EPCG

Montenegro: EPCG advances construction of Otilovići small hydropower plant Read More »

Montenegro: EPCG advances construction of Otilovići small hydropower plant

Montenegrin state-owned power utility EPCG has taken a significant step forward in expanding its renewable energy portfolio with the construction of a new small hydropower plant (SHPP), following the signing of a turnkey agreement with local engineering firm Vigoris Ecotech. The contract covers the complete project delivery, including detailed design, civil works, equipment supply, installation, […]

Masdar–EPCG renewable platform: Comprehensive financial, generation and grid impact analysis for Montenegro Read More »

Masdar–EPCG renewable platform: Comprehensive financial, generation and grid impact analysis for Montenegro

Building on the base framework, a Masdar–EPCG joint venture only becomes truly investor-grade once the MW ambition is translated into a coherent financial envelope that links generation volumes, capture prices, curtailment risk, grid timing, and equity returns. In a small but export-connected system like Montenegro, the dispersion between a well-integrated portfolio and a poorly sequenced one

Montenegro explores gas-fired power expansion with EPCG feasibility study Read More »

Montenegro explores gas-fired power expansion with EPCG feasibility study

Montenegrin state-owned utility EPCG has completed a comprehensive feasibility study evaluating the potential construction of gas-fired power plants at several sites across the country. The study considers generation capacities ranging from 50 MW up to 400 MW, with candidate locations identified in Bar, Podgorica, Pljevlja, and Niksic. Prepared by SS&A Power Consultancy, the analysis concludes

Montenegro: EPCG selects Vigoris Ecotec to build Otilovici 2.6 MW small hydropower plant Read More »

Montenegro: EPCG selects Vigoris Ecotec to build Otilovici 2.6 MW small hydropower plant

Montenegrin state-owned power utility EPCG has made a key step toward constructing the Otilovici small hydropower plant (SHPP) by selecting the winning bid in a public procurement valued at 6.8 million euros. The tender, conducted as an open procurement process, covers the full delivery of the project, including detailed design preparation, civil construction, supply and

Montenegro: EPCG Solar Gradnja exceeds installation targets and expands focus to large-scale solar projects Read More »

Montenegro: EPCG Solar Gradnja exceeds installation targets and expands focus to large-scale solar projects

According to company management, EPCG Solar Gradnja has exceeded its installation targets for the current year, delivering results above initial expectations by early December. Instead of the originally planned 30 MW of newly installed capacity, the company successfully connected a total of 36 MW of solar systems within the first eleven months of the year,

Montenegro: EPCG suffers deep losses in 2025 as Pljevlja shutdown drives costs and cuts production Read More »

Montenegro: EPCG suffers deep losses in 2025 as Pljevlja shutdown drives costs and cuts production

Montenegrin state-owned power utility EPCG posted a significant financial decline in the first nine months of 2025, recording a net loss of 78.7 million euros, compared to a loss of 19.2 million euros in the same period last year. The extended shutdown of TPP Pljevlja, Montenegro’s only coal-fired power plant, dominated this year’s results. The

Montenegro: Gvozd wind farm nears trial operations for late 2025 Read More »

Montenegro: Gvozd wind farm nears trial operations for late 2025

Montenegro’s state-owned power utility EPCG is advancing steadily toward the commissioning of its first wind power plant, the 55 MW Gvozd project, with trial operations expected to begin before the end of 2025. Installation of the turbines, supplied by Germany’s Nordex, began in October. According to project manager Nikola Vukotić, the transport of all turbine

Montenegro: EPCG completes modernization of Perucica HPP Unit A7, extending lifespan and boosting efficiency Read More »

Montenegro: EPCG completes modernization of Perucica HPP Unit A7, extending lifespan and boosting efficiency

Montenegrin state-owned power utility EPCG has completed the reconstruction and modernization of Unit A7 at the Perucica hydropower plant, marking a major milestone in extending the operational life of the country’s oldest hydropower facility. The upgrade has enhanced the plant’s reliability, efficiency, and operational flexibility, ensuring continued stable electricity production. The project involved a full

Montenegro: EPCG confirms TPP Pljevlja reconstruction on schedule and within budget Read More »

Montenegro: EPCG confirms TPP Pljevlja reconstruction on schedule and within budget

Montenegro’s state-owned power utility EPCG has issued a statement refuting media reports that questioned the progress of the ecological reconstruction of the Pljevlja thermal power plant. The company emphasized that the project is advancing as planned and remains fully under control. The reconstruction, which began in 2020, was initially launched under a contract that contained

Montenegro: EPCG and France’s Akuo Energy partner on floating solar and storage projects Read More »

Montenegro: EPCG and France’s Akuo Energy partner on floating solar and storage projects

Montenegro’s state-owned power utility EPCG has signed a cooperation agreement with French renewable energy company Akuo Energy to jointly develop a floating solar power project. The Memorandum of Understanding establishes the framework for building a solar park on Slano Lake in western Montenegro and paves the way for broader collaboration in renewable energy development. Beyond

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