EPCG

Montenegro: EPCG reports setbacks in Pljevlja Thermal Power Plant reconstruction, projects measures to avoid delays Read More »

Montenegro: EPCG reports setbacks in Pljevlja Thermal Power Plant reconstruction, projects measures to avoid delays

Montenegro’s state-owned power company EPCG has reported that the environmental reconstruction of the Pljevlja coal-fired thermal power plant has faced certain deficiencies and irregularities, which could potentially delay the project. EPCG noted that the project is highly complex in both scale and technical requirements and has been ongoing for several years. Over the past six […]

Montenegro: EPCG reports €24.5 million loss in first half of 2025 amid plant shutdown and weak hydrology Read More »

Montenegro: EPCG reports €24.5 million loss in first half of 2025 amid plant shutdown and weak hydrology

Montenegro’s state-owned power utility EPCG posted a loss of 24.5 million euros in the first six months of 2025, a sharp increase compared to the 3.4 million euros loss recorded in the same period last year. The company’s financial report shows total revenues of 208 million euros, while expenses rose to 234.7 million euros, driven

Montenegro: Pljevlja nears completion of district heating and power plant modernization projects Read More »

Montenegro: Pljevlja nears completion of district heating and power plant modernization projects

Pljevlja is witnessing significant progress as the district heating project nears completion, promising residents a more stable and environmentally friendly heating system. In parallel, the environmentally focused reconstruction of the coal-fired Thermal Power Plant (TPP) Pljevlja and the relocation of the Cehotina river are advancing on schedule. These projects aim to strengthen Montenegro’s energy security

Montenegro: EPCG launches tender for main design of 41.8 MW Krupac solar power plant Read More »

Montenegro: EPCG launches tender for main design of 41.8 MW Krupac solar power plant

Montenegro’s state-owned power company EPCG has launched a tender to select a contractor for the main design of the Krupac solar power plant, with an estimated contract value of 125,000 euros. The plant is planned on the shore of Krupac Lake near Nikšić, with technical documentation outlining a total installed capacity of 41.8 MW. EPCG

Montenegro: EPCG launches tender for solar modules at 12 MW Kapino Polje L1 and L2 plants Read More »

Montenegro: EPCG launches tender for solar modules at 12 MW Kapino Polje L1 and L2 plants

Montenegro’s state-owned power utility, EPCG, has announced a call for bids to supply solar modules for its Kapino Polje L1 and L2 solar plants near Niksic. The procurement is divided into two lots. Lot 1 covers modules for Kapino Polje L2, with an estimated value of 525,000 euros, while Lot 2 covers modules for Kapino

Montenegro: EPCG and EBRD secure €25 million for Gvozd 2 wind farm expansion Read More »

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

Montenegro: EPCG to relaunch SHPP Otilovici tender in August, pushing back commissioning timeline Read More »

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

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

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

Montenegro: EPCG plans 137MW Stedim solar power plant near Nikšić Read More »

Montenegro: EPCG plans 137MW Stedim solar power plant near Nikšić

Montenegro’s state-owned power utility EPCG plans to build the Stedim solar power plant near Nikšić, with an installed capacity of approximately 137 MW. Once operational, the plant is expected to generate around 169.7 GWh of electricity annually. The company has submitted documentation to the national Agency for Environmental Protection, requesting approval to conduct a full

Montenegro approves €50 million loan to fund electricity imports during Pljevlja power plant upgrade Read More »

Montenegro approves €50 million loan to fund electricity imports during Pljevlja power plant upgrade

The Montenegrin Government has approved a 50 million euro loan request from the state-owned power utility EPCG. The funds, obtained through a long-term loan from Erste Group Bank, will be used to finance electricity imports throughout 2025. This borrowing is necessary to offset the impact of the March 31 shutdown of the coal-fired Pljevlja thermal

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