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 […]
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 […]