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

Cement maker installs largest self consumption PV plant in Turkey

Cement maker installs largest self-consumption PV plant in Turkey

28 April 2026 - OYAK Cement built a solar power plant for self-consumption of 115.5 MW in peak capacity in Beypazarı in Ankara province

romania grid capacity auctions

Romania set to launch grid capacity auctions this fall to fend off ‘speculators’

28 April 2026 - Transmission system operator Transelectrica will launch auctions for connecting new electricity generation and storage capacities in late October

On-bill financing introduced in Greece, as suppliers expand to energy upgrades

Power suppliers in Greece expanding to energy upgrades with rollout of on-bill financing

28 April 2026 - A new framework in Greece would enable power suppliers to participate in the energy efficiency market

Croatia investments EU ETS proceeds EUR 650 million

Croatia proposes investments from EU ETS proceeds of EUR 650 million

28 April 2026 - Within the framework of EU ETS, Croatia is counting on EUR 650 million through 2030 from auctions of greenhouse gas emission allowances