EUR 1.4 million contract signed for energy renovation of hospital in Bar, walk-in clinic in Ulcinj
As part of the second phase of the Montenegro Energy Efficiency Project (MEEP), health minister Kenan Hrapović and economy minister Dragica Sekulić have signed a EUR 1.4 million contract with a consortium of LD Gradnja, Ramel and Ening to implement energy efficiency measures at the General Hospital of Bar and Walk-In Clinic Ulcinj. The contract […]
EPCG, KfW ink EUR 33 million loan for Phase II of HPP Perućica’s reconstruction
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has signed a EUR 33 million loan agreement with German development bank KfW for Phase II of a project to overhaul and modernize the Perućica hydropower plant (HPP), the country’s oldest. The loan agreement for the second phase of HPP Perućica’s reconstruction and modernization was signed by […]
Submarine power cable promotes Montenegro as energy hub for Balkans – Ferraris
The Montenegro-Italy submarine power cable has been deployed under an investment that will enable Montenegro to become an energy hub for the Balkan countries, said Terna CEO Luigi Ferraris, adding that the commencement of commercial use is planned by the end of the year. On the occasion of the successful completion of the 445-kilometer submarine […]
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 […]
Ministers on region’s energy transition: Countries have right to choose their own energy mix
Energy, economy, and foreign ministers of Bulgaria, Hungary, Montenegro, Romania, Republika Srpska (an entity of Bosnia and Herzegovina), and Serbia believe that energy knows no borders, which requires regional cooperation, while they are adamant that every country has the right to determine its own energy mix. According to the ministers, who spoke at the Summit […]
Montenegro to scrutinize small hydropower procedures, not to approve fresh subsidies
Representatives of the Government of Montenegro have announced that procedures for the construction of small hydropower plants (SHPPs) will be reviewed and that no subsidies will be approved for the construction of new SHPPs, local media reported. Even though Prime Minister Duško Marković has made it clear that he believes the issue of small hydropower […]
Parliamentary Hearing on Amendments to the Law on Efficient Use of Energy held in Podgorica
Supporting the coming together of parliamentarians from Montenegro, representatives of the Ministry of Economy of Montenegro, the School of Political Studies, the Union of Municipalities and of two NGOs at the Parliamentary Hearing in Podgorica on 25 March, the GIZ Open Regional Fund for South-East Europe – Energy Efficiency (ORF-EE), in partnership with the School […]
EU, US, Chinese companies interested in EPCG acquisition
Companies from the European Union, the US, and China are interested in the acquisition of power utility Elektroprivreda Crne Gore (EPCG), Economy Minister Dragica Sekulić has said. In an interview with Pobjeda, she said that strong interest implies a greater responsibility in the process of selecting a strategic partner for EPCG. Montenegro will seek a […]