Montenegro is preparing to construct a new solar power plant in Danilovgrad municipality. The planned Brijestovo solar facility will have a total installed capacity of 50 MW. The solar panels will be spread across an area of about 45.45 hectares in the settlements of Slap and Brijestovo. The site comprises several cadastral parcels, including a […]
Montenegro plans 50 MW Brijestovo solar power plant in Danilovgrad Read More »
Montenegro’s state-owned power utility Elektroprivreda Crne Gore plans to include an international partner in the development of the Komarnica hydropower project. The company cited the experiences of Norway, Austria, and France. The plant, with a proposed capacity of 172 MW, is expected to have an annual production of around 213 GWh. Elektroprivreda Crne Gore (EPCG)
Montenegro: EPCG seeks international partner for Komarnica hydropower project Read More »
Montenegro has officially put into operation its largest ground-based solar power plant, Ubli 1, located in the settlement of Ubli. With an investment of nearly 5 million euros, the plant is expected to produce about 8 GWh of clean electricity each year. It is projected to cut carbon dioxide emissions by more than 5,500 tons
Montenegro commissions Ubli 1 solar power plant to boost sustainable energy transition Read More »
Montenegro’s state-owned power utility, EPCG, is preparing to bring an international partner on board to support the development of the long-delayed Komarnica hydropower plant. Designed to have an installed capacity of 172 megawatts and produce approximately 213 gigawatt-hours of electricity annually, the project is part of EPCG’s broader hydropower expansion strategy. Alongside Komarnica, EPCG is
Montenegro: EPCG seeks international partner for controversial HPP Komarnica project Read More »
Investors from the United Arab Emirates, France, and the United States have expressed strong interest in Montenegro’s energy sector, particularly in solar and wind power, energy storage and modernizing the power grid, Energy Minister Admir Šahmanović announced. He noted that these initiatives represent investments worth hundreds of millions of euros and stressed the urgency of
Montenegro attracts global interest in renewable energy projects and grid modernization Read More »
Montenegro’s state-owned power utility EPCG is bracing for a significant financial shortfall in 2025, according to CEO Ivan Bulatović. To ensure a stable electricity supply for households and businesses, the company is expected to seek financial assistance from commercial banks. Several key challenges are driving the projected losses. The thermal power plant (TPP) Pljevlja, a
Montenegro’s state-owned power company EPCG posted a net profit of 10.2 million euros in the first quarter of 2025, slightly down from 11.4 million euros in the same period last year. The company’s net sales revenues increased to 125.7 million euros during the first three months of 2025, up from 113.2 million euros in Q1
Montenegro: EPCG reports €10.2 million Q1 2025 profit amid revenue and cost increases Read More »
Montenegro’s state-owned power utility, EPCG, has received approval for the environmental impact assessment (EIA) study for the construction of the Krupac solar power plant. The facility will be located on three sites along the shores of Lake Krupac near Nikšić, covering a total area of approximately 118 hectares. The project, estimated at around 28.2 million
Montenegro: EPCG receives environmental approval for Krupac solar power plant project Read More »
Montenegro’s Ministry of Mining, Oil and Gas has issued a new tender for the reconstruction of state-owned oil storage facilities in the coastal city of Bar. The project, aimed at securing the country’s mandatory oil reserves, is estimated at 1.8 million euros and will be financed through European Union funds. The Bar storage site, with
Montenegro launches renewed tender for reconstruction of Bar oil storage facilities Read More »
Construction of the third section of the first phase of the Trans-Balkan Corridor is scheduled to begin in mid-2025. This phase will include building a segment of the route and transmission lines connecting Bajina Bašta, the Montenegrin border, and the Bosnian border. Serbia’s Minister of Mining and Energy, Dubravka Djedović, announced this during a meeting
Region: Construction of Trans-Balkan Corridor’s third section to begin in mid-2025 Read More »
