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 […]
Hydropower plant Perućica beats quarterly production plan
Successful generation results marked the first three months of this year in the oldest large-scale power plant in Montenegro. Hydropower plant Perućica delivered the first volumes of electricity to the electrical power system in May 1960. It was named after well Perućica in its immediate vicinity. Around 385.5 GWh of electricity was generated in the […]
HPP Piva delivers 30 TWh over 40 years
Hydropower plant Piva started working on March 28, 1976. During four decades it generated and delivered to the system more than 30 billion kWh of electricity, state-owned utility Electric Power Company of Montenegro (EPCG) announced. Having three identical units with total capacity of 342 MW and a 42 kilometres long reservoir with a capacity of […]
EPCG receives invitation for SEEPEX, CROPEX
All energy entities in Montenegro are consulting the Ministry of Economy and the Energy Regulatory Agency after leaders of the countries in the region agreed at a summit in Vienna that every country must have its own power market or join a neighbouring one, state-owned utility Electric Power Company of Montenegro (EPCG) informed news agency […]
EBRD co-finances hydropower unit on Bistrica stream
As consortium Hydro Bistrica, concessionaire for the construction of small hydropower facilities on Bistrica river, reached an agreement with the European Bank for Reconstruction and Development (EBRD) about additional financing, the Government of Montenegro approved the contract for a loan of EUR 6 million. The concession contract from April 2014 enables the construction of one […]