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EPCG energy investment and transition progress

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2026-08-19 12:54 UTC → 2026-08-28 10:48 UTC · added removed

Elektroprivreda Crne Gore EPCG energy investment cycle and transition progress

Elektroprivreda Crne Gore (EPCG) is currently engaged in undergoing an intensive investment cycle aimed at increasing to increase domestic electricity production and reducing reduce reliance on electricity imports. To address recent financial challenges, including a While the company reported a loss of 92.12 million euros in 2025 caused by due to production drops at TE Pljevlja, HE Piva, and HE Perućica, Perućica—resulting in 101.7 million euros in import costs—Chairman of the company has focused on converting Board Milutin Đukanović noted that the cumulative financial result from 2021 to 2025 remains positive at 22.34 million euros. He emphasized that capital has been converted into long-term value. Fixed value, with fixed assets reportedly increased increasing by 242 million euros between 2020 and 2025. Key strategic initiatives include the modernization of existing New production capacities and the development are currently generating approximately 330 GWh of new energy sources. Current and upcoming projects involve electricity annually, with solar programs, the projects contributing over 203 GWh to more than 10,000 users. The Gvozd I wind farm, farm is currently in trial operation, with the ecological reconstruction of Gvozd 2 project planned for the Pljevlja thermal power plant, future. To support Montenegro’s energy transition, EPCG is expanding international cooperation, recently meeting with French energy companies Akuo and Qair in Paris to move toward concrete investment models. Infrastructure developments include opening bids for supervision of the Otilovići small hydroelectric modernization such as installing a new plant and preparing for the installation of an eighth unit at the Perućica plant. The company 40 million euro Perućica project, financed by Germany’s KfW Bank, is also exploring energy storage systems expected to support Montenegro’s energy transition. add 50 GWh of electricity to the system and improve grid stability through balancing energy.

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  1. 2026-08-28 10:48 UTC EPCG energy investment and transition progress
  2. 2026-08-19 12:54 UTC Elektroprivreda Crne Gore energy investment cycle

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