Renewables

EPCG not to be sold, seeking joint investments in green energy – government

EPCG is not on sale, to seek partners for joint investments in green energy - government

Published

June 21, 2021

Country

Comments

comments icon

0

Share

Published:

June 21, 2021

Country:

Comments:

comments icon

0

Share

State-owned power utility Elektroprivreda Crne Gore (EPCG) will not be privatized, but it will look for foreign partners to invest in new power plants, according to the Ministry of Capital Investments.

Rumors about a plan for the privatization of EPCG have recently emerged in the domestic media. The Balkan state earlier bought back a minority stake from Italian energy company A2A.

The Ministry of Capital Investments revealed its stance on the status of EPCG to daily Pobjeda after it asked whether the Government of Montenegro plans to privatize EPCG and if any entities expressed interest in acquiring a stake.

EPCG needs to find foreign partners with references and know-how to jointly build wind farms and solar power plants

The ministry said EPCG should find suitable foreign partners with the know-how for the development of renewable energy projects such as wind farms and solar power plants.

The ministry said Montenegro would get a national energy and climate strategy that would prioritize the transition to green energy sources as soon as possible and that partners for EPCG should be found for joint work on its implementation.

EPCG earlier said it expects the construction of the Gvozd wind farm to start this year and that the works should be completed in 18 months. The company added it plans to meet the deadlines for the Briska Gora solar power plant. The two projects would add a combined 100 MW to 250 MW to EPCG’s production portfolio.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

montenegro italy admir sahmanovic subsea cable solar wind

4 GW of solar, wind projects in pipeline in Montenegro – minister

04 April 2025 - Speaking at the Economic Dialogue Montenegro-Italy round table, minister Admir Šahmanović called for stronger cooperation between the two countries

Share coal power Finland nearly zero cogeneration plant shuts down

Share of coal power in Finland nearly zero as cogeneration plant shuts down

03 April 2025 - The now closed Salmisaari coal plant accounted for just 0.8% of the electricity mix in Finland together with three remaining ones

solar nuclear power prices europe eurelectric

Solar, nuclear lower Europe’s power prices by 30% in March

03 April 2025 - Solar broke a record in power generation in March for the third consecutive month, making up more than 10% of Europe’s electricity mix, Eurelectric said

PPC announces 5.8 billion plan for Western Macedonia, focused on photovoltaics, storage and data centers

PPC plans EUR 5.8 billion makeover of Western Macedonia coal region, including data centers

03 April 2025 - PPC presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece