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

0

Share

Published:

June 21, 2021

Country:

Comments:

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

Greece PPC Renewables two solar power plants f 250 MW

Greece’s PPC Renewables finishing two solar power plants of 250 MW in total

29 March 2023 - PPC Renewables said it would complete two photovoltaic facilities in Greece's coal hubs by the end of the month

power utilities western balkans eu ets smissions co2 cbam

Workshop on emissions trading: cooperation of regional utilities toward energy transition

29 March 2023 - Top managers of five state-owned power companies from BiH, Montenegro, North Macedonia and Serbia have discussed cooperation

seepex intraday market launch

All set for intraday electricity market in Serbia – next step is to join single European market

29 March 2023 - The opportunities for electricity buyers and sellers were presented by the representatives of SEEPEX, BSP SouthPool, and European Commodity Clearing

State owned EUAS dominates top list electricity producers Turkey

State-owned EÜAŞ dominates top list of electricity producers in Turkey

28 March 2023 - The annual MW100 Turkey report reveals the biggest players in installed capacity, electricity production and across sectors