News

KfW willing to support hydro projects and energy efficiency

Published

May 6, 2015

Comments

comments icon

0

Share

Published:

May 6, 2015

Comments:

comments icon

0

Share

Prime Minister Milo Đukanović met in Berlin with senior officials of KfW Development Bank Christoph Tiskens and Kirk Mildner, Government of Montenegro said on its website. One of Germany’s leading banks is willing to strongly support Montenegro’s development, the KfW’s representatives said. In that context, the meeting addressed future cooperation mechanisms and assistance to build infrastructure in line with the requirements of Montenegro as an elite tourist destination. The meeting also discussed cooperation in terms of energy and valorisation of significant hydro potential of Montenegro. Representatives of the KfW also stressed Montenegro’s leading position in the field of energy efficiency.

“Montenegro’s cooperation with Germany and its development organizations is of major importance for the country’s socio-economic development. Fifteen-years long cooperation and more than three hundred million invested in projects in the fields of communal infrastructure, energy and transport testify to Germany’s partnership and commitment to boosting Montenegro’s development,” Đukanović underlined.

KfW’s senior officials concluded that the successful cooperation in the previous period is the best recommendation for providing further support to Montenegro’s economic development through the partnership in implementing projects in the sectors of tourism, infrastructure and energy.

Dynamic development of Montenegro and its successful integration form a good basis for continuing mutual cooperation, KfW’s director for Southeast Europe and Turkey Christoph Tiskens noted.

Related Articles

serbia decarbonization goals cost investments eps milan lakovic

Serbia needs EUR 27 billion to reach decarbonization goals

17 April 2026 - Serbia needs EUR 27 billion to reach its decarbonization goals, according to Milan Laković, Executive Director for Finance at power utility EPS

Wilhelmshavn roman bernard battery system BESS NGEN Uniper Germany

NGEN, Uniper break ground on 100 MWh battery system in Germany

17 April 2026 - The battery system in Wilhelmshaven will balance wind and solar power, supporting grid stability and renewables integration

Too hot to cope: Why cooling must become Europe’s next social right

Too hot to cope: Why cooling must become Europe’s next social right

17 April 2026 - Europe is getting dangerously hotter, and as millions struggle with rising temperatures, bills, and health risks, access to cooling must become a social right.

koncar substation sweden contract

Končar lands new record substation deal

16 April 2026 - Croatian engineering firm Končar has signed a EUR 24 million contract to build a substation...