Montenegro seeks bids to develop 200-MW-plus solar project
Montenegro’s Ministry of Economy has invited bids for a 30-year lease to 6,621,121 square meters of state-owned land to design, build, operate, and maintain a solar plant with an installed capacity of more than 200 MW. The minimum required bid for the solar plant project is EUR 0.05 per square meter a year, or a […]
EPCG inks wind farm MoU with Austria’s Ivicom, feed-in tariffs not planned
Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) and Austria-based Ivicom Holding have signed a memorandum of understanding (MoU) concerning the implementation of a project to build the Gvozd wind farm with a planned capacity of 50 MW, under an investment estimated at around EUR 70 million, EPCG has said in a press release. Financing for […]
Montenegro pays EUR 68.9 million to raise stake in power utility EPCG
The Montenegrin government has paid EUR 68.9 million to Italy’s A2A to increase its holding in power utility Elektroprivreda Crne Gore (EPCG) from 57.01% to 70.16%. With this move, Montenegro returned its ownership in the company to the level before partial privatization and recapitalization carried out in 2009. The number of shares acquired to boost […]
Informal Green Parliamentary Group established in Montenegro
The School of Democratic Leadership in cooperation with the members of the Montenegrin Parliament established an informal Green Parliamentary Group with the support of the German organization GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH). The aim of this project is to prioritize and put into the focus of decision making process the issues of environmental […]
Montenegrin Government to invite offers for solar plant project
The government of Montenegro said it would publish a tender for the leasing of land intended for the construction of a solar power plant in the Ulcinj municipality. A government press release said that the Ministry of the Economy would invite offers for the leasing of more than six million square meters of land for […]
EPCG approves EUR 9 million investments in HPPs
The Board of Directors of power utility Elektroprivreda Crne Gore (EPCG) approved the overhaul of unit 2 of hydroelectric power plant (HPP) Piva and the revitalization of the HPP Perućica. These two projects are worth a total of EUR 9 million while the entire investments in the two HPPs are expected to reach EUR 40 […]
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, […]