TENDERING: EPCG looking for project design for new unit at HPP Perućica
Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) has announced an international tendering for the preparation of project documentation for installing a 58.5 MW unit at hydropower plant (HPP) Perućica. The preparation of the project documentation for the A8 unit will be financed with a portion of a loan approved by the German development bank […]
PPC, EPCG get EUR 210 million in loans to absorb coronavirus challenges
State-owned power utilities from Greece and Montenegro – Public Power Corporation (PPC) and Elektroprivreda Crne Gore (EPCG), have secured loans in the amount of EUR 210 million to absorb the challenges presented by the coronavirus pandemic. The loans, approved by the European Bank for Reconstruction and Development (EBRD), will enable the companies to continue to […]
Energy companies in Montenegro to invest EUR 734 million by 2024, EUR 1 billion in total
Energy companies in Montenegro plan to invest more than EUR 1 billion, of which EUR 734.6 million in the next four years, according to the third socio-economic package, adopted by the government to mitigate the coronavirus pandemic effects. The largest part of these investments will be implemented by state-owned companies Elektroprivreda Crne Gore (EPCG), Crnogorski […]
Ten units of Western Balkan thermal power plants must be shut down by 2023
Ten units of coal-fired power plants in total will be shut down by the end of 2023 in BiH, Montenegro and Serbia, according to the Energy Transition Tracker
Montenegrin government to grant EPCG concession for HPP Komarnica
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 […]
EPCG is negotiating with EBRD loan for Gvozd wind farm
Power utility Elektroprivreda Crne Gore (EPCG) is negotiating a loan with the European Bank for Reconstruction and Development (EBRD) to finance the construction of the Gvozd wind farm. At the beginning of September last year, shareholders of EPCG approved the investment in the construction of the 54.6 MW Gvozd wind farm with Austria’s Ivicom Holding. […]
EPCG signs agreement on TPP Pljevlja environmental overhaul
Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) has signed an agreement worth over EUR 54 million on an environmental overhaul of its coal-fired thermal power plant (TPP) Pljevlja, a project that will extend the plant’s lifespan by 30 years and greatly reduce its impact on the environment. The agreement on the environmental overhaul was […]
EPCG may opt to take on a partner for HPP Komarnica project
Montenegrin state-owned electricity producer Elektroprivreda Crne Gore (EPCG) has the right to decide whether to build the planned 170 MW hydropower plant (HPP) Komarnica on its own or in cooperation with a partner, according to Economy Minister Dragica Sekulić. It is only natural that the Komarnica project be carried out by EPCG, but it is […]