KfW willing to support hydro projects and energy efficiency

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.