Photo: EPCG
State-owned power company Elektroprivreda Crne Gore is currently implementing three key strategic policies: producing energy at the point of consumption, utilizing existing hydropower infrastructure to connect solar power plants, and developing battery energy storage systems, the President of EPCG’s Board of Directors, Milutin Đukanović, said at the EPCG NET conference.
EPCG NET is organized by Elektroprivreda Crne Gore (EPCG) and its partners. At the event’s opening in Budva, Milutin Đukanović announced the start of trial operations at the Gvozd wind farm and the launch of tendering to install battery energy storage systems (BESS).
“Our ‘produce where you consume’ policy is, in our view, the winner of the energy transition. At the same time, hydropower infrastructure provides technical and meteorological compatibility for connecting solar power plants. However, these activities will have their full impact only with the development of BESS,” Đukanović noted.
The 10,000+ solar project is expected to begin in mid-2026
He also said that numerous investments are underway. By the end of the year, the 55 MW Gvozd wind farm, an EUR 82 million investment backed by KfW, will enter trial operation. Early next year, the company expects to start construction on the second phase of the project – Gvozd 2, with a capacity of 21–22 MW.
A few days ago, tendering was completed for the installation of the eighth unit at the Perućica hydropower plant, with a capacity of 58 MW. The new unit is expected to be online in 2027.
Đukanović recalled that the 3000+ project, featuring 35 MW of solar capacity across 3,500 facilities, has been completed, while the 5000+ project is halfway through, with 40 MW and over 4,000 consumers involved. The 10,000+ project is expected to start in mid-2026, he added.
Preparations are ongoing for the construction of several solar power plants: Krupac (50 MW), Štedim (150 MW), four plants at Kapino Polje (totaling 50 MW), as well as facilities in the Željezara Nikšić industrial complex, where 10 MW of the planned 30 MW has already been installed.
The first tendering for procuring BESS will be launched soon, covering two systems with a capacity of 30 MW each (120 MWh). By the end of 2027, EPCG plans five such systems, with a combined capacity of 600 MWh.
The energy transition is a great opportunity for progress
Đukanović also announced an upcoming call for bids for the construction of a tunnel that will connect the Krupac and Slano reservoirs, valued at EUR 12 million, as part of a broader plan to enhance the utilization of the water resources of Nikšićko polje, Montenegro’s largest karst field. Additionally, plans are underway to develop Lake Liverovići and underground waters in the Nikšićko polje, with total investments potentially exceeding EUR 1 billion and a projected capacity reaching 700 MW, he added.
“The energy transition is a great opportunity for progress, but also a serious threat if risks are overlooked. Time is of the essence – we must act immediately,” Đukanović urged, calling on forum participants to focus their discussions on concrete solutions and offer ideas for improving existing policies.
The two-day forum has brought together numerous experts, investors, and representatives of institutions from the energy sector across the region and Europe.
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