Montenegro government to abolish renewable energy reimbursements, not grant small hydro concessions - Hydro Balkans
+44 207 394 30 90 (London)

Montenegro government to abolish renewable energy reimbursements, not grant small hydro concessions

Main » News » Montenegro government to abolish renewable energy…

The Prime Minister of Montenegro announced May 23 that the Cabinet of the country has decided to abolish the reimbursement for RES1 starting June 1. Additionally, “the practice of not giving new concessions for small hydro power plants will continue,” according to the Government of Montenegro website.

In a press briefing, Economy Minister Dragica Sekulic said the amount of funds needed to cover the necessary amount will be now paid from the budget and the funds collected from the polluters. “In this way, we ensured that the electric power industry of Montenegro’s market operations are not disturbed, that citizens are partially relieved of payments by using renewable energy sources, and that the average electricity bills remain the same or partly reduced,” she said.

Res1 has been funded through consumers’ energy bills, accounting for1% to 5% of monthly energy bills, depending on consumption.

The definition of small hydro in the country was not given.

According to the International Hydropower Association’s 2019 Hydropower Status Report, Montenegro has a total installed hydro capacity of 658 MW, with annual generation of 2.04 TWh.

In January 2016, HydroWorld.com reported that Montenegro contained 143 of the total 1,355 greenfield hydropower plants being planned or having entered operation since 2005 in southeast Europe.

Source: hydroworld.com

MORE:

Albania’s Age Erzen seeks construction permit for small HPP near Tirana

Albanian company Age Erzen has applied for a building permit for a small hydro power plant (HPP), the energy ministry said. The company plans to build a HPP of up to 2 MW on a tributary of Erzen river in Tirana region, the energy ministry said in a statement last week. Albania produces over 90%…


EBRD to invest €250M in Turkish energy sector in 2019

Turkey’s energy sector has been attracting around €250 million ($280 million) per year from the European Bank for Reconstruction and Development (EBRD) and the bank plans to maintain the same levels of financing in 2019 as well, Managing Director for Sustainable Infrastructure Group at the EBRD said on June 19. Nandita Parshad, managing director for…


ELSEWEDY ELECTRIC acquires a portfolio of renewable energy assets in operation in Greece

The completion date is expected to be on or before the 28th of June 2019 and subject to the normal terms and conditions for completing similar transactions Cairo, Egypt: ELSEWEDY ELECTRIC, a leading Integrated Energy and Infrastructure Solution Provider announces entering into a Share Purchase Agreement with R.F. Energy S.A. (a subsidiary of F.G Europe…