Montenegro to spend €32m loan on smart meters

Montenegro plans to use a €32 million (£27.6m) loan to become a regional leader in smart meters. The country’s electricity distribution company, Crnogorski Elektrodistributivni System (CEDIS), plans to use finance from the European Bank for Reconstruction and Development (EBRD) to buy 60,000 smart meters, benefitting more than 85% of the country’s consumers. The company will also […]

€48.5m for a wind farm in Montenegro

A London-based bank is investing €48.5 million (£33.95m) in a wind project in Montenegro. Energy company Krnovo Green Energy will use the cash from the European Bank for Reconstruction and Development (EBRD) to build and operate the wind farm in the west of the country. The Krnovo wind farm is expected to have a capacity of […]

Montenegro gets extra €30m for smart meter installations

Montenegro has received an extra €30 million (£24.8m) from the European Bank for Reconstruction and Development (EBRD) to expand its smart metering programme. The nation’s main electricity provider, Elektroprivreda Crne Gore AD Nikšić (EPCG), will use the cash to further install smart electricity meters across the country. Around 164,000 smart electricity meters have been installed […]

€60m loan for new Montenegro-Italy interconnector

Montenegro has secured a loan from a London-based bank to build a new power transmission line that will link the nation to Italy. The €60 million (£50.7m) loan will be used to finance an undersea interconnection and a new substation, which will help strengthen the existing high voltage network near the Adriatic Coast (pictured). The […]