Energy Crisis

PM Abazović: Montenegro can’t endure electricity import costs for long

PM Abazovic Montenegro endure electricity import costs long

Photo: Dritan Abazović / Facebook

Published

September 8, 2022

Country

Comments

comments icon

0

Share

Published:

September 8, 2022

Country:

Comments:

comments icon

0

Share

Outgoing Prime Minister of Montenegro Dritan Abazović pointed to the impact of the energy crisis on state finances. “We give EUR 2 million every day for electricity imports. We can’t endure for long like this. It’s not just us – I don’t know which economy could endure this,” he stressed.

Montenegro is currently importing electricity at prices 12 times higher than what citizens pay with their bills, outgoing Prime Minister of Montenegro Dritan Abazović pointed out. He spoke to the media in the Port of Bar on the Adriatic coast, where a shipment of smuggled cigarettes has been seized.

“We give EUR 2 million every day for electricity imports. We can’t endure for long like this. It’s not just us – I don’t know which economy could endure this. European union member countries will give financial support to its members. Just like during the corona, we will be hung out to dry. With all due respect, as they did help us somewhat. But we are not an EU member. We will try some other way to patch things up,” Abazović promised.

Abazović is hoping for an important energy deal with the US EXIM Bank by the end of the month

The prime minister also revealed he would have a meeting with the Export–Import Bank – EXIM Bank of the United States during his visit to the country, adding the matter is “very important” for energy in Montenegro. He expressed hope the deal would be reached by the end of the month.

The US export credit agency is part of a consortium led by energy company UGT Renewables. Abazović spoke to the group’s representatives one day earlier.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Alarming rise in unpaid bills from electricity consumers in Greece

Alarming rise in unpaid bills from electricity consumers in Greece

17 May 2025 - A steep rise in arrears was recorded last year in the Greek electricity supply market with EUR 1 billion more than 2023

Wind farm project Cyprus rejected protect birds habitats

Wind farm project in Cyprus rejected to protect birds, habitats

17 May 2025 - The Department of Environment of Cyprus scrapped a proposal for a wind power plant partly within or near protected areas

Hidroelectrica contractor PV systems 20 hydropower plants

Hidroelectrica picks contractor for PV systems on 20 hydropower plants

16 May 2025 - Hidroelectrica hired Servelect and subcontractor Electroplus to install solar panels on the roofs of 20 hydropower plants on the Olt river

Zivkovic EPS BEF 2025 Weakness in Serbian energy system is no option

Živković, EPS: Weakness of Serbian energy system is no option

16 May 2025 - Serbia's EPS is committed to green targets, but it won't compromise energy security, CEO Dušan Živković said at BEF 2025