Formal launch of works on Krnovo wind power plant
Montenegro’s Krnovo Green Energy has marked the official start of construction works on the 72 MW Krnovo wind power plant with an estimated investment value of EUR 120 million, SeeNews portal cited local media reports. The consortium of France’s Akuo and Austria’s Ivicom has been awarded a permit to build the wind park. Krnovo Green […]
Bids invitation in Energy Wood II and call for PV systems
Ministry of Economy of Montenegro initiated the implementation of the program Energy Wood II, which aims to establish an attractive and sustainable financial mechanism for providing interest free loans for households for installation of modern biomass heating systems, and announced the invitation for bids for participation, the Directorate for Energy Efficiency said. A public invitation […]
Construction works for Krnovo wind project about to launch
Early May is set for the start of the development of first electricity generation system powered by wind in Montenegro, the country’s Economy Ministry told to Vikend novine. The paper reminded that Možur hill project near Bar is uncertain, as the investor backed out. Akuo Energy company, France’s leading independent producer of renewable energy, says […]
Interim deal to keep managing EPCG with A2A
The Government of Montenegro and Italian company A2A, leading shareholders of the Montenegrin electric power industry EPCG, have agreed on an interim agreement for a period of three months, following the expiry of the contract, Independent Balkans News Agency reported. The A2A will continue managing EPCG in the same way it was set out in […]
Electric power industry’s profit soared last year
CGES (Montenegrin Electrical Transmission System – Crnogorski elektroprenosni sistem) said its last year’s net income was EUR 12.4 million, 4.6 times more than the previous year, while the national power company EPCG’s (Elektroprivreda Crne Gore) profit was raised to EUR 34.77 million, 38% above the result from 2013. Both companies filed reports to Montenegro Stock […]
Slovenia plans to build Morača hydro plant with Turkey
President of Slovenia Borut Pahor said possibilities for expansion of cooperation with Turkey exist, namely in constructing the Morača hydroelectric power plant in Montenegro, RTV Slovenija said. At his official visit to Slovenia, the president of Turkey Recep Tayyip Erdoğan agreed with his counterpart and emphasized that cooperation could grow stronger mainly in the fields […]
Piva hydro plant produced almost 30 TWh in 39 years
Milan Radović, head of Piva hydropower plant, said 146 GWh was produced since the start of the year, in comparison to 782 GWh planned for 2015. He added last year’s investment in equipment was EUR 930,000, national energy company EPCG said on its website. The plant in the country’s northwest has 102 employees. The end […]
Norwegian company laid first part of transmission cable
The first, 140 kilometer phase of installing the Tivat‒Pescara underwater line, which shall be 390 kilometers long, was completed in mid-March by Nexans, web portal Analitika said. The Norwegian company is Italy’s Terna’s partner and it is yet to set another 250 km cable, which shall be connected to the first one. Another cable, 500 […]
