Tag Archives: EPCG
Montenegro grants 10-month extension for EPCG’s Otilovići small hydropower preparatory phase
Montenegro has approved a 10-month extension for the first stage of EPCG’s Otilovići small hydropower project near Pljevlja, reflecting continued permitting and documentation delays. The revised…
CBAM squeezes EPCG export earnings, underscoring the financial risk of coal-heavy power
Montenegro’s state utility EPCG has already seen a €13 million drop in export-linked revenues in the first quarter of 2026 as the EU’s carbon border framework…
Montenegro targets end-of-year documentation milestone for Kruševo hydropower
Montenegro is advancing the Kruševo hydropower project into a more defined development stage, aiming to complete key technical and project documentation by year-end. The milestone is…
Montenegro turns to EPCG-led execution as Briska Gora anchors a €500mn solar build-out
Montenegro’s solar push is moving away from headline capacity targets toward bankability and tighter contract design, with state utility EPCG positioned as developer and offtaker. The…
EPCG and Masdar JV points to Montenegro’s push for export-led renewable power
Montenegro’s state utility Elektroprivreda Crne Gore (EPCG) has signed an agreement with Masdar to create a joint platform for building and operating renewable assets, with a…
Crna Gora odobrila finansijski paket za EPCG: modernizacija hidroelektrana i refinansiranje obaveza
Vlada Crne Gore je odobrila paket finansiranja za EPCG koji ukljuÄŤuje kredit KfW banke od 40 miliona evra za treću fazu modernizacije hidroelektrana, kao i dodatni…
Montenegro approves dual financing for EPCG: hydropower upgrades plus liability restructuring
Montenegro’s government has approved a financing package for state utility EPCG that pairs a KfW-backed credit line for hydropower modernization with a separate facility to refinance…
EU carbon border mechanism hits EPCG as Montenegro stays tied to coal
Montenegro’s power utility EPCG reported losses of about €13 million in the first quarter after the EU carbon border mechanism began affecting electricity generated from carbon-intensive…
Montenegro approves €40 million EPCG borrowing to strengthen power resilience as trade deficit widens
Montenegro has approved a €40 million borrowing package for state utility EPCG, backed by KfW, to expand the Perućica hydropower plant. The financing comes as carbon…
CBAM starts to bite into EPCG’s export model as Montenegro utility posts €13m Q1 loss
Montenegro’s state-owned power producer EPCG reported a €13 million loss in the first quarter of 2026, with the European Union’s Carbon Border Adjustment Mechanism already driving…