EBRD approves funds for Krnovo wind power plant
The European Bank for Reconstruction and Development (EBRD) is supporting the first commercial wind power plant in Montenegro, to be located at Krnovo, near the town of Nikšić in the western part of the country. Also, the government in Podgorica agreed on July 23 for French development bank of Proparco to join the project lenders. […]
Construction of EUR 1.5 million substation begins
Power enterprise Elektroprivreda Crne Gore AD Nikšić (EPCG) said it started the EUR 1.5 million worth construction of 35/10 kV Popovići substation in the southern town of Bar, after a rise in the number of customers by 40% in the last decade, and an increase in consumption, especially during the tourist season. Saša Milovanović, manager […]
EBRD, KfW finance Krnovo wind park project
Julio Moreno, head of the European Bank for Reconstruction and Development’s country office, announced an investment of EUR 48.5 million in Krnovo wind farm in an interview for Portal Analitika. The project worth a total EUR 130 million will be supported in cooperation with KfW Development Bank of Germany, he added. „It will be the […]
Three small hydropower projects soon up for bids in Montenegro
Hydrological research showed the total potential capacity of the small hydropower units in Montenegro would be 7.2 MW, with an estimated yearly production of 30.9 GWh. The government in Podgorica is preparing a public competition for concessions on future small hydropower plants, SHPPs, on three streams: in Šavnik, Kolašin and Mojkovac, as reported by Pobjeda […]
Country’s first mini hydropower facility launched
In the village of Lijeska near Tomaševo in Bijelo Polje municipality, Vrelo mini hydropower plant has been put into use. Bijelo Polje’s official website reported Ivana Hlavsová, the Czech ambassador, and Aleksandar Žurić, the municipal head, led the launching ceremony. The power plant, located in Montenegro’s northeast, was equipped by Hydrolink SRO. The concession had […]
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 […]