quarter of 2019 to select a contractor to produce, deliver, and install equipment, as well as a contractor to produce the main design plan for a project to overhaul and modernize five small hydropower plants (SHPP), EPCG has said in […]
Sustainability in focus of Montenegrin energy development in 2019
The beginning of the operation of the Montenegro-Italy submarine power cable in mid-2019, doubled wind power generation, and the start of solar power plants’ production, as well as a complete transition of aluminum plant KAP from heating oil to natural gas, will mark developments in the energy sector in 2019, according to the Energy Plan for 2019 […]
Montenegro opens chapter 27 of EU accession talks
Montenegro has opened chapter 27 of EU membership negotiations, which deals with the environment and climate change. To provisionally close the most demanding and expensive chapter of EU accession talks, Montenegro will have to meet benchmarks concerning matters from air quality to the water sector and the EU Emissions Trading System (EU ETS), according to […]
