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, […]
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 […]
