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

slovenia subsidies prosumers solar batteries borzen

New EUR 30 million in subsidies for Slovenian prosumers

03 March 2026 - The funds are intended for legal entities, and the subsidy scheme will be implemented by electricity market operator Borzen

eu entsog report biomethane renewable gas injections

ENTSOG: Renewable gas injections in EU grids increase 12%

03 March 2026 - The European Network of Transmission System Operators for Gas has published its report on annual renewable gas injections into gas networks

Geothermal district heating EUR 200 million Bucharest Green Tech International

Geothermal district heating investment worth EUR 200 million starts in Bucharest

03 March 2026 - Romania-based Green Tech International declared the start of implementation of a geothermal district heating project in the northern part of Bucharest

solar output snow winter

Record solar output in Romania pushes power prices into negative territory

02 March 2026 - On Friday at 11:39 a.m., commercial solar output, excluding prosumers, reached 2,048 MW, while demand stood at slightly over 6,000 MW