MONTENEGRO

Montenegro’s Government to Increase Stake in EPCG to 70.16%

Date: 19.04.2018 Author: Peter Palčec
Montenegro’s Government to Increase Stake in EPCG to 70.16%Photo: © European Communities, 2009

Montenegro’s government has adopted a proposal to pay EUR 68.9 million for 17,252,885 shares in Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) in May 2018, in order to increase the

Montenegrin EPCG’s Net Profit EUR 31m in Q1 2018

Date: 18.04.2018 Author: Peter Palčec
Montenegrin EPCG’s Net Profit EUR 31m in Q1 2018Photo: © European Communities, 2009

The Montenegrin power utility Elektroprivreda Crne Gore (EPCG) generated a net profit of about EUR 31 million in the first three months of 2018, according to the utility’s chief financial officer,

Montenegro’s Power Consumption Up 16.6% Year-on-Year in March

Date: 12.04.2018 Author: Tanja Srnovršnik Volarič
Montenegro’s Power Consumption Up 16.6% Year-on-Year in MarchPhoto: © European Communities, 2009

Households in Montenegro consumed 121,218,113 kWh of electricity in March 2018, an increase of 3% compared to February 2018, and an increase of 16.6% compared to March 2017, said the Montenegrin power

Montenegrin Piva HPP Exceeds Q1 2018 Production Plan by 22%

Date: 03.04.2018 Author: Peter Palčec
Montenegrin Piva HPP Exceeds Q1 2018 Production Plan by 22%Photo: Tomaž Klopčič

The 360 MW Piva hydropower plant (HPP) produced 365 GWh of electricity in the first quarter of 2018, thus exceeding its production plan by 22%. This amounts to 48.67% of the total annual production

Transitional Balancing Rules Already Implemented in Albania

Date: 30.03.2018 Author: Tanja Srnovršnik Volarič
Transitional Balancing Rules Already Implemented in AlbaniaPhoto: Mateja Kegel

Albania has made the most notable progress among the Western Balkan 6 (WB6) countries in the area of cross-border balancing, with the implementation of transitional balancing rules as of 1 January

Montenegrin EPCG to Officially Start Takeover of Pljevlja Coal Mine

Date: 30.03.2018 Author: Peter Palčec
Montenegrin EPCG to Officially Start Takeover of Pljevlja Coal MinePhoto: Pozitivna Slovenija

The shareholders assembly of the Montenegrin power utility Elektroprivreda Crne Gore (EPCG) has agreed to adopt a report by Deloitte in the assessment of the value of shares in the Pljevlja coal mine

Tender for Strategic Partner for Montenegrin PX to Be Launched in Q2 2018

Date: 29.03.2018 Author: Tanja Srnovršnik Volarič
Tender for Strategic Partner for Montenegrin PX to Be Launched in Q2 2018Photo: ACER

The newly established power exchange company in Montenegro, BELEN/MEPX, is finalising documents for a tender to find a strategic partner, expected to be launched in the second quarter of 2018, said

New Solutions Needed for Construction of Montenegro’s Unit 2 of Pljevlja TPP

Date: 29.03.2018 Author: Peter Palčec
New Solutions Needed for Construction of Montenegro’s Unit 2 of Pljevlja TPPPhoto: Tomaž Klopčič

“The second unit of the Pljevlja thermal power plant (TPP) will be built, but the project will require different technical solutions as well as different financial planning than previously

Montenegro’s EPCG and Steag Sign Contract for Pljevlja TPP Worth EUR 664,260

Date: 28.03.2018 Author: Peter Palčec
Montenegro’s EPCG and Steag Sign Contract for Pljevlja TPP Worth EUR 664,260Photo: 

The Montenegrin power utility Elektroprivreda Crne Gore (EPCG) and the German company Steag Energy Services (Steag) signed an agreement on Tuesday worth EUR 664,260 to prepare a preliminary design for

Montenegro Lists Eight Key Energy Infrastructure Projects Worth EUR 1.2bn

Date: 28.03.2018 Author: Peter Palčec
Montenegro Lists Eight Key Energy Infrastructure Projects Worth EUR 1.2bnPhoto: Energetika.NET archive

Montenegro’s National Investment Commission has adopted a list of 36 key priority infrastructure projects worth EUR 2.13 billion. Eight of the projects are in the field of energy, the total value of

Terna Reduces Planned Capacity of Italy-Montenegro Power Link by 50%

Date: 27.03.2018 Author: Tanja Srnovršnik Volarič
Terna Reduces Planned Capacity of Italy-Montenegro Power Link by 50%Photo: iStockphoto

The power interconnector between Italy and Montenegro will have a transfer capacity of 600 MW and not 1,200 MW as initially planned, said Luigi Ferraris, the CEO and General Manager of the Italian

Montenegro Consumed 7% More Electricity in February

Date: 27.03.2018 Author: Peter Palčec
Montenegro Consumed 7% More Electricity in FebruaryPhoto: Tomaž Klopčič

Users of Montenegro’s electricity distribution system consumed 240,452,723 kWh of electricity in February this year, which is about 7% less compared to January 2018 and about 7% more than in

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