EUR 32 million loan to Montenegro to complete smart metering project
EUR 32 million loan to Montenegro was approved by London based European Bank for Reconstruction and Development (EBRD) to finalize the introduction of smart metering system in the country. The loan will be used by Montenegrin electricity distribution company Crnogorski elektrodistributivni system (CEDIS) for the purchase of 60,000 smart electricity meters. Once the smart metering […]
Sekulić: Montenegro takes steps towards establishing power exchange
Three leading companies in the Montenegrin power system have taken steps towards establishing a power exchange in the country, Minister of Economy of Montenegro Dragica Sekulic announced. Elektroprivreda Crne Gore (EPCG), national power utility company of Montenegro, Montenegro Electricity Market Operator (COTEE) and Montenegrin Power Transmission System (CGES), as founders, have already undertaken certain activities in […]
Energy efficiency upgrade in Montenegro health care centers
The Montenegrin Ministry of the Economy has secured almost EUR 850,000 to improve the energy efficiency of five local health care institutions, the ministry said in a statement. A total of EUR 846,000 will be invested in five local health care center buildings as part of the project titled Energy Efficiency in Montenegro. Work on the […]
Krnovo wind park started trial electricity production
Wind power plant in Krnovo, Montenegro, launched trial electricity production on 5 out of 26 wind turbines installed. Wind park has MW 72 of installed power and it is one of the largest facility of that type in the region. According to plan, production will be increased gradually, followed by technical tests. If the tests […]
EPCG joining SEEPEX later this year just the first step in further integration with other power markets
Elektroprivreda Crne Gore (EPCG), national power utility company of Montenegro is currently preparing paper work to become member of SEEPEX, licensed Serbian power market operator. CEO of SEEPEX Miloš Mladenović sees this move as mutually beneficial, one which will provide EPCG with safe and stable energy trading platform, along with increased regional presence and improved […]
Podgorica to get electricity fueled by biogas from waste
The municipal operator of the landfill in Montenegro’s capital city initiated the construction of the Balkan nation’s first power plant that will run on biogas from waste. Deponija d.o.o.’s head Arsenije Boljević told Anadolu Agency said methane has been burned for the past decade in Podgorica and not utilized. The plan is to tap the […]
Slovenia interested in undersea power line, hydropower plants in Montenegro
On the first day of the Joint Commission for the implementation of the Agreement on Economic Cooperation between Montenegro and Slovenia, the alpine country has shown interest in expanding energy sector cooperation with Montenegro by utilizing the capacity of the undersea high-voltage power line that will link Montenegro to Italy, and by taking part in […]
Parliament of Montenegro adopts Annex of EPCG management contract
The Parliament of Montenegro adopted the Annex of the shareholders’ agreement between the Government and Italian company A2A concerning the management of Electric Power Company of Montenegro (EPCG). The Annex extended the contract on EPCG management until June 30 this year, after the shareholders’ agreement previously expired on December 31, 2016. The decision was published […]