Elektroprivreda Crne Gore has appointed a new chief executive officer. Instead of Ivan Bulatović, the new head of Montenegro’s state-owned power utility is Bojan Đordan. The Board of Directors of Elektroprivreda Crne Gore (EPCG) has relieved the previous chief executive officer Ivan Bulatović of his duties and appointed Bojan Đordan as the acting CEO. Đordan […]
Montenegrin state-owned power utility Elektroprivreda Crne Gore has signed memoranda of understanding with Akuo, E2S Power AG, and wind fisher for a floating solar power plant, thermal batteries, and a pilot project for high-altitude wind turbines, respectively. Memoranda of understanding (MoUs) were signed within the framework of the European Union – Montenegro Investment Conference. Domestic […]
Necessary investments in Bosnia and Herzegovina’s electricity distribution grids by 2030 amount to BAM 1.4 billion (EUR 716 million), according to Zijad Bajramović, chairman of the Bosnia and Herzegovina committee of the International Council on Large Electric Systems (CIGRE). The growing installation of power plants utilizing renewable energy sources is creating congestion in transmission and […]
Montenegro’s state-owned power utility, Elektroprivreda Crne Gore, has launched a tender for the procurement and installation of two battery energy storage systems with a total capacity of 60 MW/240 MWh. Elektroprivreda Crne Gore (EPCG) is seeking a partner for the design, supply, installation, testing, and commissioning of two battery energy storage systems (BESS), each with […]
Montenegro’s state-owned power utility, Elektroprivreda Crne Gore, posted a EUR 24.5 million loss in the first half of 2025, a 620% increase compared to the same period last year. The main reasons for the poor results were a production halt at the Pljevlja coal power plant and a wide gap between the purchase price of […]
Montenegrin state-owned power utility Elektroprivreda Crne Gore (EPCG) said it signed a EUR 25 million loan contract with the European Bank for Reconstruction and Development (EBRD) for expanding the Gvozd wind farm to 75.6 MW. Once fully operational, it will be the largest wind farm in Montenegro. The Gvozd 2 project involves the installation of […]
The Government of Montenegro adopted urban planning and technical conditions for a solar power plant of 81.1 MW in peak capacity in Pljevlja. The site for the facility is part of a coal mining complex. Greece is the most successful by far in the Balkans in transforming coal land into clean energy and advanced technology […]
Montenegro’s power utility Elektroprivreda Crne Gore will take out a loan of EUR 50 million to purchase electricity to supply consumers in the country. The Government of Montenegro, upon the proposal of the Ministry of Finance, has issued an approval for Elektroprivreda Crne Gore (EPCG) to borrow EUR 50 million from Erste Bank to finance […]
State-owned power company Elektroprivreda Crne Gore is currently implementing three key strategic policies: producing energy at the point of consumption, utilizing existing hydropower infrastructure to connect solar power plants, and developing battery energy storage systems, the President of EPCG’s Board of Directors, Milutin Đukanović, said at the EPCG NET conference. EPCG NET is organized by […]
Energy transition in Southeastern Europe is accelerating, and the progress depends on individual countries’ strategies and legal frameworks. At the Belgrade Energy Forum (BEF 2025), representatives of state-owned power utilities and private producers discussed the different approaches to decarbonization. The domination of investments in renewable energy is unquestionable, but there are also ambitions to develop […]