Litostroj, ABB to modernize HPP Piva
Power utility Elektroprivreda Crne Gore (EPCG) and a consortium of Slovenia’s Litostroj and Italy’s ABB JV have signed a contract on a EUR 10.3 million reconstruction and modernization of the Piva hydropower plant (HPP), the Montenegrin company said. The contract, which will be financed by German development bank KfW with EUR 8.5 million and from […]
Germany’s WPD eyes EUR 100 million wind farm investment, government announces tendering
Vjetroelektrana Budva has submitted a request for opening a tendering procedure for the construction of a wind farm at the Brajići locality in the Budva and Bar municipalities, the Montenegrin government has announced, adding that it authorized the line ministries to prepare tendering documents and issue a public invitation of bids. According to a document […]
8 companies buy documentation for Briska Gora project
Eight companies have purchased tendering documentation so far for leasing land on the Briska Gora location to build a solar plant, Vijesti has been told at Montenegro’s Ministry of Economy. Unnamed ministry officials who spoke to the daily would not reveal which companies bought the documentation given that the tendering procedure is ongoing, with the […]
EPCG swings to net profit of EUR 42.8 million in H1
Power utility Elektroprivreda Crne Gore (EPCG) had a net profit of EUR 42.8 million in the first half of 2018, the company said on its website, adding that its Board of Directors has adopted a decision on the 2017 consolidated results, which show that EPCG Group’s net profit stood at EUR 1.5 million last year. EPCG’s […]
GGF Impact Stories: Improving energy efficiency in Montenegro
The Green for Growth Fund (GGF), which was initiated as a public-private partnership in December 2009 by German development bank KfW and the European Investment Bank (EIB), surpassed major milestones in 2017, increasing the total financing it has provided to final borrowers to over EUR 600 million across more than 25,000 individual projects. The GGF […]
Montenegro gets EUR 6 million World Bank loan for energy efficiency
Montenegro plans to invest EUR 6 million in the implementation of energy efficiency measures at 18 health care facilities by 2023, as part of the Montenegro Energy Efficiency Project 2 (MEEP 2). The funds have been secured through a World Bank loan. The loan agreement was signed by Montenegrin Finance Minister Darko Radunović and the […]
Montenegro starts phasing out inefficient incandescent light bulbs
Montenegro has launched a phase-out of traditional filament incandescent light bulbs starting with the highest wattage – 100-watt conventional incandescent light bulbs and above, as part of a new legal framework introducing the EU’s ecodesign requirements for a range of energy-using and energy-related products. The rulebook to progressively ban conventional incandescent light bulbs in favor […]
River flow regulation, sedimentation, renewable energy investment core of new project in the Drina River Basin
Bosnia and Herzegovina, Montenegro and Serbia have agreed to jointly investigate options for formalizing river flow regulation, occurrence of erosion and sedimentation, as well as ways to promote investment into renewable energy in the framework of a new project funded by the Italian Ministry for the Environment, Land and Sea and implemented by United Nations […]
