GEF supports development of green business in Montenegro
A Green Business Incubator is soon to be established in Montenegro within the project Growing Green Business in Montenegro. The project is supported by the Global Environment Facility (GEF) and implemented by the United Nations Development Program - UNDP.
Montenegro accelerates takeover of A2A shares in EPCG
The Government of Montenegro intends to increase the ownership in public power utility Elektroprivreda Crne Gore (EPCG) in May from 57,01 to 70,16%, instead of initially planned 63%. This is envisaged by the Proposal of the Contract on the execution of put option, which the Montenegrin Government adopted and submitted it to the National Assembly, […]
11 energy, environmental proposals on key infrastructure projects list
Montenegro’s National Investment Commission adopted a list of 36 key priority infrastructure projects, including 11 energy and environmental protection projects with more than EUR 1.2 billion earmarked for them. The Montenegrin Government press service said adding that the Commission submitted the list to the government to consider and adopt. The statement noted that a total […]
EPCG to invest EUR 67 million in hydropower, analysis for wind farm underway
Power utility Elektroprivreda Crne Gore (EPCG) plans to invest EUR 170 million in the next five years, out of which EUR 40 million in the revitalization of two hydropower plants (HPPs), Piva and Perućica, and EUR 27 million in diverting a part of the Zeta river into the Perućica hydropower system. Around EUR 60 million […]
Steag Energy to prepare design for eco-reconstruction of TPP Pljevlja
Preliminary design for the environmental reconstruction of the Pljevlja Thermal Power Plant in Montenegro is entrusted to Essen-based industrial group Steag Energy Services GmbH. The German company is specialized in the field of energy, both conventional and nuclear, as well as renewable sources. Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) announced it picked an offer […]
Montenegrin Government secures funds to buy A2A shares in EPCG
The Montenegrin Government adopted a budget rebalance which foresees EUR 70 million for the purchase of the Italian company A2A’s shares in power utility Elektroprivreda Crne Gore (EPCG). In July last year, the Italian company informed the Government of Montenegro about activating the put option, which officially launched the process of the company’s withdrawal from […]
Energy Community backs certification of transmission system operator CGES
The Energy Community Secretariat supports the certification of the Montenegrin transmission system operator Crnogorski Elektroprenosni Sistem (CGES) in line with the Preliminary Decision of the Regulatory Energy Agency of Montenegro (RAE). RAE is to adopt a final certification decision, taking utmost account of the Opinion of the Secretariat. The Secretariat’s Opinion on the certification of […]
Montenegro to buy part of transmission network from Krnovo wind farm
The Government of Montenegro has decided to purchase a part of the power transmission infrastructure which France’s Akuo Energy has built for its Krnovo wind farm. A European Union grant of EUR 5.8 million has been secured for the transaction. The 110/35 kV Brezna substation with a connection to the existing Nikšić-Brezna transmission line, as […]
