Regional electricity markets’ outlook for the near future
Author: Dejan Drašković, Chief Operating Officer, Montenegrin Power Exchange Since their emergence, power exchanges have become staunch promoters of market development: neutral entities advocating transparent electricity price formation, based on the current supply and demand. In order to find and secure liquidity, exchanges quickly started taking part in cross-border projects so as to carry out market […]
Six bids filed in lead-up to TPP Pljevlja’s overhaul
Six bidders are vying to produce a preliminary design plan for the ecological overhaul of Montenegrin power utility Elektroprivreda Crne Gore’s (EPCG) thermal power plant (TPP) Pljevlja with an installed capacity of 225 MW. After opening the bids for the job worth EUR 900,000 including VAT, EPCG said that it will start evaluating the offers […]
Montenegro is one step closer to opening Chapter 27
The European Commission (EC) has accepted Montenegro‘s final negotiating position’s draft for Chapter 27 and said that EC representatives have already been working on their negotiating document. A few days ago, Montenegro also engaged a consultant on this chapter. Montenegro submitted its Draft on January 22nd. The Montenegrin Negotiating team representatives subsequently had a video […]
EPCG inks deal for HPP Komarnica preliminary design plan
Montenegro’s electricity company Elektroprivreda Crne Gore (EPCG) has signed an agreement worth over EUR 1.6 million with a group of bidders from Serbia – Jaroslav Černi and Energoprojekt Hidroinženjering – to produce a preliminary design plan for hydropower plant (HPP) Komarnica. The contractors are also to prepare a feasibility study and an environmental impact study, EPCG has […]
UPDATE: Montenegro’s MEPX to start trading electricity by the end of this year
Trading at the Montenegrin Power Exchange (MEPX) should begin by the end of this year when a strategic partner is found and an operational process is implemented. The Power Exchange was established last year as a project company. The start of trading on MEPX is expected once a strategic partner is found, the one who will […]
Montenegro will not issue new energy license in 2018
The Ministry of Economy of Montenegro did not foresee issuing energy permits in 2018. The reason is that Montenegro is already close to reaching the national target of 33 percent of the produced energy from renewable energy sources (RES). The Government of Montenegro recently adopted the Energy Licensing Plan in 2018, which did not foresee […]
Oil company Jugopetrol eyeing electricity generation from renewable energy sources in Montenegro
Montenegro-based oil company Jugopetrol will try to expand its energy portfolio and to assess the potential of Montenegro in the production of electricity from renewable energy sources, which is its area of interest for investment, said Antonis Semelides, executive director at Jugopetrol. ’Jugopetrol, owned by Greece’s Hellenic Petroleum, has already announced plans to transform from […]
Phased ban of incandescent bulbs starts July 1 this year in Montenegro
From July 2018, it is not going to be possible to buy traditional incandescent bulbs of 100 W or more in Montenegro. According to the Regulation on requirements for ecodesign of incandescent bulbs for households, this is only the first step in a phased ban of conventional lightbulbs from the market. The Montenegrin Ministry of Economy […]
