Electricity

Montenegrin government to grant EPCG concession for HPP Komarnica

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Published

July 13, 2020

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Published:

July 13, 2020

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The Government of Montenegro has adopted the concession plan for the use of watercourses for the construction of hydropower plants for 2020, which envisages granting only one concession – for the construction of the Komarnica hydropower plant.

The power plant should have an installed capacity of 170 MW while the investment is estimated at EUR 246.5 million.

The concessions for small hydropower plants are not planned

According to the plan, the Montenegrin government does not envisage the award of concessions for the construction of small hydropower plants.

The subject of the concession is the design, construction, use and maintenance of the Komarnica hydropower plant, the government said on its website.

The concession will be granted directly to Elektroprivreda Crne Gore

In line with the law, the concession will be directly granted to power utility Elektroprivreda Crne Gore, a joint stock company in which the state owns 88.66% of shares.

One month ago, Economy Minister Dragica Sekulić said EPCG can decide for itself whether to build HPP Komarnica on its own or in cooperation with a partner.

The implementation of the project will enable multi-purpose use of the hydro-accumulation for the energy supply, water supply, improvement of conditions for the development of agriculture and tourism, the government said.

The construction of the hydropower plant will also enable further development of traffic and other infrastructure, in order to contribute to the overall economic development of the area in the vicinity of the hydro-accumulation, it added.

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