Tag: EPCG

Average July electricity bill at 36.5 euros – Montenegro, 13 August 2019

Average electricity bill for households in July 2019 amounted to 36.46 euros, which is 16 % higher compared to the previous month (31.33 euros). Lowest average monthly consumption was recorded in Pljevlja municipality (21.8 euros), while the highest consumption was in Ulcinj, where the average bi Full article available for subscribers of Energy NEWS service […]

EPCG recorded over three times lower profit in H1 2019 – Montenegro, 08 August 2019

Montenegrin power utility EPCG recorded a net profit in the amount of 13.2 million euros in the first half of 2019, which is over three times lower compared to 42.9 million euros profit in the same period last year. According to the financial report, company’s operating income reached 161.9 milli Full article available for subscribers […]

State guarantee for HPP Perucica modernization loan approved – Montenegro, 02 August 2019

The Government of Montenegro has adopted the information on providing state guarantees for the loan agreement worth 33 million euros between German Development Bank KfW and power utility EPCG for the second phase of reconstruction and modernization of hydropower plant Perucica. In the next two ye Full article available for subscribers of Energy NEWS service […]