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

Curtailments negative prices slash solar power revenue Greece up to 60

Curtailments, negative prices slash solar power revenue in Greece by up to 60%

29 May 2026 - Solar parks in Greece with CfDs have lost an average 50% of revenue on a year-to-year basis in April amid negative prices and curtailments

slovenia energy storage natural gas matija bitenc

Bitenc: Natural gas infrastructure could be solution for seasonal energy storage

29 May 2026 - The natural gas pipeline and storage network could be a solution for seasonal energy storage, according to Matija Bitenc, CEO of Plinovodi

World’s largest floating wind turbine installed in Chinese waters

World’s largest floating wind turbine installed in China’s waters

29 May 2026 - A 16 MW floating wind turbine has been installed in the South China Sea, which CTG claims is the largest, with the exception of platforms with double turbines.

regional booking platform serbia natural gas transit

Serbia joins regional platform for gas transmission capacity allocation

29 May 2026 - Serbia’s natural gas transmission system operator, Transportgas Srbija, has joined the Regional Booking Platform (RBP) for gas