Montenegro's EPCG gets loan from Germany's KfW for hydro plant overhaul - 4th Annual International Summit and Exhibition: Hydropower Balkans
+44 207 394 30 90 (London)

Montenegro’s EPCG gets loan from Germany’s KfW for hydro plant overhaul

Main » novosti » Montenegro’s EPCG gets loan from…

SARAJEVO (Reuters) – Montenegro power utility EPCG EPCG.MOT signed a 33 million euro ($36.5 million) loan deal with German state-owned development bank KfW [KFW.UL] on Wednesday to help fund the overhaul of three turbines at its 307 megawatt (MW) Perucica hydro power plant.

The deal is a part of the KfW’s ongoing 80-million-euro Greening Public Infrastructure program for Montenegro, EPCG said in a statement.

The overhaul of EPCG’s oldest hydro power plant, aimed at extending its lifespan and boosting output and reliability, is due to commence next year, it said.

Part the loan will go toward project documentation for the construction of a 58.5 MW turbine at the plant, EPCG said.

EPCG operates 649 MW of installed hydro power capacity and 225 MW of coal-fired power generation capacity.

It plans to add new wind and solar capacity to help meet EU renewable energy targets and cut greenhouse gas emissions.

EPCG shareholders last month approved a plan to increase the government’s stake in EPCG to 85.4% from 76.9%, after Italy’s biggest regional utility A2A (A2.MI), which currently holds a 11.9% stake, decided to sell out of EPCG.

Reporting by Maja Zuvela; editing by Jason Neely

Source: www.reuters.com

MORE:

EPCG to invest EUR 700 million to build new renewables capacities, upgrade other facilities

Author: Vladimir Berbatović Source: Balkan Green Energy News https://balkangreenenergynews.com/epcg-to-invest-eur-700-million-to-build-new-renewables-capacities-upgrade-other-facilities/ State power utility Elektroprivreda Crne Gore (ЕPCG) will invest a total of EUR 700 million to build new renewable energy capacities and upgrade its other power generation facilities to bring them into line with environmental standards, with the aim of reducing dependence on imports due to hydrologic conditions,…


EPS to invest EUR 4.6 billion by 2027, EUR 700 million to go into hydropower, renewables

Author: Vladimir Spasić Source: Balkan Green Energy News https://balkangreenenergynews.com/eps-to-invest-eur-4-6-billion-by-2027-eur-700-million-to-go-into-hydropower-renewables/ Public power utility Elektroprivreda Srbije (EPS) intends to invest EUR 4.6 billion from 2019 to 2027, of which EUR 1.6 billion in the modernization of existing and construction of new thermal power plants (TPPs) as well as environmental protection, EUR 1,3 billion in distribution projects, EUR 1 billion…


Romanian hydropower company spends EUR 80 mln to refurbish 350MW power plant

Romania’s state-owned hydropower company Hidroelectrica will totally refurbish its hydropower plant (CHE) Râu Mare – Retezat under a EUR 80 million project, financed from own funds. The plan’s capacity will increase to 350MW after the process, Economica.net reported. The company wants to make CHE Râu Mare – Retezat the country’s largest supplier of system services,…