Elektroprivreda Crne Gore (EPCG) is making significant investments in renewable energy, entering its largest investment cycle since its founding, according to a company statement.
EPCG CEO Ivan Bulatović announced that by the end of this year, the first megawatt-hours will be produced at the Gvozd wind farm, which is owned by EPCG. Additionally, over the next three years, the company plans to connect approximately 200 MW of solar capacity to the transmission grid.
Speaking at a panel dedicated to artificial intelligence solutions for the stability of the power system during the second day of the Energy Summit in Trebinje, Bulatović highlighted that Montenegro is a regional leader in developing the prosumer concept, with 70 MW of small solar systems already connected on rooftops. By the end of this year, this figure is expected to reach 100 MW.
Bulatović also emphasized the importance of the Kruševo Hydroelectric Plant, which is being developed in cooperation with French partners, and reminded attendees about the ecological reconstruction of the Pljevlja Thermal Power Plant (TPP), which will ensure its stable operation in the coming years.
Commenting on the state of the transmission network, Bulatović pointed out that insufficient development of transmission infrastructure is not only an issue for Montenegro but for the entire region and Europe, as the networks were not designed to handle the rapid growth of renewable energy sources.
He reminded investors in Montenegro that they have the option to build their own connections, as regulated by the legal framework. He also emphasized that Montenegro’s transmission network is relatively well-developed, thanks to earlier investments from the Yugoslav era.
Regarding the interconnection with Italy, Bulatović stated that one 600 MW undersea cable has already been installed, and the installation of a second cable is expected soon, as all necessary infrastructure is already in place on both sides.
Bulatović assessed that the energy landscape of the region has changed significantly, with all countries rapidly advancing the development of renewable energy as part of the energy transition and decarbonization efforts.
With the construction of the cable to Italy and planned new interconnections, additional transmission capacities have been created, allowing Montenegro and the entire region better access to the European electricity market.
He also highlighted key infrastructure projects, such as the Trans-Balkan Corridor and planned interconnections with Albania and Bosnia and Herzegovina, stressing that the development of the transmission network will continue in line with the needs of investors and energy production.
