Montenegro presents energy efficiency action plan
The third energy efficiency action plan (EEAP), for 2016-2018, was prepared by the Ministry of Economy and adopted by the government on June 30. The plan was presented in the Chamber of Economy of Montenegro at the meeting of the Coordination Committee for Energy Efficiency and the Environment. The document complies with the requirements of […]
Contract for Trans-Balkan Electricity Corridor signed
Minister of Economy Vladimir Kavarić said good energy connectivity is necessary for future investments in the energy sector and free flow of energy through the country. That brings Montenegro financial and strategic benefits, he added at a press conference about the construction of the Trans-Balkan Electricity Corridor – Section Montenegro, funded by the European Union […]
GGF teams with Alter Modus to support green finance
A senior loan of EUR 2 million to boost the emerging segment of energy efficiency was announced by Green for Growth Fund (GGF) for Alter Modus Ltd. Montenegro’s largest microfinance institution, with a market share of 70%, recognized the importance of financing and the growth potential in the sector, the press release said. The investment […]
Zumtobel donates public lighting system to Podgorica
The first phase of the switch to LED lamps in a donation of Austrian Zumtobel Group to the capital of Montenegro was finished. A section of one of the main streets of Podgorica got lighting produced by Thorn, and the works in the EUR 30,000 worth project are continuing. Deputy mayor Časlav Vešović expressed appreciation […]
A2A and Government of Montenegro reach agreement
Italian partner A2A will remain to be co-owner in Montenegrin Electric Power Company (EPCG), while the second block of thermal power plant Pljevlja will still be built. Domestic media reported only an official confirmation is expected from A2A about the agreement for the next five years. The facility will cost EUR 340 million, mostly financed […]
Italy to use Montenegro as bridge to Balkans energy market
Connecting Italy and Montenegro by a submarine power cable is a priority for Terna SpA, company’s chief executive Matteo del Fante said. In a statement carried by Dnevne novine, he also marked the Balkan country as a bridge that will allow Italy to enter the Balkans energy market. The focus of the Italian company in […]
EPCG invests over EUR 2 million in electrical grid of Ulcinj
Power supply in the municipality of Ulcinj will be better and safer the following season due to an investment by the Montenegrin Electric Power Company (EPCG). The state-controlled utility recently launched works in the central part of the town, located in the country’s south. The project of a new substation is underway, and the facility […]
GIZ donates MVP software to Government of Montenegro
The objective of the handover of the Monitoring and Verification Platform (MVP) to the Ministry of Economy of Montenegro, as partner of the Open Regional Fund for South-East Europe – Energy Efficiency (ORF-EE) project, is to provide support for more efficient and effective policy formulation in the sector of energy efficiency, Deutsche Gesellschaft für Internationalle […]
