Blocking of A2A shares will not affect EPCG’s takeover, says Montenegrin government
The High Court of Montenegro has blocked shares of the Italian company A2A in Montenegrin power company, Elektroprivreda (EPCG), due to the legal procedure which has been conducted against several former managers of the company. The Montenegrin authorities claim that this will not jeopardize the takeover procedure launched in early July. A2A officially launched the […]
49 percent of energy savings achieved after reconstruction of public buildings in Montenegro
The annual consumption of energy dropped by 49 percent in most of the buildings reconstructed under a program to raise energy efficiency levels in public buildings, the Montenegrin Ministry of the Economy said. The energy efficiency adaptation program covered 43 buildings and monitoring showed that huge energy savings were made in 39 of them. The […]
Italian A2A offers its EPCG shares to Government of Montenegro for EUR 250 million
The Italian energy company A2A has offered to the Government of Montenegro its shares in the Montenegrin power company, Elektroprivreda Crne Gore (EPCG) for EUR 250 million. A2A submitted to the Government of Montenegro the Put Option notice which refers to the sale of the whole stake owned by the Italian company in EPCG for […]
Montenegro needs stable and innovative ways of energy efficiency financing
The legal framework for implementation of energy efficiency measures in Montenegro is adequate but it encounters several barriers, including lack of financing, the round table on energy efficiency organized by NGO Green Home on the occasion the EU Sustainable Energy Week (EUSEW) was told. The solution could be also provided through public-private partnerships (PPP) and […]
Serbian power company EPS wants to buy shares in EPCG Montenegro media claim
Montenegrin media reported that the Serbian electric power company (EPS) is interested in buying shares of the Montenegrin electric power company (EPCG) from the Italian A2A but the EPS is neither denying nor confirming the report. The media in Podgorica claim that the EPS intends to buy the 41.7% share of the EPCG owned by […]
Montenegro gets its power exchange, another step towards regional market
Elektroprivreda Crne Gore (EPCG), national power utility company of Montenegro, Montenegro Electricity Market Operator (COTEE) and Montenegrin Power Transmission System (CGES) signed yesterday an agreement on establishing Montenegro power exchange and the power exchange’s statute. The Minister of Economy of Montenegro Dragica Sekulić said that the establishment of the power exchange creates conditions for more competitive […]
Danilovgrad Municipal infrastructure project – invitation for tenders
Danilovgrad’s public utility company Waterworks and Sewerage (Vodovod i kanalizacija) is inviting sealed tenders from contractors for the construction of wastewater treatment plant in this town in the central part of Montenegro. The project includes design works and construction of wastewater plant in Danilovgrad. The wastewater is proposed for design capacity 6,000 population as well […]
Montenegrin winery Plantaže switches to biomass to produce energy
Regional energy services company GGE will provide support to Montenegrin winery Plantaže AD, the largest winery in the Balkans, to reduce its energy costs and improve its environmental footprint. Plantaže AD and regional ESCO company GGE , have signed a contract for the installation of a new biomass steam boiler to use wine cuts as new biomass […]
