Nikola Rovčanin appointed new director of Montenegrin power utility EPCG
He has replaced Igor Noveljić, director from July 2017.
TENDERING: EPCG looking for project design for new unit at HPP Perućica
Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) has announced an international tendering for the preparation of project documentation for installing a 58.5 MW unit at hydropower plant (HPP) Perućica. The preparation of the project documentation for the A8 unit will be financed with a portion of a loan approved by the German development bank […]
EPCG signs agreement on TPP Pljevlja environmental overhaul
Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) has signed an agreement worth over EUR 54 million on an environmental overhaul of its coal-fired thermal power plant (TPP) Pljevlja, a project that will extend the plant’s lifespan by 30 years and greatly reduce its impact on the environment. The agreement on the environmental overhaul was […]
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 […]
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 […]
Construction on 250 MW Briska Gora solar power plant to begin in 2020
The first phase of works on a solar power plant with an installed capacity of 250 MW on the Briska Gora locality near Ulcinj, Montenegro will begin in 2020 and last 18 months, state power utility Elektroprivreda Crne Gore (EPCG) CEO Igor Noveljić has said. In a statement to Vijesti, Noveljić said that he expects […]
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 […]
EPCG’s shareholder assembly backs EUR 55.3 million dividend payment
Power utility Elektroprivreda Crne Gore’s (EPCG) shareholder assembly has backed a EUR 55.3 million dividend payment. The dividend will be distributed out of retained earnings, in the gross amount per share of EUR 0.4214. At the 16th regular meeting held in Nikšić, shareholders also adopted financial and consolidated reports for 2017 and the company’s annual report, […]