EPCG

Montenegro: EPCG completes modernization of Perucica HPP Unit A7, extending lifespan and boosting efficiency

Montenegrin state-owned power utility EPCG has completed the reconstruction and modernization of Unit A7 at the Perucica hydropower plant, marking a major milestone in extending the operational life of the country’s oldest hydropower facility. The upgrade has enhanced the plant’s reliability, efficiency, and operational flexibility, ensuring continued stable electricity production. The project involved a full […]

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Montenegro: EPCG confirms TPP Pljevlja reconstruction on schedule and within budget

Montenegro’s state-owned power utility EPCG has issued a statement refuting media reports that questioned the progress of the ecological reconstruction of the Pljevlja thermal power plant. The company emphasized that the project is advancing as planned and remains fully under control. The reconstruction, which began in 2020, was initially launched under a contract that contained

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Montenegro: EPCG and France’s Akuo Energy partner on floating solar and storage projects

Montenegro’s state-owned power utility EPCG has signed a cooperation agreement with French renewable energy company Akuo Energy to jointly develop a floating solar power project. The Memorandum of Understanding establishes the framework for building a solar park on Slano Lake in western Montenegro and paves the way for broader collaboration in renewable energy development. Beyond

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Montenegro: EPCG reports setbacks in Pljevlja Thermal Power Plant reconstruction, projects measures to avoid delays

Montenegro’s state-owned power company EPCG has reported that the environmental reconstruction of the Pljevlja coal-fired thermal power plant has faced certain deficiencies and irregularities, which could potentially delay the project. EPCG noted that the project is highly complex in both scale and technical requirements and has been ongoing for several years. Over the past six

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Montenegro: EPCG reports €24.5 million loss in first half of 2025 amid plant shutdown and weak hydrology

Montenegro’s state-owned power utility EPCG posted a loss of 24.5 million euros in the first six months of 2025, a sharp increase compared to the 3.4 million euros loss recorded in the same period last year. The company’s financial report shows total revenues of 208 million euros, while expenses rose to 234.7 million euros, driven

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Montenegro: Pljevlja nears completion of district heating and power plant modernization projects

Pljevlja is witnessing significant progress as the district heating project nears completion, promising residents a more stable and environmentally friendly heating system. In parallel, the environmentally focused reconstruction of the coal-fired Thermal Power Plant (TPP) Pljevlja and the relocation of the Cehotina river are advancing on schedule. These projects aim to strengthen Montenegro’s energy security

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Montenegro: EPCG launches tender for main design of 41.8 MW Krupac solar power plant

Montenegro’s state-owned power company EPCG has launched a tender to select a contractor for the main design of the Krupac solar power plant, with an estimated contract value of 125,000 euros. The plant is planned on the shore of Krupac Lake near Nikšić, with technical documentation outlining a total installed capacity of 41.8 MW. EPCG

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Montenegro: EPCG launches tender for solar modules at 12 MW Kapino Polje L1 and L2 plants

Montenegro’s state-owned power utility, EPCG, has announced a call for bids to supply solar modules for its Kapino Polje L1 and L2 solar plants near Niksic. The procurement is divided into two lots. Lot 1 covers modules for Kapino Polje L2, with an estimated value of 525,000 euros, while Lot 2 covers modules for Kapino

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Montenegro: EPCG and EBRD secure €25 million for Gvozd 2 wind farm expansion

Montenegro’s state-owned power utility EPCG and the European Bank for Reconstruction and Development (EBRD) have signed an additional 25 million euro loan to finance Gvozd 2, the expansion of the Gvozd wind farm. The upgrade will add three new turbines, increasing the project’s installed capacity to 75.6 MW — the highest for a single plant

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Montenegro: EPCG to relaunch SHPP Otilovici tender in August, pushing back commissioning timeline

Montenegrin state-owned power company EPCG is set to launch a new tender in August for the small hydropower plant (SHPP) Otilovici, two years into a procurement process that has been canceled twice. Along with the new call, EPCG is considering involving international financial institutions as funding partners to ensure a bankable project. If the procedure

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