Interest-free loans programme for heating systems


October 7, 2015





October 7, 2015




Ministry of Economy of Montenegro said it received a grant from the Government of Norway in the amount of EUR 240.000 with the aim of implementing project Energy Wood II, which will provide interest-free loans for purchase and installation of modern biomass heating systems for pellet and briquettes.

Loans are facilitated by Atlas Bank, Hipotekarna banka, Hypo Alpe-Adria-Bank, NLB Montenegrobanka and Prva banka. Individuals can receive up to EUR 3,500 for households, with a maximum repayment period of five years, the ministry’s Directorate for Energy Efficiency said.

The government granted the status of qualified distributor and mounting agent to ten entities: Denikoo (Podgorica), Elektrovod (Podgorica), Ening (Nikšić), Home Systems (Podgorica), consortium of Tedeko Solar Energy and Mazor (Tivat), M-energo inženjering (Podgorica), consortium of Matino Company and Grijanje (Bijelo Polje), Mikromont (Bijelo Polje), Plam inženjering (Podgorica) and Veneta plamen (Podgorica).

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