Elektroprivreda (EPCG) along with the French firm EDF is dedicated to enhancing collaboration in the energy domain, particularly in advancing hydropower initiatives that are vital for bolstering Montenegro’s energy independence and aiding the nation’s transition to green energy.

Topics discussed between EPCG and EDF representatives included ongoing and upcoming energy endeavors, particularly focused on developing hydropower infrastructures in Montenegro. This collaboration follows a Memorandum of Understanding signed between the two entities in the middle of last year.

“Our partnership with a prestigious French entity revolves around the joint execution of the Kruševo hydroelectric power plant (HPP) construction, which holds great significance for Montenegro’s energy landscape,” said EPCG.

The Kruševo HPP project, boasting an installed capacity of 82 megawatts (MW) and an anticipated annual output of 170 gigawatt hours (GWh), is deemed a strategic investment pivotal to enhancing Montenegro’s energy framework. The Kruševo HPP was identified as the most effective means of utilizing water resources in its upstream location, based on the 2023 Study on Utilizing the Piva River’s Hydropower Potential,” the announcement elaborated.

Both parties expressed satisfaction with the project’s progress thus far, including the signing of a contract at the end of November last year with the reputable Water Management Institute “Jaroslav Černi” from Belgrade for the project’s development and detailed geological assessments.

The necessity for establishing a Coordination Body was emphasized, comprised of representatives from the Montenegrin Government, relevant ministries, EPCG, and EDF. This body would oversee the project’s progress and guarantee effective coordination among all parties involved.

“A primary discussion point was the sharing of experiences in developing and implementing battery electric storage systems that both firms are engaged in. Following their implementation, conditions for electricity storage, system balancing, and significant contributions towards optimizing energy from renewable sources (RES) will be established,” stated EPCG.

Additionally, EPCG representatives briefed their counterparts on the Ministry of Energy’s initiative to create a study analyzing Montenegro’s water potential, which will aid in future hydroelectric power plant constructions.

The discussions underscored a positive trajectory in the energy sector and how the merger of EDF and EDF Renewable would streamline organizational structures and enhance project execution efficiency.

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