EPCG, KfW ink EUR 33 million loan for Phase II of HPP Perućica’s reconstruction
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has signed a EUR 33 million loan agreement with German development bank KfW for Phase II of a project to overhaul and modernize the Perućica hydropower plant (HPP), the country’s oldest. The loan agreement for the second phase of HPP Perućica’s reconstruction and modernization was signed by […]
EPCG shareholders approve investment in Gvozd wind farm project
Shareholders of state power utility Elektroprivreda Crne Gore (EPCG) have approved an investment into a joint EUR 58 million project with Austria’s Ivicom Holding to build the Gvozd wind farm, RTCG reported following a meeting of EPCG’s shareholders. Ivan Mrvaljević, head of development and engineering at EPCG, said earlier this year that EPCG could launch […]
Montenegro registers 10 days of coal-free electricity generation
Montenegro produced enough electricity to cover domestic consumption from renewable energy sources only from May 24 to June 2, 2019, for the first time ever going coal-free for 10 days, the Government of Montenegro said in a press release. During the period, coal-fired power plant Pljevlja was not operating, yet Montenegro produced around 82 million […]
EPCG’s new investment cycle focuses on portfolio diversification, hydropower projects
A Belgrade consortium comprising engineering firm Energoprojekt Hidroinženjering and water management institute Jaroslav Černi has been selected to produce a conceptual design for hydropower plant (HPP) Komarnica, and has already prepared an environmentally acceptable technical solution, which paves the way for the construction of the power plant following decades of research, Igor Noveljić, CEO of […]
Power utility EPCG plans to launch tendering for reconstruction of 5 small HPPs
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) plans to launch tendering in the third quarter of 2019 to select a contractor to produce, deliver, and install equipment, as well as a contractor to produce the main design plan for a project to overhaul and modernize five small hydropower plants (SHPP), EPCG has said in […]
EPCG calls bids for EUR 3.36 million overhaul of six generators at HPP Perućica
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has invited bids for EUR 3.36 million worth of overhaul of six out of seven generators at the Perućica hydropower plant (HPP), as part of a project to ensure reliable electricity production at the HPP Perućica over the next 20 to 30 years. A contractor to overhaul […]
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 […]
Hydropower plant overhaul raises environmental issue
The regular yearly refurbishment in hydroelectric power plant Perućica should be finished by September 8, after dewatering commenced on August 7, Montenegrin Electric Power Company (EPCG) announced at its website. Meanwhile, the local recreational fishing club said the measure led to the destruction of ten tonnes of fish, while only four tonnes were saved, compared […]