Montenegro is progressing clearly towards energy transition; however, legislative reforms and more streamlined administrative processes are essential, stated Milutin Đukanović, the Chairman of the Board of Directors of the Electric Power Company (EPCG).

Đukanović made this remark at the sixth Energy Summit “SET Trebinje 2025”, which was officially inaugurated today at the Cultural Center in Trebinje.

During the first panel discussion titled “Just Transition of the Energy Sector – Where Are We and How to Continue?”, he highlighted that the policy of “produce where you spend” is crucial for a successful green transition.

As reported by EPCG, Đukanović highlighted that advancements in solar energy technology and battery systems yield substantial benefits.

He mentioned that energy capture from each square meter is expected to significantly increase in the upcoming decades.

In discussing the current landscape, Đukanović noted that when he assumed leadership at Elektroprivreda, the capacity of solar power plants was unclear.

“We consulted five engineers and received five different assessments on connecting solar power plants. We now have a definitive strategy, and transmission capacity is no longer an issue,” stated Đukanović.

He added that another crucial aspect of their business policy is leveraging hydropower infrastructure to support the integration of solar power plants.

“We should not waste a single drop of water for electricity generation when sunlight is available,” Đukanović emphasized.

He pointed out that a third priority is the robust development of battery systems, announcing that on March 26, a study will be officially adopted at the Board of Directors meeting, followed by a public tender for the procurement of four large battery systems with a combined capacity of 120 MWh.

“Additionally, the Krnovo and Gvozd wind farms will further enhance our energy sector,” Đukanović remarked.

He emphasized that work on the 55 MW Gvozd wind farm is progressing well, with the delivery of wind turbines anticipated in September.

“If everything goes as planned, we expect to start trial operations by the year’s end. Simultaneously, the implementation of the Gvozd 2 wind farm and significant solar power projects is ongoing,” added Đukanović.

He expressed satisfaction that Montenegro already possesses the necessary urban and technical infrastructure for over 350 MW of solar power plants, particularly around Nikšić.

“We are developing projects for the Kruševo hydroelectric power plant in collaboration with the French company EDF, and we are working with the American company UGTR and Hyundai on new solar facilities,” said Đukanović.

He also underlined the significance of the “Solari 5000+” project, which aims to install solar panels on as many public and state institutions as possible.

“Our objective is to provide subsidies for solar panel installation to as many households as possible. Thanks to the Eco Fund, which allocates eight million euros annually, subsidies have already been provided to 3,500 households for solar panels,” Đukanović pointed out.

He mentioned that development is also underway for 400 MW gas-fired power plants, alongside further research into battery systems.

“State-owned companies often face hindrances arising from public procurement and bureaucracy. While a private entity can purchase equipment worth 100 thousand EUR instantly, it may take us several months to complete the procurement process,” remarked Đukanović.

He reiterated that Montenegro has a clear trajectory for energy transition, but legislative updates and improved administrative efficiency are crucial.

“If we eliminate regulatory barriers, it would be challenging for any region to find a more competitive sector than energy,” concluded Đukanović.

The statement noted that during the three working days of the Summit, pivotal energy topics in the region would be discussed in one plenary session and six panel discussions.

The summit has attracted nearly 1000 participants.

EPCG announced that AI-driven technological solutions aimed at ensuring power system stability will be the focus on the second day of the Summit.

“On the same day, leading experts from the region will also address the strengthening and expansion of the transmission network to enhance its reliability,” the statement mentioned.

On the third day of the Summit, contemporary energy issues will be deliberated upon.

“Participants will have the opportunity to learn the latest advancements in technologies for efficient energy storage, supporting grid stability, and integrating renewable energy sources,” the statement added.

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