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Hellenic Petroleum has allocated €130m for solar energy

Hellenic Petroleum has allocated €130m for solar energy

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

Electricity from Montenegro goes to Greece, Malta, France

Electricity from Montenegro goes to Greece, Malta, France

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 will be able to produce electricity in summer and use it in winter

Citizens will be able to produce electricity in summer and use it in winter

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

Montenegro’s three biggest export products – aluminium, electricity and bauxite

Montenegro’s three biggest export products – aluminium, electricity and bauxite

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

More than €2m in the Renewable Energy Fund

More than €2m in the Renewable Energy Fund

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

Results of Ramform Titan oil research by the end of 2019

Results of Ramform Titan oil research by the end of 2019

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

China-Montenegro relations have never been better

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

Corriere della Sera about Montenegro: One of the most dynamic economies in Europe

Corriere della Sera about Montenegro: One of the most dynamic economies in Europe

  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

New project in Luštica

New project in Luštica

Montenegrin Electricity Transmission System and German Development Bank (KfW) signed the contract on loan worth 20 million EUR. The purpose is the construction of electric and energy infrastructure on peninsula Luštica. “This project includes the construction of the new substation in Radovići, extension of a substation in Tivat, installation of underground cables connecting the substation… READ MORE

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