December 19, 2025
by in News

New round of talks between Montenegro and Masdar on strategic partnership

Representatives of the Government of Montenegro and Masdar discussed potential joint projects in the energy sector. The focus of the meeting was on solar energy, energy storage, and hydropower.

Minister of Energy and Mining of Montenegro Admir Šahmanović and the Minister of Public Works Majda Adžović met today at Villa Gorica in Montenegro’s capital Podgorica with Masdar CEO Mohamed Jameel Al Ramahi and his team.

It was the second meeting between Al Ramahi and Šahmanović in a short period. They met in early September.

The discussions now continued on top priority projects for the Government of Montenegro, ones that could be of mutual interest, according to the Ministry of Energy and Mining.

Priority should be given to projects that are the most technically advanced

Discussions will be intensified to define collaboration models, potential investments, and the selection of first projects to be implemented, the update reads.

Solar projects, including for floating solar power plants, alongside battery energy storage systems (BESS) and hydropower plants, have been identified as segments of special interest. These are also the areas where Masdar has significant engineering and technical experience, the ministry said.

montenegro masdar sahmanovic
Al Ramahi and Šahmanović (photo: Government of Montenegro/Saša Matić)

The two sides agreed to focus on projects that are the most technically advanced, environmentally sustainable, and aligned with the development of the power grid, to ensure their sustainable and efficient implementation.

Šahmanović: Montenegro’s strategic and long-term goal is to establish itself as a reliable and competitive player in the European energy market

Minister Šahmanović pointed out that the country’s strategic and long-term goal is to establish itself as a reliable and competitive player in the European energy market. He underscored that the development of energy infrastructure and renewable energy sources are among the government’s key priorities.

Officials participating in the meeting praised the planned construction of a second submarine cable line with Italy. It is an extremely wise and strategic investment that ensures Montenegro a stronger and more stable position in the European electricity market, they added.
Montenegro’s vision as an energy hub is fully aligned with the government’s development plans, Šahmanović stressed.

Minister of Public Works Majda Adžović highlighted the extensive experience of the United Arab Emirates in energy and infrastructure development in the public sector. It is of great importance for Montenegro’s activities in increasing renewable energy capacities, she added.

Masdar’s expert teams will continue technical talks with the management of EPCG and CGES

Masdar’s representatives have expressed readiness to continue technical discussions with the management of power utility Elektroprivreda Crne Gore (EPCG) and transmission system operator (TSO) Crnogorski Elektroprenosni Sistem (CGES).

The company’s expert teams will aim to identify priority and mature projects for joint implementation, the ministry said.

EPCG’s CEO Zdravko Dragaš and Ivan Mrvaljević, Executive Officer of EPCG’s Directorate for Development and Engineering, pointed out that the development of green energy is the company’s top priority.

A total of 200 MW in renewable energy projects are currently in development, they added.

Ivan Asanović, CEO of CGES, presented projects that are in the final stages of implementation.

Post Views:52
December 16, 2025
by in News

Montenegro adopts National Energy and Climate Plan

The Government of Montenegro has adopted the National Energy and Climate Plan, along with a bill on cross-border electricity and natural gas exchange.

The National Energy and Climate Plan (NECP) of Montenegro is the overarching strategy that clearly defines what the country should achieve by 2030: a 55% reduction in emissions, a renewable energy share of at least 50%, and substantial progress in energy efficiency, according to the Ministry of Energy and Mining.

“Over the past eight months, we have made a tremendous effort to finalize two key documents that have been awaited for years and are crucial for our European commitments,” Minister Admir Šahmanović stressed.

This is a plan that enables new investments, new renewable energy power plants, modern grid infrastructure, and a secure transition for the Pljevlja coal region, he explained.

Šahmanović: The latest European Commission report confirms Montenegro’s progress

The ministry noted that the bill on cross-border electricity and natural gas exchange is among the most important energy laws proposed by this government. Šahmanović recalled that this is not merely a technical issue.

The bill, in his words, opens the door to the single European market, directly impacts the closure of Chapter 15 of the accession negotiations with the EU, and gives full meaning to the electricity interconnection with Italy and the EU market.

It would provide greater energy security, better competition, more stable prices, and a stronger position for the country’s economy, he added.

“The latest report from the European Commission confirms that we have made progress. Today’s decisions by the government are the best confirmation of this. These are the foundations for a more energy-secure, modern, and European Montenegro, and we have reason to be satisfied with the progress we have achieved,” Šahmanović underscored.

The bill represents the most extensive reform of energy legislation in the past decade

According to the ministry, by adopting these two strategic documents, Montenegro has taken a significant step forward in aligning with EU energy rules.

The NECP integrates energy, climate, and development policies into a single framework for the first time, sets clear and measurable goals, and lays the foundation for Montenegro’s long-term energy transition.

The law on cross-border electricity and natural gas exchange represents the most extensive reform of energy legislation in the past decade, transitioning from a basic regulatory framework to a full European system of market, technical, and security rules.

Together, these two documents represent the most important reform package in the energy sector in recent years, fully aligned with European legislation and the EU’s strategic priorities, the ministry concluded.

Post Views:75
December 8, 2025
by in News

Šahmanović: Montenegro is facing its most challenging year for energy sector

Montenegro is facing its most challenging year for the energy sector, Minister of Energy and Mining Admir Šahmanović stressed.

State-owned power utility Elektroprivreda Crne Gore (EPCG) will suffer a loss of around EUR 80 million given that the Pljevlja coal power plant is offline, while electricity consumption is rising amid increases in prices of other energy sources, Admir Šahmanović told TV Vijesti.

He explained that development is focusing on the reconstruction of the thermal power plant, addressing delays in connecting solar power plants to the grid, and plans for projects including within cooperation with the UAE and an agreement with Italy on a second subsea cable.

Šahmanović: We entered this year quite wounded

The priority will be price stability and increasing the use of renewable sources, along with strengthening Montenegro’s position as an energy hub between the region and the European Union, he added.

“I can freely say that, regarding this year, it is perhaps the most challenging year in the modern history of Montenegro, exactly for the energy sector. We entered this year quite wounded given the fact that last year the hydrological conditions were the worst in the country’s history,” he asserted.

Šahmanović added the electricity demand in Montenegro has jumped 6%.

Climate change is playing its part

One of the reasons is the increase in the price of energy sources such as wood and coal, according to the minister.

He pointed to climate change as another factor. There is a growing need to install air conditioning units even in northern Montenegro, where there was previously no need for it, he added.

Therefore, in the minister’s words, the construction of other production facilities is inevitable.

Of note, EPCG’s executive manager of supply Jovan Kasalica said in April that electricity consumption in Montenegro has risen by 25% over the previous four years.

Post Views:66
December 2, 2025
by in News

Šahmanović: Montenegro still in talks on CBAM postponement

Montenegro is still negotiating a postponement of the implementation of the European Union’s carbon border tax or an exemption from the levy, according to Minister of Energy and Mining Admir Šahmanović.

“We are not giving up on the request for an exemption or a postponement of the application of CBAM. The potential effects would be significant for [Montenegro’s] energy system, which is why we are negotiating at the European and regional level, while at the same time accelerating domestic energy projects,” Šahmanović said at a meeting with the management of state power utility Elektroprivreda Crne Gore (EPCG).

The EU’s Carbon Border Adjustment Mechanism (CBAM) represents a key issue for the Montenegrin energy sector, and it requires coordinated action by the government and energy companies, it was stressed at the meeting, which was also attended by Damjan Ćulafić, the minister of ecology and sustainable development.

The CBAM negotiations require joint efforts by the government and energy companies

At a meeting of the Energy Community Ministerial Council in December last year, Montenegro and Bosnia and Herzegovina asked for the application of CBAM to be postponed.

CBAM, whose implementation is scheduled for January 1, 2026, imposes a tax on CO2 emissions for goods imported into the EU from countries that do not have carbon pricing. The tax will cover cement, iron and steel, aluminum, fertilizers, electricity, and hydrogen. CBAM is expected to have a serious impact on the EU’s neighbors, including the Western Balkan countries.

At the meeting at the EPCG headquarters in Nikšić, it was agreed to continue communication with EU institutions to ensure additional flexibility for Montenegro in the process of CBAM implementation, according to a statement from EPCG.

Montenegro will highlight its investments in environmental projects and the energy transition

A particular emphasis in the talks will be placed on arguments related to investments in environmental projects and the energy transition in Montenegro, the statement added.

The EPCG management updated the ministry on the progress of its solar and wind energy projects, which play a key role in ensuring grid stability and energy security, while Šahmanović emphasized that the state strongly supports these investments and is speeding up procedures to help build new capacities as quickly as possible, according to the statement.

Post Views:39
November 17, 2025
by in News

UAE, Montenegro establish strategic green energy partnership

A new agreement between the UAE and Montenegro will facilitate connecting the energy sector with financial technologies and artificial intelligence. The two countries are also considering to deploy solar, wind, hydropower, green hydrogen and battery projects.

The United Arab Emirates and Montenegro agreed to cooperate in the energy sector, setting up a bilateral strategic partnership for the development of renewables, modern energy infrastructure and advanced technologies. The deal envisages joint contribution to projects of strategic significance to Montenegro from solar, wind and hydropower plants to the application of battery energy storage systems and the development of the green hydrogen technology.

Minister of Energy and Mining Admir Šahmanović signed the agreement with UAE’s Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei. Montenegrin Prime Minister Milojko Spajić and the President of the UAE Mohamed bin Zayed al-Nahyan attended the ceremony.

Montenegro aspires to become digital hub

The agreement is especially significant for connecting the energy sector with financial technologies and artificial intelligence, the Ministry of Energy and Mining of Montenegro said. The country is aspiring to position itself as a regional hub for innovation, digital transformation and the energy transition, it added.

Within their strategic partnership, the two countries are looking to establish a fintech and AI council. It would consist of representatives of the public and private sector and work on the development of innovative solutions, attracting investments and strengthening the domestic economy through the implementation of progressive technologies.

Joint vision of sustainable development, energy security

The agreement is a new step in the partnership between Montenegro and the UAE, founded on a joint vision of sustainable development, energy security and economic progress, the ministry pointed out.

“The partnership confirms that foreign partners recognize Montenegro as a safe and attractive place for investment in energy and advanced technologies. Our goal is to, through cooperation with the United Arab Emirates, open a new chapter in the development of renewable energy sources, digital infrastructure and innovation,” Šahmanović stressed.

The agreement will facilitate faster materialization of projects strengthening energy security and contributing to the decarbonization of the economy and job creation in the sector of the future, the ministry said.

Post Views:145
October 30, 2025
by in News

Montenegro, Italy sign memorandum on electricity market coupling

A memorandum of understanding on Italy and Montenegro’s electricity market coupling was signed in Rome. It also paves the way for the installation of the second cable of the Monita interconnector, which runs under the Adriatic Sea.

Minister of Energy and Mining of Montenegro Admir Šahmanović (pictured middle) and Italian Minister of the Environment and Energy Security Gilberto Pichetto Fratin (left) pointed out that energy links mean a more secure future, more stable supply and more development possibilities. They signed a bilateral memorandum of understanding on electricity market coupling.

Montenegrin Prime Minister Milojko Spajić (right) attended the ceremony together with Minister of Public Works, Spatial Planning and State Property Majda Adžović. The agreement is opening a new chapter in cooperation between the two countries and further strengthens Montenegro’s position on the European energy map, the Ministry of Energy and Mining said.

Market coupling alongside strengthening interconnection with second cable

Montenegro and Italy are linked with the Monita electricity interconnector, laid below the Adriatic Sea. In the new phase of their cooperation, they intend to couple their electricity markets for a freer power flow and safer functioning of the system, the ministry’s announcement reads.

“With this agreement, Montenegro is confirming its status as a reliable partner and energy bridge between the region and Europe. After several years of stagnation, this is a bit step forward, as it enables us to initiate the continuation of the project and the construction of the second wire of the subsea cable toward Italy. It opens the possibilities for our green, clean energy to become a distinguished export product, which means new income for companies and greater competitiveness in the European market. Today we once again confirmed good neighborly relations with Italy and we are showing that Montenegro is, slowly but firmly, entering the European family through concrete projects and partnerships. This is a step that brings our citizens long-term energy security and new opportunities for development to our companies,” Šahmanović stated.

Trade at Montenegro’s wholesale electricity market is expected to triple

There are 29 companies from 13 countries participating in Montenegro’s electricity market. Since the day-ahead market was established at the Montenegrin Power Exchange (MEPX or Belen) in April 2023, some 900 GWh of electricity changed hands, while the entire volume, together with the long-term market, amounts to about 3 TWh, the statement adds.

The memorandum’s implementation will create the conditions for at least three times higher trading volume, clearer price signal for new investments and a direct contribution to improving the security of supply, the ministry claimed.

National transmission system operators (TSOs) Terna and CGES have commissioned the first part of the interconnection in 2019. The current plan is to double the capacity to 1.2 GW. Šahmanović recently said the second line should be installed by 2031.

The project is valued at EUR 500 million. A double cable enables a two-way exchange at the same time.

Post Views:117
October 15, 2025
by in News

Šahmanović: Second submarine cable line with Italy to be installed by 2031

The second line of the submarine cable connecting Montenegro and Italy is expected to be completed by 2031, Montenegro’s Minister of Energy and Mining Admir Šahmanović said at the European Union – Montenegro Investment Conference.

The two-day conference, titled Smart Growth, Green Future: Accelerating Investment in Montenegro, was opened yesterday in Luštica, near Tivat, by European Commission President Ursula von der Leyen and Prime Minister of Montenegro Milojko Spajić.

Fourteen cooperation projects between Montenegrin and European companies have been initiated at the conference, including investments in wind farms, solar parks, energy storage, and grids. It shows the great significance of the energy sector for investments.

A panel called Renewables: Scaling Montenegro’s Energy Transition examined the possibilities for accelerating the country’s energy transition and enhancing the sector’s attractiveness for investment in renewables.

Šahmanović: Montenegro strives to position green energy as an export product

Prominent international experts and investors took part in the discussion. Representing the Government of Montenegro, Minister of Energy and Mining Admir Šahmanović outlined the country’s renewable energy priorities and highlighted Montenegro’s role as a regional leader in clean energy.

Montenegro has fully harmonized its legislation with EU standards, creating a stable and predictable investment environment, in his words. Šahmanović highlighted the launch of the first solar power auction as a significant step forward in the development of renewables.

Photo: Đorđe Cmiljanić/Government of Montenegro

“The government invests in battery energy storage systems (BESS), ensuring the flexibility and stability of the grid. Montenegro strives to position green energy as a recognizable export product, thereby strengthening the country’s economic sustainability,” Šahmanović stated.

He revealed that Montenegro is about to sign a memorandum of understanding with Italy that would additionally position Montenegro as an energy bridge between the Western Balkans and the EU.

Montenegro is looking for strategic partners and investors ready to jointly implement capital projects in the energy sector

The government is wrapping up the work concerning the oil and gas sector to close chapter 15 in its accession negotiations with the EU, further strengthening investor trust, Šahmanović said.

“The implementation of the project for the construction of the second phase of the subsea cable link with Italy is expected by 2031, which will further strengthen Montenegro’s role in regional and European energy connectivity. Montenegro is looking for strategic partners and investors ready to jointly materialize capital projects in energy and contribute to regional energy stability,” the minister underlined. The investment is estimated at EUR 500 million, he asserted.

In a message to investors, Šahmanović said Montenegro is open for investments and added: “Now is the time for you to invest. We will be your service 24 hours a day, seven days a week.”

Participants at the panel included Daniel Calderon, Alcazar Energy Co-Founder and Managing Partner, Yann Guinard, EDF Director of Development for Europe, Louis Blanchard, Qair Energy President, and Nemanja Mikać, ElevenEs CEO.

Memorandum with EDF

Admir Šahmanović and Yann Guinard (photo: Ministry of Energy and Mining)

Within the conference, the Ministry of Energy and Mining of Montenegro and EDF International Networks signed a memorandum of understanding. It establishes a framework for future cooperation on modernizing the distribution network, digitizing smart grids, and integrating renewable energy sources, according to the ministry.

The memorandum foresees the implementation of pilot projects and feasibility studies that will contribute to the acceleration of the energy transition of Montenegro.

Admir Šahmanović said the deal is an important step towards strengthening green and innovative energy projects. Cooperation with EDF confirms the position of Montenegro as a country with a clear vision and open opportunities for investors, he underscored.

“EDF International Networks, as part of the global EDF Group, brings international expertise in the sector of power distribution, grid upgrade and digital transformation, which opens up space for new strategic partnerships and capital infrastructure projects,” the minister pointed out.

The memorandum confirmed the joint commitment to sustainability, integrity and energy security, with a clear focus on the well-being of citizens and the economy of Montenegro, the ministry said.

Post Views:39
October 8, 2025
by in News

Powering the Future with Sustainable Energy – North Macedonia to host 14-IFESD forum on October 28-30

Over 300 officials, policymakers, experts, business leaders, scholars and civil society representatives are gathering in Skopje on October 28 at the three-day International Forum on Energy for Sustainable Development (14-IFESD). Key topics include energy connectivity, energy security, a just energy transition and international energy cooperation.

The 14th International Forum on Energy for Sustainable Development (14-IFESD) will be held from October 28 to 30 at the Hotel Holiday Inn Skopje in North Macedonia. This year’s theme, From Goals to Action: Powering the Future with Sustainable Energy, will guide discussions among more than 300 participants, including officials, policymakers, energy experts, business leaders, scholars and civil society representatives.

They will discuss critical topics such as energy connectivity, energy security, just energy transition, international energy cooperation and collective efforts to accelerate the implementation of the United Nations 2030 Agenda for Sustainable Development.

The forum will serve as a platform for shaping actionable strategies to accelerate progress toward global sustainable energy goals

The Ministry of Energy, Mining and Mineral Resources is organizing the event in collaboration with the UN Development Programme (UNDP) Country Office in North Macedonia and the five regional commissions: UN Economic Commission for Europe (UNECE), UN Economic and Social Commission for Asia and the Pacific (UNESCAP), UN Economic Commission for Latin America and the Caribbean (UNECLAC), UN Economic Commission for Africa (UNECA) and Economic and Social Commission for Western Asia (ESCWA).

Last year’s IFESD was held in Bangkok.

The speakers list includes Prime Minister Hristijan Mickoski, Minister of Energy, Mining and Mineral Resources Sanja Božinovska, Energy Community Secretariat Director Artur Lorkowski and Minister of Energy and Mining of Montenegro Admir Šahmanović.

The forum will serve as a platform for shaping actionable strategies to accelerate progress toward global sustainable energy goals, the organizers said.

One of the segments on the first day of 14-IFESD is dedicated to opportunities for the mitigation of methane emissions from the coal sector. It will take place in a hybrid format – onsite and online.

Post Views:23
October 1, 2025
by in News

Montenegro to produce coal until 2050

The Pljevlja coal mine has been granted a concession for coal production for 24.5 years, extending the extraction of the solid fossil fuel until 2050.

Admir Šahmanović, Minister of Energy and Mining, and Nemanja Laković, CEO of coal mine operator Rudnik uglja Pljevlja (RUP), exchanged concession agreements for the period up to 2050.

They spoke at a ceremony in Pljevlja marking Miner’s Day, September 24, and the 73rd anniversary of the mine’s operation.

The signing of the concession agreement enables the long-term use of significant coal reserves in the Pljevlja municipality, which is one of the key steps in further valorizing the mining potential of northern Montenegro, according to the Ministry of Mining and Energy.

The coal extraction concession is granted for 24.5 years

“Our joint mission is for mining in Montenegro to continue developing responsibly, and in line with the highest standards. Our special focus will be on the development and future of this sector, having in mind the changes introduced by a just transition,” Šahmanović stated.

In late June, the Government of Montenegro decided to grant the concession to the mine for the excavation of lignite deposits at the sites Potrlica, Kalušići, Grevo, and Rabitlje in the Pljevlja coal basin.

The duration of the contract is 24.5 years, the government said. The mine is obliged to produce at least 1.65 million tons of lignite annually.

The Pljevlja coal power plant is planned for closing in 2041

The concession fee amounts to 4% of the market value of the excavation reserves.

Of note, almost the entire production of the mine is for the Pljevlja thermal power plant – the country’s only coal plant and the largest electricity producer.

The draft National Energy and Climate Plan (NECP) of Montenegro proposes 2041 as the provisional date for closing the Pljevlja coal plant.

The timeline primarily depends on the success of the just transition process and maintaining the security of the electricity supply, the document reads.

Post Views:20
September 15, 2025
by in News

Montenegro plans to develop LNG terminal with JERA

The Ministry of Energy and Mining of Montenegro and Japanese company JERA have signed a memorandum of cooperation in the development of projects for a liquefied natural gas (LNG) terminal and gas power plant.

The memorandum was signed at the Gastech 2025 conference in Italy by Minister of Energy and Mining Admir Šahmanović and Steve Winn, chief global strategist of JERA. They agreed to explore the possibilities for developing a project of an LNG terminal and associated gas power plant in Montenegro, according to the Ministry of Energy and Mining.

Within the strategic partnership, the government will use JERA’s extensive global experience to enhance its national energy mix, strengthen supply security, support decarbonization goals, and position Montenegro as an important energy hub in the Western Balkans.

The Japanese company and the ministry will conduct a feasibility study for the project

They will carry out a comprehensive feasibility study, covering the technical, commercial, and financial viability of the proposed LNG terminal and associated gas power plant, including an analysis of multiple potential locations.

According to the ministry’s press release, the study will provide detailed data on the cost-effectiveness and future expansion in the use of LNG in Montenegro, making a solid ground for strategic decisions beneficial to the country’s energy security and sustainable development.

Of note, in May 2023 Montenegro signed a cooperation memorandum on the planned LNG terminal and gas power plant with companies Enerflex Energy Systems and Wethington Energy Innovation, based in the United States. The European Union has also expressed its interest in the project.

Šahmanović: The study will provide data on the profitability of developing LNG in the country

Admir Šahmanović and Steve Winn (photo: Ministry of Energy and Mining of Montenegro)

Minister Admir Šahmanović said JERA is a renowned and credible global player in the areas of energy and LNG.

In his words, Japan is recognized for innovation and advanced technologies, and the cooperation will give Montenegro access to knowledge and experience necessary for the further development of its energy sector.

“The planned feasibility study will provide us with concrete data on potential locations and the profitability of developing liquefied natural gas in Montenegro, creating the basis for making strategic decisions in the interest of our country’s energy security and sustainable development,” Šahmanović underlined.

Winn: JERA is an ideal partner to support Montenegro in achieving its strategic energy goals

Steve Winn, JERA’s chief global strategist, said its extensive experience in LNG infrastructure and proven results in implementing complex international energy projects make it an ideal partner to support Montenegro in reaching its strategic energy objectives.

“We look forward to supporting Montenegro’s vision of strengthening energy security and decarbonization through practical and economically viable solutions,” he stressed.

Post Views:41
  • 1
  • 2