Krnovo wind park to start trial production of energy in early 2017
Works on the construction of Krnovo wind power plant near Nikšić are completed and trial production of energy should start early next year after the operating licence is obtained. The Krnovo wind power plant consists of 26 wind turbines, two transmission lines and two substations, maintenance buildings, while planned annual production is between 200 to […]
More bids expected for Morača HPPs construction
Montenegrin Ministry of Economy expects that it will get more offers for the construction of hydropower plants (HPPs) on the river Morača. So far, several memorandums of understanding have been signed and the investors interested in the Morača HPPs construction project are from China, Turkey and Slovenia, the daily Vijesti reported. One of the companies […]
Montenegro to establish power exchange
The Government of Montenegro has adopted a plan for establishing Montenegrin power exchange in 2017 by local companies COTEE, CGES and EPCG. The plan of the Montenegro Electricity Market Operator (COTEE) for the next year, accepted by the Government, states that the company is authorised to conclude the contract with the Montenegrin Power Transmission System (CGES) and Montenegrin […]
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, […]
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 […]
Montenegro inaugurates recycling center in Žabljak
A waste recycling centre worth EUR 2.4 million was opened in the town of Žabljak. The construction of the facility, which includes a transfer station, was equally funded by Montenegro and Slovenia, the Government of Montenegro said on its website. Prime minister Milo Đukanović and Slovenia’s foreign minister Viktor Erjavec attended the ceremony. The two […]