Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...

Bulgaria: TPP Maritsa 3...

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million...

Bulgaria: Bobov Dol thermal...

The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately...
Supported byClarion Energy
HomeSEE Energy NewsMontenegro: EPCG seeks...

Montenegro: EPCG seeks international partner for controversial HPP Komarnica project

Montenegro’s state-owned power utility, EPCG, is preparing to bring an international partner on board to support the development of the long-delayed Komarnica hydropower plant. Designed to have an installed capacity of 172 megawatts and produce approximately 213 gigawatt-hours of electricity annually, the project is part of EPCG’s broader hydropower expansion strategy.

Alongside Komarnica, EPCG is also pursuing projects at Krusevo, Cehotina, and Sutorina. Among these, Komarnica and Krusevo have progressed the most, although Komarnica continues to face serious delays. Environmental organizations have opposed the project due to its potential impact on protected natural areas, and as a result, it has been stalled for over two years.

In an effort to move forward, EPCG has initiated discussions with international partners, including French state energy company EDF, particularly in connection with the Krusevo and Cehotina projects. For Komarnica, EPCG recently decided to withdraw its environmental impact assessment (EIA) after the Environmental Protection Agency requested revisions within a short timeframe. The company now intends to enhance its environmental studies, including a more thorough analysis of potential effects on Durmitor National Park, a UNESCO World Heritage Site.

EPCG has underscored its commitment to transparency and compliance with European Union environmental standards. The utility sees the inclusion of a reputable foreign partner and cooperation with the Montenegrin Government as key steps toward setting a new standard for sustainable energy development in the country. According to EPCG, nations such as Austria, France, and Norway have demonstrated that it is possible to meet energy needs while preserving the environment—and Montenegro can follow a similar path.

In addition to meeting energy demand, EPCG views hydropower as crucial for maintaining the stability of the national power grid and supporting the integration of other renewable sources like solar and wind. A final decision on the future of the Komarnica project is expected by the end of the year.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County,...

Croatia: Summary of Guarantees of Origin auctions for electricity held on 29 July

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold in auctions organized by HROTE and ENNA Next. These auctions were conducted in five parallel sessions via CROPEX’s IT trading platform, covering GOs from wind, biogas,...

Bulgaria: TPP Maritsa 3 narrows loss to €2.7 million in first half of 2025

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million in the first half of 2025, a significant improvement compared to a €11.5 million loss during the same period in 2024. The company’s total revenues fell to...
Supported byVirtu Energy
error: Content is protected !!