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MONTENEGRO

Exploratory Oil Drilling in Montenegro Postponed

Date: 05.08.2020 Author: Tanja Srnovršnik
Exploratory Oil Drilling in Montenegro PostponedPhoto: OMV Petrom

The first exploratory drilling, which should show whether there is oil in the Montenegrin offshore and which was planned for this summer, has been postponed to 2021 due to the coronavirus pandemic,

Montenegrin EPCG’s Shareholders Decide to Skip Dividend Payment

Date: 04.08.2020 Author: Tanja Srnovršnik
Montenegrin EPCG’s Shareholders Decide to Skip Dividend PaymentPhoto: Roman Peklaj

Despite the bad hydrological situation, last year was one of the most successful business years for the Montenegrin power utility Elektroprivreda Crne Gore (EPCG). The EPCG group generated a profit of

Montenegrin Perućica HPP to Be Offline Until 5 September

Date: 03.08.2020 Author: Tanja Srnovršnik
Montenegrin Perućica HPP to Be Offline Until 5 SeptemberPhoto: Alenka Lena Klopčič

The Montenegrin 307 MW Perućica hydropower plant (HPP) began its regular annual overhaul on 3 August. The complete suspension of work in the power plant will last until 5 September 2020, said the

EBRD to Provide EUR 50m Loan to Montenegro's EPCG

Date: 03.08.2020 Author: Peter Palčec
EBRD to Provide EUR 50m Loan to Montenegro's EPCGPhoto: EPCG

“The EBRD is increasing its support in response to the economic impact of the coronavirus pandemic in Montenegro with a EUR 50 million senior loan for the Montenegrin power utility Elektroprivreda

Montenegrin EPCG to Continue Subsidising Household Electricity Bills

Date: 03.08.2020 Author: Peter Palčec
Montenegrin EPCG to Continue Subsidising Household Electricity BillsPhoto: Energetika.NET archive

The Montenegrin power utility, Elektroprivreda Crne Gore (EPCG), has decided to continue the additional subsidising of almost 20,000 households that are beneficiaries of the right to an electricity

Montenegro to Invest Around EUR 1bn in the Energy Sector By 2024

Date: 30.07.2020 Author: Peter Palčec
Montenegro to Invest Around EUR 1bn in the Energy Sector By 2024Photo: Roman Peklaj

Montenegro’s largest energy entities have announced investments with a total value of as much as EUR 1 billion by 2024, according to the country’s Third Package of Socio-Economic Measures,

Montenegrin CGES Transmits 17.7% More Electricity in June

Date: 29.07.2020 Author: Tanja Srnovršnik
Montenegrin CGES Transmits 17.7% More Electricity in JunePhoto: Andreja Krašna

A total of 611,980 GWh of electricity was transmitted via the electricity grid of the Montenegrin TSO, CGES, in June 2020, which is 17.68% more than in the same month last year, wrote CGES on its

Ten Thermal Power Units in BiH, Serbia and Montenegro to Stop Operating By 2023

Date: 27.07.2020 Author: Peter Palčec
Ten Thermal Power Units in BiH, Serbia and Montenegro to Stop Operating By 2023Photo: www.tent.rs

Ten units in the thermal power plants (TPPs) of Bosnia and Herzegovina (BiH), Montenegro and Serbia should be closed by the end of 2023 due to the harmonisation of electricity production in these

Shareholders of Albanian PX Selected; Start of Operation in Q1 2021

Date: 22.07.2020 Author: Tanja Srnovršnik
Shareholders of Albanian PX Selected; Start of Operation in Q1 2021Photo: Roman Peklaj

Albania completed the procedure to select the shareholders of the Albanian power exchange, APEX, on 29 June. The company, with the Albanian and Kosovar electricity TSOs, OST and KOSTT, as

SEE CAO: 2.88 EUR/MWh Auction Price Achieved at IT-ME Border

Date: 22.07.2020 Author: Tanja Srnovršnik
SEE CAO: 2.88 EUR/MWh Auction Price Achieved at IT-ME BorderPhoto: Alenka Lena Klopčič

The South East European Coordinated Auction Office (SEE CAO) has announced the results of the monthly auction for the allocation of physical transmission rights (PTR) for August 2020. The highest

Western Balkan Countries Must Shut Down 1,000 MW of Thermal Capacities By 2023

Date: 17.07.2020 Author: Peter Palčec
Western Balkan Countries Must Shut Down 1,000 MW of Thermal Capacities By 2023Photo: www.caneurope.org

“Attracting investment in new coal-based capacities has reached its limits. Following the Large Combustion Plants Directive, around 1,000 MW of thermal capacities need to be shut down by the end of

Concession for Montenegrin Komarnica HPP Foreseen This Year

Date: 15.07.2020 Author: Tanja Srnovršnik
Concession for Montenegrin Komarnica HPP Foreseen This YearPhoto: Alenka Lena Klopčič

The government of Montenegro adopted a concession plan at its last session for the use of watercourses for the construction of hydropower plants (HPPs) in Montenegro for 2020. The plan envisages the


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