EPCG to launch energy renovation project at headquarters building
Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) is launching an energy renovation project at its headquarters building. The first stage involves installing solar panels on the roof and the parking lot. The energy renovation project at the company’s headquarters building in the city of Nikšić would enable covering about 40% of its energy needs […]
Montenegro proposes plan for Komarnica hydropower plant of 170 MW
An investment of EUR 246.5 million is underway as the cabinet led by Prime Minister Duško Marković opted for the version of the project of the Komarnica hydropower plant that is the least harmful to the environment. The detailed special plan for the area in Šavnik and Plužine defines a facility with an annual production […]
Montenegro expands PV plant Briska gora to 262 MW in spatial plan
The government in Podgorica has outlined the changes to the spatial and urban development plan for the municipality of Ulcinj to expand the land for Briska gora PV plant, as agreed with the consortium developing the project. The facility’s capacity will reach 262 MW compared to initial plan for a 250 MW solar power plant. […]
Electricity bill collection rate drops up to 30%, utilites ask for loans
The drop in the electricity bill collection rate ranged from 10% to 30% in March in most of the contracting parties of Energy Community, with Kosovo* and North Macedonia being the most affected, while data for this month show a further sharp decline. In the meantime, state power utilities in Albania, Montenegro, and Serbia are […]
EPCG to invest EUR 51 million in 2020
Power utility Elektroprivreda Crne Gore (EPCG) intends to invest EUR 51 million this year in projects within the electricity generation sector and the development and engineering department. Last year, EPCG’s capital expenditures were EUR 9.35 million, and in October it announced EUR 700 million would be invested in new renewable energy capacities. The construction of the Briska […]
EPCG’s net profit plunges 35.7% in 2019
Montenegrin state power utility Elektroprivreda Crne Gore’s (EPCG) net profit in 2019 dropped 35.7% against 2018, to EUR 28.3 million, according to EPCG’s annual report. In 2018 the company posted a net profit of EUR 44.1 million. Operating revenues stood at EUR 323 million in 2019, an increase of EUR 20 million compared to 2018, […]
EPCG, Končar DST sign EUR 2.3 million contract for HPP Perućica
Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) has awarded a EUR 2.25 million contract for the equipment for Perućica hydropower plant (HPP) to a consortium established by Končar DST and Electro Team. The firms will deliver five transformers as well as spare parts and special tools. The contract was signed by Igor Noveljić, CEO of […]
Sekulić: Coal excise tax to cover Montenegro’s stimulus for renewables
Among her remarks in New Year interviews with several domestic media outlets, Montenegro’s minister of economy insisted households will continue to be exempted from premiums for electricity from renewable sources for the consumption of up to 300 kWh per month. Furthermore, Dragica Sekulić stressed, the 2019 directive on stimulus for such production of electricity and […]