Geological surveys for the Krusevo hydropower plant have started, marking the first concrete step in one of Montenegro’s key energy projects. The work follows a contract signed on 29 November 2024 between EPCG and the Jaroslav Cerni Institute for Water Management, fully financed by EPCG, allowing parallel advancement of all necessary procedures.
The 82 MW Krusevo plant, with an estimated annual output of 170 GWh and a €160 million investment, is a strategic priority under Montenegro’s National Energy and Climate Plan. EPCG plans to integrate battery systems and possibly a pump-storage solution to balance variable renewable sources like wind and solar.
The project benefits from international cooperation with France’s EDF, based on a September 2024 Memorandum of Understanding and a bilateral treaty supporting joint energy projects. EPCG executives view HPP Krusevo as a cornerstone of Montenegro’s future energy system, signaling a new era of energy security, growth, and sustainability in the region.
