Montenegro

Montenegro: HPP Perucica receives usage permit after 65 years

The Perucica hydropower plant, a key asset in Montenegro’s electricity system, has finally been granted its official usage permit after operating under a construction authorization since 1953, state-owned power utility EPCG announced. EPCG highlighted the lengthy delay as an example of slow institutional processes and questioned the reasons behind the long wait and the previous […]

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Montenegro: Jugopetrol reports €3.44 million profit in H1 2025 amid lower sales and spending

Montenegrin fuel retailer Jugopetrol posted a net profit of 3.44 million euros in the first half of 2025, significantly down from 27.8 million euros recorded in the same period last year. Despite the drop, this year’s figure represents a 23.7 percent increase compared to earlier annual trends, with the company having earned 7 million euros

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Montenegro: EPCG Solar Construction accelerates solar capacity growth with major installations in summer 2025

EPCG Solar Construction reported a notable increase in solar capacity additions during June and July 2025, installing a total of 6.7 megawatts (MW) of new capacity. This marks a significant rise compared to the 5.2 MW added during the same period last year. The company attributes the growth to rising demand from corporate, institutional, and

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Montenegro: Solar Global advances 200 MW Cetinje solar project with minimal environmental impact

After receiving urban-technical approval in September of last year, the local company Solar Global has advanced its plans by submitting a request to the Environmental Protection Agency to assess whether a full environmental impact study is necessary for its proposed solar power plant in Cetinje. A solar irradiation assessment conducted by Sedam-ING concluded that the

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Montenegro: Pljevlja Coalmine to launch 81 MW solar project in major green transition

Pljevlja Coalmine, a fully owned subsidiary of Montenegro’s state power utility EPCG, is making a major move into renewable energy with plans to develop a large-scale solar power plant in the northern Pljevlja district. This marks a significant shift from the company’s traditional focus on coal mining. The project will be built on approximately 626,245

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Montenegro: CGES launches €36 million modernization of Brezna substation with EBRD and EU support

Montenegrin electricity transmission system operator CGES has initiated a procurement process for two 400/110 kV, 300 MVA power transformers, marking the beginning of a 36 million euro modernization project for the Brezna substation in northwestern Montenegro. The upgrade will convert the current 110/35 kV installation into a three-voltage 400/110/35 kV facility, which will be connected

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Montenegro: Average household electricity bill rises to €31.34 in June 2025

The average household electricity bill in Montenegro for June 2025 was €31.34, marking a 2.5% increase compared to June 2024 (€30.59). According to power utility EPCG, the lowest average bill was recorded in Žabljak (€18.9), while Kotor had the highest at €40. Most households (65.91%) will pay less than €30, 17.7% between €30–€50, 12.92% between

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Montenegro: EPCG plans 137MW Stedim solar power plant near Nikšić

Montenegro’s state-owned power utility EPCG plans to build the Stedim solar power plant near Nikšić, with an installed capacity of approximately 137 MW. Once operational, the plant is expected to generate around 169.7 GWh of electricity annually. The company has submitted documentation to the national Agency for Environmental Protection, requesting approval to conduct a full

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Montenegro to offer state-backed premiums for 250 MW solar capacity in upcoming renewable energy auction

Montenegro plans to offer state-supported market premiums for 250 MW of solar power in its upcoming renewable energy auction. The government has established the necessary regulations to invite bids for solar projects with a minimum capacity of 400 kW. Successful bidders will be those who propose the lowest strike price, which is capped at 65

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