Montenegro ranks concessions for four small hydro projects
The Ministry of Economy of Montenegro said a tender commission has determined the rankings in the procedure of granting concessions for the construction of small hydro stations to produce electricity at locations on four watercourses in the country’s north and central areas, while the offer for Sjevernica was rejected as invalid. First-ranked bidders were selected […]
Terna gets building permit for undersea cable
The Ministry of Sustainable Development and Tourism issued a building permit to company Terna Crna Gora d.o.o. for the installation of an undersea power cable through Montenegrin territory. The building permit is issued for setting up the 500 kV high voltage, direct current (HVDC) submarine and underground cable for electricity transmission in the section through […]
Montenegro Parliament ratifies shareholder contract with A2A
Lawmakers voted to accept the draft agreement with the state’s Italian partners in Electric Power Company of Montenegro (EPCG) late on July 29. A2A gets managing rights but also more responsibility, vice premier Vujica Lazović stated. The motion was passed with 41 votes in favor and 11 against. “The state will have bigger control over […]
New business sector emerging from energy efficiency technologies
Montenegro has been intensifying efforts to promote and help fund energy efficiency activities through the Directorate for Energy Efficiency, which stimulates consumers of energy: households, the public sector, firms and municipalities. Dragica Sekulić, who heads the body established by the Ministry of Economy, says the efforts focus on creating a long-term financing scheme with adapted […]
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 […]