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 eu region bef 2026 cbam border eu western balkans

CBAM may hinder decarbonization and renewables, contrary to its intended aim

18 May 2026 - The European Union’s Carbon Border Adjustment Mechanism (CBAM) has caused serious disruptions to electricity markets...

NGEN Smart batteries AI are energy transition bedrock

NGEN: Smart batteries, AI are energy transition bedrock

18 May 2026 - The energy system of the future is decentralized, dynamic, and software-controlled, NGEN Group's representatives pointed out at BEF 2026

Governing the Unseen: Interdependencies in Europe’s Digital–Energy Transition and Sovereignty

Governing the Unseen: Interdependencies in Europe’s Digital–Energy Transition and Sovereignty

18 May 2026 - The growing digital-energy nexus is reshaping Europe’s energy transition, creating new opportunities and challenges for resilience, competitiveness and strategic autonomy.

Establishing a Robust Transmission Grid: The Essential Role of Balkan TSOs in the Green Transition

Balkan TSOs face green transition challenge: grids must keep pace with energy shift

18 May 2026 - Investments in grids, digitalization, and energy storage are key to ensuring security of electricity supply amid rapid decarbonization, representatives of regional TSOs said at Belgrade Energy Forum (BEF 2026)