EPCG and EPS discussing plans for HPP Komarnica
In the middle course of the Komarnica valley in Montenegro, a 170 MW hydroelectric power plant (HPP) is planned to be constructed. The new plant is expected to produce around 200 GWh of electricity per year. Representatives of the Montenegrin Electric Power Company (EPCG) discussed the matters with project partners, Electric Power Industry of Serbia […]
Montenegro inks shareholders agreement with A2A
Minister of economy Vladimir Kavarić, on behalf of the Government of Montenegro, and Oreste Bramanti, on behalf of Italian company A2A SpA, signed the new shareholders agreement for the Electric Power Company of Montenegro (EPCG) on August 29. The new document will be in force until December 31, the government stated on its website. Previously, […]
Renewables generate 39% of total power in July
Montenegrin power market operator COTEE stated total electricity generation in July was 212 GWh, out of which 82 GWh or 39% was from renewable sources. The regular report said three units managed by the Montenegrin Electric Power Company (EPCG) generated 210 GWh. Hydropower plant (HPP) Perućica delivered 41 GWh, HPP Piva gave 39 GWH, while thermal power plant […]
EPCG appoints Tonino Maglio executive director
The Montenegrin Electric Power Company (EPCG) said it has appointed Tonino Maglio as its new executive director. Tonino Maglio’s predecessor Stefano Pastori resigned from the position due to health problems, according to a statement on the utility’s website. The state-controlled company stressed its new head has a long working experience in the field of energy. Tonino […]
Montenegro expects electricity deficit for three years
Total net deficit of power for consumption in Montenegro will amount to 229.9 GWh (6.5%) next year and 230 GWh (6.3%) in 2018, while in 2019 a shortfall of 209 GWh (5.7%) is expected, shows the government’s document on the long-term energy balance. Purchase of electrical energy because of the deficit, will be carried out […]
Montenegro Parliament ratifies shareholder contract with A2A
Lawmakers voted to accept the draft agreement with the state’s Italian partners in Electric Power Company of Montenegro (EPCG) late on July 29. A2A gets managing rights but also more responsibility, vice premier Vujica Lazović stated. The motion was passed with 41 votes in favor and 11 against. “The state will have bigger control over […]
A2A and Government of Montenegro reach agreement
Italian partner A2A will remain to be co-owner in Montenegrin Electric Power Company (EPCG), while the second block of thermal power plant Pljevlja will still be built. Domestic media reported only an official confirmation is expected from A2A about the agreement for the next five years. The facility will cost EUR 340 million, mostly financed […]
EPCG invests over EUR 2 million in electrical grid of Ulcinj
Power supply in the municipality of Ulcinj will be better and safer the following season due to an investment by the Montenegrin Electric Power Company (EPCG). The state-controlled utility recently launched works in the central part of the town, located in the country’s south. The project of a new substation is underway, and the facility […]