Montenegro registers 10 days of coal-free electricity generation
Montenegro produced enough electricity to cover domestic consumption from renewable energy sources only from May 24 to June 2, 2019, for the first time ever going coal-free for 10 days, the Government of Montenegro said in a press release. During the period, coal-fired power plant Pljevlja was not operating, yet Montenegro produced around 82 million […]
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 […]
Construction of Gvozd wind farm expected to start in 2020
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) is expected to launch the construction of the Gvozd wind farm in 2020, according to Ivan Mrvaljević, head of development and engineering at EPCG. The Gvozd wind farm is expected to go on stream in 2022, Mrvaljević said at a roundtable recently organized by non-governmental organization Green […]
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 […]
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 […]
Power utility EPCG plans to launch tendering for reconstruction of 5 small HPPs
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) plans to launch tendering in the third quarter of 2019 to select a contractor to produce, deliver, and install equipment, as well as a contractor to produce the main design plan for a project to overhaul and modernize five small hydropower plants (SHPP), EPCG has said in […]
EPCG’s shareholder assembly backs EUR 55.3 million dividend payment
Power utility Elektroprivreda Crne Gore’s (EPCG) shareholder assembly has backed a EUR 55.3 million dividend payment. The dividend will be distributed out of retained earnings, in the gross amount per share of EUR 0.4214. At the 16th regular meeting held in Nikšić, shareholders also adopted financial and consolidated reports for 2017 and the company’s annual report, […]
Litostroj, ABB to modernize HPP Piva
Power utility Elektroprivreda Crne Gore (EPCG) and a consortium of Slovenia’s Litostroj and Italy’s ABB JV have signed a contract on a EUR 10.3 million reconstruction and modernization of the Piva hydropower plant (HPP), the Montenegrin company said. The contract, which will be financed by German development bank KfW with EUR 8.5 million and from […]