Europe: TTF gas prices...

In late October 2025, TTF gas futures remained relatively stable, trading in the...

Region: SEE power prices...

During Week 44 of 2025, electricity prices in Southeast Europe (SEE) declined slightly...

Romania: Econergy secures €25...

Israeli renewable energy company Econergy Renewable Energy has secured a €25 million project...

Montenegro: EPCG completes modernization...

Montenegrin state-owned power utility EPCG has completed the reconstruction and modernization of Unit...
Supported byClarion Energy
HomeSEE Energy NewsMontenegro secures €950,000...

Montenegro secures €950,000 grant for power grid modernization and renewable energy integration

Montenegrin electricity transmission system operator CGES has signed a €950,000 technical grant agreement with the French Development Agency (AFD) and French utility company RTE International (RTEi). The grant aims to modernize the country’s electricity infrastructure and facilitate the integration of renewable energy sources into the grid.

The project will focus on upgrading and expanding the 225/110 kV Perucica substation and replacing two outdated transformers at the Pljevlja substation. These substations are crucial for the stability of Montenegro’s national electricity grid, and the upgrades will enhance its capacity to support new renewable energy installations, while also reducing transmission losses.

This initiative aligns with Montenegro’s commitment to achieving carbon neutrality by 2050. In addition to the infrastructure improvements, the grant will fund studies to implement digital solutions and improve grid management and monitoring. The project is financed by AFD, with RTEi providing the necessary technical expertise.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: TTF gas prices remain stable around €31–32/MWh as European demand and LNG growth slow

In late October 2025, TTF gas futures remained relatively stable, trading in the €31–32/MWh range. The completion of maintenance at Norway’s Troll gas field and forecasts of mild, windy weather through mid-November were the main factors supporting steady prices. On...

Region: SEE power prices ease in Week 44 as demand and renewables decline

During Week 44 of 2025, electricity prices in Southeast Europe (SEE) declined slightly compared to Week 43, driven by milder weather and reduced demand. Despite the drop, most SEE markets maintained average weekly prices above €100/MWh, with the exception...

Romania: Econergy secures €25 million financing from Vista Bank for 56 MW solar project

Israeli renewable energy company Econergy Renewable Energy has secured a €25 million project financing agreement with Vista Bank Romania to support its 56 MW Scurtu Mare solar power plant located in Teleorman County, southern Romania. The new financing facility will...
Supported byVirtu Energy
error: Content is protected !!