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 […]
Western Balkans to experience temperature increase of 4C by end of century – study
Regional Cooperation Council (RCC) has published a Study on Climate Change in the Western Balkans, showing alarming increase of temperature over the whole territory, with observed temperature increase of 1.2 degrees Celsius in the near future, destined to warm further by 1.7 – 4C and even exceeding 5C by the end of the century, depending […]
Montenegro gives up on waste incinerator option
The Montenegrin government has recently adopted a decision amending the state waste management plan for 2015-2020, eliminating an option to build a waste incinerator, though still allowing for smaller thermal treatment facilities. Prior to the amendments, the waste incinerator was envisaged as an option at a waste management center in Nikšić, which was disputed by […]
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 […]
