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

croatia zagreb waste management plan

Zagreb prepares draft waste management plan

15 January 2026 - The draft waste management plan establishes a framework for the reduction of the waste production and sustainably waste management

sunotec germany hybrid power plant Zerbst

Sunotec advances Germany’s largest EEG hybrid power plant

15 January 2026 - Located on a 41-hectare former gravel pit, the site combines 73,000 solar modules with a capacity of 46.4 MWp and a 57 MWh BESS

DNV acquire Automa Power Utilities digital operations energy

DNV to acquire Automa Power & Utilities, strengthening position as global end-to-end digital operations partner for energy industry

14 January 2026 - DNV agreed to acquire Brazil-based Automa, provider of integrated monitoring, control, and performance management solutions

montenegro epcg masdar agreement spajic djukanovic

EPCG, Masdar sign cooperation agreement

14 January 2026 - Montenegro’s power utility EPCG and UAE-based Masdar today signed a cooperation agreement as part of Abu Dhabi Sustainability Week