Montenegro

Montenegro concludes public consultation on draft National Energy and Climate Plan

Montenegro’s public consultation on the draft National Energy and Climate Plan (NECP) concluded last week. The Ministry of Energy stated that a consultation report along with the final plan could be published within the next two months. A decision on which major hydropower project will start construction first is expected by the end of the […]

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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 backs second Italy interconnector as strategic €500M energy link

The Montenegrin Ministry of Energy and Mining announced that Italian operator Terna’s plan to build a second submarine interconnector with Italy is a strategic project valued at around 500 million euros, with cable installation expected to begin in 2027. Montenegro is preparing key infrastructure to support the initiative, focusing on strengthening regional connectivity and modernizing

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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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Montenegro considers storing part of mandatory oil reserves abroad amid delays at Bar Terminal

Montenegro is considering storing a portion of its mandatory oil reserves abroad if an agreement cannot be reached to use Jugopetrol’s tanks at the Port of Bar. Potential options under discussion include Italy, Croatia, Slovenia, and Greece, where the government is seeking formal cooperation and host approvals. State-owned storage at the Bar Terminal remains the

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Montenegro household electricity consumption rises in July 2025 despite lower yearly usage

In July 2025, the average household electricity bill in Montenegro was 65.3 euros. Of households, 58.5% will pay less than 30 euros, 18.05% between 30 and 50 euros, 17% between 50 and 100 euros, and 6.45% will receive bills above 100 euros. A total of 193,800 regularly paying customers, representing approximately 47.85% of all consumers,

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Montenegro: EPCG launches tender for 2.5 MW Slano solar power plant design

Montenegrin state-owned energy company EPCG has announced a tender for the preparation of project documentation for the construction of the Slano solar power plant, located on the Slano reservoir dam. The planned photovoltaic facility will have an installed capacity of 2.5 MW. The tender, valued at 13,000 euros, requires bids to be submitted by August

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Montenegro grants 24.5-year lignite concession to Pljevlja Coalmine

The Montenegrin Government has granted a 24.5-year concession to the Pljevlja coalmine for the exploration and extraction of brown lignite at four sites in the Pljevlja municipality: Potrlica, Kalusici, Grevo, and Rabitlje. Under the agreement, the company will pay a fixed total fee of 64 million euros, divided into annual installments of 2.67 million euros

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