Montenegro leading energy transition in region

In May 2019, Montenegro joined the not-so-large group of countries that managed to cover the entire electricity demand over a certain period of time from domestic renewable energy sources. “This proves that energy transition is possible, that it is possible to stop using fossil fuels for electricity production,” says Montenegro’s Economy Minister in charge of […]

EPCG’s new investment cycle focuses on portfolio diversification, hydropower projects

A Belgrade consortium comprising engineering firm Energoprojekt Hidroinženjering and water management institute Jaroslav Černi has been selected to produce a conceptual design for hydropower plant (HPP) Komarnica, and has already prepared an environmentally acceptable technical solution, which paves the way for the construction of the power plant following decades of research, Igor Noveljić, CEO of […]

Montenegro scraps feed-in tariff surcharge

The Montenegrin government has decided to abolish the surcharge paid by consumers through electricity bills to fund the feed-in tariff scheme for privileged power producers. The funds collected through the surcharge will instead be secured through coal excise duty. Answering MPs questions in the parliament, Prime Minister Duško Marković said the abolition of the surcharge […]

Contract signed to build 250 MW solar power plant

The Montenegrin government has signed a contract on the construction of a 250 MW solar power plant at the Briska Gora location with a consortium comprising Finland’s state energy company Fortum, Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG), and Sterling & Wilson International Solar FZCO, according to a press release from the Ministry of […]

Renewables December 31, 2018

200-MW-plus Briska Gora solar project draws three bids

A project to build a solar power plant with an installed capacity of more than 200 MW on the Briska Gora locality has attracted three bids – from a consortium of Finland’s state energy company Fortum and Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG), Chinese-Maltese International Renewable Energy Development Limited (IREDL), and the Montesolar […]

Renewables September 4, 2018

8 companies buy documentation for Briska Gora project

Eight companies have purchased tendering documentation so far for leasing land on the Briska Gora location to build a solar plant, Vijesti has been told at Montenegro’s Ministry of Economy. Unnamed ministry officials who spoke to the daily would not reveal which companies bought the documentation given that the tendering procedure is ongoing, with the […]