Investors from the United Arab Emirates, France and the United States have expressed interest in Montenegro’s energy sector, particularly in solar and wind power, energy storage systems, and grid modernization, according to Energy Minister Admir Šahmanović.
He emphasized that investments in renewable energy and grid upgrades could reach hundreds of millions of euros and stressed the urgency of swift action to remain attractive to investors. The state-owned power utility, EPCG, is expected to play a central role in all major projects.
Montenegro offers a stable investment environment, strategic locations for renewable energy projects, and long-term concessions, with mandatory involvement of EPCG as a partner.
Šahmanović also announced that the draft of Montenegro’s National Energy and Climate Plan will soon be open for public consultation. It includes provisions for the Pljevlja thermal power plant to operate until 2041, with gradual modernization and emission reduction.
He highlighted that Montenegro has a unique opportunity to position itself as a regional energy hub, shifting its economic focus more toward energy rather than relying solely on tourism.
