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

north macedonia market coupling brussels conference sanja bozinovska

North Macedonia aims for market coupling with EU by first quarter of 2027

21 May 2025 - The integration into the Single European Market is of strategic importance, Minister Sanja Božinovska said in Brussels

2-in-1, carbon footprint as a quality criterion in the NZIA – solving sustainability and resilience together

2-in-1: carbon footprint as a quality criterion in the NZIA – solving sustainability and resilience together

21 May 2025 - The motto of EUSEW 2025, ‘Powering a fair and competitive green transition’, fits perfectly with the European offshore wind industry

sany renewable energy bef 2025

SANY Renewable Energy makes successful breakthrough in European market

20 May 2025 - At BEF 2025, SANY Renewable Energy showcased its cutting-edge wind power technology and integrated solutions to the European market

GGF Kostadinov Western Balkans responded energy crisis innovation ambition

GGF’s Kostadinov: Western Balkans responded to energy crisis with innovation, ambition (video)

20 May 2025 - The past three to four years have been nothing short of transformational when it comes to the energy transition in the Western Balkans, said Borislav Kostadinov, Finance in Motion's Fund Director for GGF