EPCG approves EUR 9 million investments in HPPs
The Board of Directors of power utility Elektroprivreda Crne Gore (EPCG) approved the overhaul of unit 2 of hydroelectric power plant (HPP) Piva and the revitalization of the HPP Perućica. These two projects are worth a total of EUR 9 million while the entire investments in the two HPPs are expected to reach EUR 40 […]
Montenegro accelerates takeover of A2A shares in EPCG
The Government of Montenegro intends to increase the ownership in public power utility Elektroprivreda Crne Gore (EPCG) in May from 57,01 to 70,16%, instead of initially planned 63%. This is envisaged by the Proposal of the Contract on the execution of put option, which the Montenegrin Government adopted and submitted it to the National Assembly, […]
EPCG to invest EUR 67 million in hydropower, analysis for wind farm underway
Power utility Elektroprivreda Crne Gore (EPCG) plans to invest EUR 170 million in the next five years, out of which EUR 40 million in the revitalization of two hydropower plants (HPPs), Piva and Perućica, and EUR 27 million in diverting a part of the Zeta river into the Perućica hydropower system. Around EUR 60 million […]
Steag Energy to prepare design for eco-reconstruction of TPP Pljevlja
Preliminary design for the environmental reconstruction of the Pljevlja Thermal Power Plant in Montenegro is entrusted to Essen-based industrial group Steag Energy Services GmbH. The German company is specialized in the field of energy, both conventional and nuclear, as well as renewable sources. Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) announced it picked an offer […]
Montenegrin Government secures funds to buy A2A shares in EPCG
The Montenegrin Government adopted a budget rebalance which foresees EUR 70 million for the purchase of the Italian company A2A’s shares in power utility Elektroprivreda Crne Gore (EPCG). In July last year, the Italian company informed the Government of Montenegro about activating the put option, which officially launched the process of the company’s withdrawal from […]
Six bids filed in lead-up to TPP Pljevlja’s overhaul
Six bidders are vying to produce a preliminary design plan for the ecological overhaul of Montenegrin power utility Elektroprivreda Crne Gore’s (EPCG) thermal power plant (TPP) Pljevlja with an installed capacity of 225 MW. After opening the bids for the job worth EUR 900,000 including VAT, EPCG said that it will start evaluating the offers […]
EPCG inks deal for HPP Komarnica preliminary design plan
Montenegro’s electricity company Elektroprivreda Crne Gore (EPCG) has signed an agreement worth over EUR 1.6 million with a group of bidders from Serbia – Jaroslav Černi and Energoprojekt Hidroinženjering – to produce a preliminary design plan for hydropower plant (HPP) Komarnica. The contractors are also to prepare a feasibility study and an environmental impact study, EPCG has […]
UPDATE: Montenegro’s MEPX to start trading electricity by the end of this year
Trading at the Montenegrin Power Exchange (MEPX) should begin by the end of this year when a strategic partner is found and an operational process is implemented. The Power Exchange was established last year as a project company. The start of trading on MEPX is expected once a strategic partner is found, the one who will […]