Montenegrin Electricity Distribution System revenues totaled €37.306.530 in nine months, which represents a 20% decrease on the same period of 2019. When it comes to the undersea cable, Distribution system made a profit of €3.8 million from the allocation of cross-border capacities. Total revenues exceed €7 million. During the coronavirus pandemic, Montenegrin Electricity… READ MORE
Ministry of Sustainable Development has issued building permit to “C&S Energy” Company for the construction of the small hydropower plant, Bjelojevićka 2 Mojkovac. This company is owned by Montenegrin football player Stefan Savić, and “Čelebić” Company, founded by Mr Tomislav Čelebić. Synergy Company has 1% share in C&S Energy. At the beginning of the year,… READ MORE
The oil company Hellenic Petroleum SA has completed the purchase of a powerful portfolio of photovoltaic solar projects in the wider region of Kozani in Greece, with a total value of 130 million euro, the company announced. Hellenic Petroleum, which has majority ownership over the Montenegrin Jugopetrol, says that the photovoltaic solar project would be… READ MORE
Italian energy company Terna, which implemented energy connection project will continue to invest in Montenegro. As stated in the half-year report produced by Terna, Montenegro is likely to see additional investments in energy infrastructure, which would finally result in greater development of energy market. Terna is expanding its network towards France. Increase in the interconnection… READ MORE
Citizens who have the opportunity to produce electricity from solar panels can accumulate it in the distribution system during spring and summer, and use it in autumn and winter, representatives of the Ministry of Economy explained. They pointed out that the amendments to the Law on Energy, recently adopted by the parliament, improve the existing… READ MORE
According to the preliminary data on foreign trade exchange from the Statistical Office of Montenegro, in the first eight months Montenegro has exported goods worth €263,4 million. Compare with the same period last year, the export has maintained the same level. This year Montenegro mostly exports aluminium, electricity and bauxite. Ms Jadranka Kaluđerović, economic analyst… READ MORE
In the end of 2018, the renewable energy fund totalled €2.02 million and this whole amount of money has been transferred to this year’s fund, according to the Business Report of the Montenegro Electricity Market Operator, COTEE. The fund has been increased by €129,272 in 2018, writes Dnevne Novine daily. The Business Report confirms an… READ MORE
The results of the second 3D offshore seismic survey, carried out by the Ramform Titan vessel of Norway’s Petroleum Geo-Services (PGS), a contractor of Energean, will be known by the end of 2019, Montenegro’s Hydrocarbon Agency told Dnevne Novine daily. This Agency also told that the data is to be collected after the completion of… READ MORE
Ambassador of China to Montenegro Liu Jin claims relations between China and Montenegro have never been better. Over the past few years, Jin said, the cooperation between the two countries in the area of tourism, energy and infrastructure, as well as in other sectors, has achieved significant progress, reports Pobjeda daily. “Moračica bridge spanning structure… READ MORE
Text entitled “Montenegro runs and invites Italian small and medium enterprises” (Il Montenegro corre e chiama le Pmi Italiane) was published today in one of the most influential Italian magazines, “Corriere della Sera” – “L’Economia”,in the column “Investments abroad”. As the magazine states, Montenegrin GDP has quadrupled since 2000, taking out loans has become… READ MORE