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 […]
UAE’s Masdar signs deal to invest in Montenegro wind farm Krnovo
Masdar, Abu Dhabi-based renewable energy company has signed a share purchase agreement with Akuo Energy, the leading French IPP in renewable energy, to enter into Krnovo wind farm in Montenegro, which is on stream since November 2017. Both sides announced that under the agreement, Masdar will acquire 49% of Krnovo Green Energy. The agreement was signed […]
EPCG launches tendering to produce design plan for TPP Pljevlja ecological overhaul
Power utility Elektroprivreda Crne Gore (EPCG) has issued a public invitation of tenders to produce a preliminary design plan for ecological reconstruction of coal-fired power plant Pljevlja. The deadline for submission is February 1, and the estimated value of the deal is EUR 900,000. The best bidder will have seven months to do the job. […]
Energy Wood III – EUR 10,000 still available for biomass heating systems
The implementation of the third phase of the Energy Wood project, which started in October last year in Montenegro, will continue in 2018, until the remaining EUR 10,000 for modern biomass heating systems are spent. Over the past three months, more than 200 interest-free loans have been approved for biomass (pellet and briquettes) heating systems. Still, […]
Montenegro to publish tender for water management project
Montenegrin Directorate of Public Works announced intention to publish tender for Support to the Implementation and Monitoring of Water Management until end of January. “The objective of the project is to strengthen the institutional, administrative and monitoring capacities of the Montenegrin water management sector institutions in order to improve environmental protection,” Directorate of Public Works […]
