Invitation for participation in Montenegrin Energy Wood III program
The Ministry of Economy of Montenegro has issued a public invitation for distributors and installers of biomass heating equipment to participate in the Energy Wood III program, and a call to banks to submit a letter of interest for participation in this project. The Ministry of Economy has provided EUR 50,000 for the third phase […]
Montenegrin industry generated more than 680,000 tons of waste in 2016
Last year, the industry in Montenegro generated more than 680,000 tons of waste, and the energy sector was the major source of waste, according to data released by the Montenegrin statistical office Monstat. Of 686, 522 tons of generated waste, 49.2 percent or 337,620 tons was generated in the mining sector in 2016. The sector […]
Montenegrin capital gets grant to fund construction of waste water treatment plant
The European Union has approved a grant of EUR 9 million for the construction of a waste water treatment plant with a collector in the capital of Montenegro. The grant will be paid through the Western Balkans Investment Framework (WBIF) making Montenegro the first country in the region to get money for projects aimed at […]
Igor Noveljić appointed new executive director of Montenegrin power company EPCG
Former State Secretary at the Ministry of Economy of Montenegro Igor Noveljić has been appointed executive director of Montenegrin power company, Elektroprivreda Crne Gore (EPCG). On July 20, the EPCG Board of Directors accepted resignations submitted by outgoing executive director Tonino Maglio and three other Italian executives. They submitted the resignations in early July after […]
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 […]
