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Montenegro’s EPCG, DSO, TSO to establish Consolidated Data Center

The three key companies in the electricity sector of Montenegro – Elektroprivreda Crne Gore (EPCG), distribution system operator (DSO) CEDIS, and transmission system operator (TSO) CGES – have signed a letter of intent to start strategic cooperation on the installation of the Consolidated Data Center (CDC).

The initiative for the construction of the Consolidated Data Center represents a significant step towards the digital transformation of the Montenegrin power system and the establishment of a modern information hub, according to EPCG, CEDIS, and CGES.

Within the partnership, the three companies are jointly invest resources and know-how to create a technologically advanced data management system and digital services. The Consolidated Data Center will be located in the Željezara Nikšić industrial complex.

CDC’s capacity could be used commercially for the needs of other institutions and businesses

Apart from CDC’s primary role, the modernization of the state-owned power companies, its capacity could offer services to other institutions and companies.

The signatories have already initiated the first step – the preparation of a feasibility study that will define the technical and economic parameters of the project. Based on its results, a special agreement will be adopted to specify the next steps.

EPCG CEO Ivan Bulatović said the Consolidated Data Center isn’t just an infrastructure project.

Bulatović: The goal is to create a system set for the challenges of the future

“It is the foundation of digital transformation that will enable more accurate data analysis, greater efficiency in decision making, and a safer power system. Our goal is to create a system set for future challenges. Digitalization is an inevitable step in the modernization of the sector, and CDC is a key segment of that process,” Bulatović stressed.

According to Vladimir Ivanović, CEDIS CEO, the cooperation of key Montenegrin energy companies is significant, as is providing support to other businesses.

Ivanović: CDC to enable better coordination between companies

“The development of the power system doesn’t only mean investments in the grid and capacities, but also in smart solutions enabling greater flexibility and safety in operations,” Ivanović noted.

He underlined the CDC’s role in improving coordination between companies, reduction of operating costs, and improvement of IT infrastructure.

Asanović: A strong step forward in the modernization of the sector

CGES CEO Ivan Asanović stressed the project’s importance for digitalization and the creation of a system that will enable more efficient management of power resources at the level of the entire country.

CDC represents a strong step forward in upgrading the sector and ensures a better connection between all key participants in the power system, according to Asanović.

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Belgrade Energy Forum 2025 – 50 speakers at eight panels to track pace of SEE energy transition

The agenda of the third Belgrade Energy Forum, taking place on May 14-15, has been finalized with the addition of further prominent energy experts and companies. The conference, organized by Southeast Europe’s leading energy news portal, Balkan Green Energy News, will feature eight panels covering key topics in the energy sector, with an impressive lineup of speakers. Make sure you register on time via this link.

The Belgrade Energy Forum will once again be a meeting place for representatives of regional and international institutions and organizations, as well as the business community from across the region, Europe, and the world.

Eight panels featuring more than 50 speakers will offer an overview of the current challenges in the energy sector. Conference participants will hear in-depth analyses of the current situation, but also projections for the future. The thread that connects everything at this year’s BEF is digitalization – it permeates energy production, consumption, and storage and allows enough flexibility for the stable functioning of the energy systems of the future, where renewable energy will dominate.

Chikán: Electricity knows no borders

One of the key speakers at the conference, Alteo Group CEO Chikán Attila, will lead the company’s high-level delegation. Alteo has recently launched a regional expansion drive, aiming to establish a green platform of up to 2 GW in energy production, including operation, software, maintenance, storage, and waste management.

The Hungarian company primarily targets its home market, Slovakia, Croatia, and Serbia.

“Electricity knows no borders, therefore partnerships and collaborations among energy market players are essential, even at the regional level. Such cooperation is vital to ensuring the security and reliability of electricity supply, facilitating the integration of renewable energy sources, and providing essential digital solutions, supported by expertise and professional know-how,” Chikán stressed.

Decarbonization strategies for power generation in Southeast Europe 2040/2050

  • Dejan Paravan, CEO, GEN Energija
  • Dušan Živković, CEO, EPS
  • Eric Scotto, CEO, AKUO
  • Milutin Đukanović, Chairman, EPCG Board of Directors
  • Neda Lazendić, Country Manager, WV-International

Although at the heart of national energy systems, state-owned power utilities are faced with an environment that has changed and continues to change rapidly. The key shift is the entry of private capital into electricity production through the construction of solar power plants and wind farms.

The energy transition, at this stage, requires cooperation between state power utilities and private companies. With decarbonization as the main objective, the key challenge lies in choosing appropriate strategies and electricity generation technologies.

Moderating the panel will be Dražen Jakšić, Director of the Energy Institute Hrvoje Požar (EIHP).

“The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation. As a sponsor of the Belgrade Energy Forum, EIHP is committed to fostering dialogue and driving sustainable energy solutions. I look forward to an insightful discussion,” he stressed.

Jakšić: The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation

In recent years, nuclear energy has emerged as a possible alternative. There is hardly a better interlocutor on this topic in the region than Dejan Paravan, the top man of GEN Energija, the Slovenian company developing the Krško 2 nuclear power plant project.

Dušan Živković, CEO of Elektroprivreda Srbije (EPS), will tell us about the Serbian power utility’s plans when it comes to nuclear energy.

Živković: Without decarbonization, the region’s energy sector has no future

“Without decarbonization, there is no future for the region’s energy sector, and that is the biggest challenge ahead of us. It is essential to accelerate decisions and ensure sustainable project financing mechanisms that will provide energy security for every country and power utility in the decades to come. By investing in existing capacities and new renewable energy projects, EPS, as the biggest utility in the region, will make its own contribution to energy security. That’s why we have initiated a transformation process – because we need to be more profitable, more efficient, and fully prepared to tackle any challenge,” Živković pointed out.

The energy transition, in his words, is the path EPS has chosen, and all its plans will align with that goal, based on the belief that the diversification of energy sources and new technologies are essential for achieving it. “These are just some of the key messages I will share with the participants of this year’s BEF,” said Živković.

Eric Scotto, co-founder and CEO of French company Akuo, will share the latest information on the energy transition from across the globe.

The company’s portfolio consists of 1.9 GW of power plants in operation and under construction, with a further 12 GW in the pipeline in more than 20 countries around the world, including a number of countries in the Southeast Europe region.

Integration of Western Balkans electricity markets into internal European market through market coupling

  • Anže Predovnik, Director, ADEX Group
  • Ivan Asanović, Executive Director, CGES
  • Marko Bislimoski, President, Energy, Water Services and Municipal Waste Management Services Regulatory Commission of the Republic of North Macedonia
  • Zoran Vujasinović, Policy Officer, ACER

The integration of the Western Balkans’ electricity markets with the European Union (EU) markets is a process that deserves much greater public attention than it currently receives. It is safe to say that its true importance will become evident only once it is completed.

Full integration will unlock significant synergies, maximizing the benefits of a unified market by enhancing supply security, accelerating the integration of renewable energy sources, and fostering greater competition and transparency.

Moderator Dejan Stojčevski, CTO of the SEEPEX power exchange, says the panel seeks to encourage dialogue on the importance of cross-border collaboration and market efficiency in bolstering energy security and sustainability in the region.

Bislimoski: The time for inspiring speeches is over. Geopolitical developments demand action – now!

Since market integration is largely the job of regulators, the challenges they face will be analyzed by Marko Bislimoski, president of North Macedonia’s Energy and Water Services Regulatory Commission (RKE).

He says that three things are essential for the regional integration of electricity markets into a single European market: investment, investment, and nothing but investment. In his words, the energy crisis demonstrated that limitations become a reality when governments fail to prioritize the implementation of key energy infrastructure capacities in their budgets.

“This past winter, the region faced the highest electricity prices compared to the rest of Europe. Why? Because the implementation of energy investments is not just a ribbon-cutting ceremony. Today, more than ever before, the countries of the former Yugoslavia must demonstrate maturity. These are the years when energy independence will be built through action. The time for inspiring speeches is over. Geopolitical developments demand action – now!” he stressed.

Energy revolution underway – uniting efforts to deliver green, intelligent and sustainable energy solutions

  • Aleš Prešern, VP, Head of Southeast Europe, Siemens Energy
  • Maja Turković, SVP, CWP Europe
  • Ann-Catherine de Tourtier, Managing Director Mediterranean, Nordex Group

As much as contesting the energy transition may be futile, there are still those who find such a view meaningful, especially in light of certain global political developments. That’s why it is important to give the floor to some of the transition leaders and let them testify that an energy revolution is indeed underway in the region.

The panel’s moderator Mirza Kušljugić – professor, energy expert, and one of the founders of Bosnia and Herzegovina’s Centre for Sustainable Energy Transition Centre (RESET) – goes one step further to show that change is not only happening but also accelerating.

“The key words are a new energy paradigm driven by the four Ds – decarbonization, digitalization, decentralization, and democratization. But now we also have another D: disruption, or radical change in the industry and market caused by technological innovation. Of course, we must focus the discussion – from global processes (China, the US, the EU, the Global South) to where the region stands in all of this,” Kušljugić points out, providing a perfect introduction to the panel.

Turković: It’s more important than ever to have open discussions about real solutions

Aleš Prešern, Vice President and Head of Southeast Europe at Siemens Energy, has worked in the energy sector for more than 20 years. He recalls that digitalization is key, along with grid resilience and electricity transmission.

With nearly 100,000 employees in more than 90 countries, Siemens Energy develops the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in the company’s research departments and factories drive the energy transition and provide the base for one sixth of the world’s electricity generation.

As a leader in renewable energy development, CWP is actively working on several large-scale projects across the SEE region with a total capacity exceeding 7 GW, positioning the company at the forefront of the region’s energy transition. Given its global expertise and insights into the regional energy market, CWP’s contribution to this year’s conference will be invaluable.

Maja Turković, Executive Vice President of CWP Europe, says that BEF 2025 is a key gathering of leading experts driving the energy transition in Southeast Europe.

“As this shift gains momentum, it’s more important than ever to have open, action-driven discussions about real solutions to the challenges and opportunities ahead,” says Turković.

PPAs as a key to renewable energy growth in SEE

  • Nikola Gazdov, Chairman, Association for production, storage and trading of electricity – APSTE
  • Natalija Ljubić, Manager PPA & BESS Transactions, Pexapark
  • Ivana Đurović, Category Manager Renewable Energy, Knauf Group

Power Purchase Agreements (PPAs) are, like flexibility, a tool for fixing the imperfections of renewable energy sources, and they are recognized as a key mechanism within the new electricity market design. They ensure price stability, attract new investment, and accelerate the decarbonization of industry.

Is the region ready for PPAs? What are the dominant models? What is the current market practice? How are PPAs viewed by financial institutions? What do they offer to end consumers and what to investors in new power plants? Answers to these questions will be sought at the panel moderated by Mislav Slade-Šilović, Energy, Utilities & Resources Consulting Leader for Southeast Europe and member of the core PPA team at consultancy PwC.

Experience with PPAs for more than 500 GWh of electricity

Slade-Šilović’s experience in concluding PPAs for the production and consumption of over 500 GWh of electricity per year in the SEE region will certainly be of help.

Nikola Gazdov, Chairman of Bulgaria’s association for electricity production, storage, and trading (APSTE) and member of the Board of Directors of the European solar industry association SolarPower Europe, has no shortage of experience either. As CEO of three companies – Enery Element GmbH, Element Power Group, and Renergy – he is involved in the development of a large number of projects.

Pexapark, a company that provides logistics to businesses in the renewable energy market, is synonymous with PPAs in Europe. Natalija Ljubić is the Manager for PPA and BESS Transactions at Pexapark, which has helped conclude contracts for facilities with a combined capacity exceeding 35 GW.

The views of electricity buyers – without whom there would be no PPAs – will be conveyed by Ivana Đurović, Category Manager for Renewable Energy at Knauf Group.

Market flexibility: the backbone of a resilient energy system

  • Roman Bernard, CEO, NGEN
  • Luka Renko, COO, KOER
  • Alteo Group representative
  • Nikolaj Candellari, Project Manager and Market Intelligence, CyberGrid
  • Marko Zarić, EMS

Moderating the panel will be Elena Boškov Kovač, co-founder and CEO of Blueprint Energy Solutions, and a leading voice on market flexibility in Europe.

She will host representatives of the sector’s leading companies: NGEN, Alteo, KOER, CyberGrid, as well as Serbia’s transmission system operator Elektromreža Srbije (EMS).

“Excited to moderate a high-impact panel on ‘Market Flexibility: The Backbone of a Resilient Energy System’ at the Belgrade Energy Forum 2025,” says Boškov Kovač, whose work has shaped smart grid strategies and digitalization innovation agendas across the EU and under ETIP SNET.

As Europe accelerates its shift to renewables, market flexibility is emerging as the cornerstone of reliable, affordable, and decarbonized energy systems. With the European flexibility market promising to unlock over EUR 20 billion in savings, this session will explore how digital tools, flexible assets, and new market designs are unlocking value and resilience across the grid.

Slovenia’s NGEN is the technology sponsor of BEF 2025

Slovenian energy company NGEN, the technology sponsor of the conference, has managed to establish itself as a significant player in European markets in just five years of operation and is now ready to enter the Western Balkans’ markets.

Specializing in premium battery storage systems and smart energy solutions, the company is developing systems with a total capacity of 1.6 GWh in European countries. Its founder, Roman Bernard, will be speaking at the panel.

Also taking part in the panel will be Luka Renko, COO of KOER, a pioneer in virtual power plants in the region.

Rounding off the lineup of exceptional panelists will be Nikolaj Candellari, who is responsible for project management at CyberGrid. The software company was acquired a few years ago by Austria’s EVN, one of the first to demonstrate that greater integration of renewable energy sources, battery storage, and prosumers is not possible without digitalization and software solutions.

In a nutshell, this innovative company stands for the digitalization of the energy sector, with a focus on virtual power plants.

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Montenegro’s EPCG to launch public call for 300 MWh of batteries

Montenegro’s state-owned power utility, Elektroprivreda Crne Gore (EPCG), intends to invite bids by the end of the year for the installation of battery energy storage systems.

President of EPCG’s Board of Directors Milutin Đukanović has said that the company’s business philosophy is based on three principles – production at the point of consumption, use of hydropower for the integration of solar energy, and energy storage.

Speaking at a conference on regional power companies and their plans for the future, organized by Energija Balkana, Đukanović highlighted batteries as one of the key enablers of the green transition.

“By the end of year, EPCG will announce a public call for the procurement of battery energy storage systems (BESS) with a capacity of 300 MWh,” he said, according to EPCG.

EPCG plans to finish two more large-scale projects by the end of 2026

EPCG also plans to complete two large-scale projects by the end of 2026 – the construction of the Gvozd wind power plant and the installation of the A8 unit in the Perućica hydropower plant, according to him. About a month ago, the company held a groundbreaking ceremony for Gvozd, and in September it secured a loan for a new unit at HPP Perućica.

Energy Minister Saša Mujović recently said that a feasibility study was underway for electricity storage projects. The planned locations are at HPP Perućica, the former Željezara Nikšić steel plant, and the Pljevlja coal mine. These locations have available capacity for grid connections.

In September, EPCG said that it had started preparations to install batteries.

EPCG intends to install lithium-ion batteries

The Board of Directors has adopted a project task proposal and announced the launch of a public call for a feasibility study and project design.

The company plans to secure the flexibility of the power system by developing storage systems based on lithium-ion batteries, EPCG said.

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Alcazar Energy, EPCG open talks on PPA for Montenegro’s biggest wind farm

Renewable energy investor Alcazar Energy Partners has signed a memorandum of understanding with Montenegrin state power utility Elektroprivreda Crne Gore (EPCG), initiating negotiations on a power purchase agreement (PPA) for electricity that will be produced by Alcazar’s future 118.8 MW Bijela wind farm.

Alcazar Energy acquired the rights to the Bijela wind farm project in September 2023. A year later, it signed a contract for the construction of infrastructure for connecting the facility to the grid.

A key component of the government’s 2040 National Development Strategy, Bijela will support Montenegro’s commitment to reducing greenhouse gas emissions, Alcazar said in a press release. The largest wind farm in Montenegro will provide clean energy to more than 16,000 households while preventing the release of up to 230,000 tons of CO2 annually, according to the statement.

The wind farm will provide green energy to more than 16,000 homes

The development of Bijela, backed by the European Bank of Reconstruction and Development (EBRD), will support Alcazar’s strategic expansion in the Western Balkans and it target of developing 1GW of renewable energy in the region, according to the statement.

“This partnership is continued evidence of our commitment to developing the largest renewable energy platform in the Western Balkans,” said Daniel Calderon, Co-Founder and Managing Partner of Alcazar Energy Partners.

The Bijela project supports Alcazar’s ambition to develop 1 GW of renewables in the Western Balkans

Ivan Bulatović, the executive director of EPCG, described the memorandum of understanding as “a crucial step in strengthening Montenegro’s energy stability.”

“Cooperation with renowned international partners, such as Alcazar Energy Partners, not only enables the modernization of the sector but also accelerates the transition to cleaner and more sustainable energy sources,” he added.

Alcazar Energy Partners is an independent sustainable investment manager with a strong track record in developing utility-scale renewable energy projects in emerging and growth markets since 2014, reads the press release.

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Qair signs grid connection agreement for solar project in Montenegro

Montenegro’s transmission system operator CGES and Qair Montenegro signed a contract for the connection of a 50 MW solar power plant.

An agreement on the construction of infrastructure for the Rudine photovoltaic project was signed by Ivan Asanović, CEO of CGES, and Stefan Klikovac, a representative of Qair Montenegro.

The EUR 40 million Rudine solar power plant will significantly contribute to the increase of the clean energy production and reduce harmful emissions, CGES said.

CGES has so far signed six contracts for the connection of solar and wind projects.

It is expected the project to be online until the end of 2028

Back in September 2024, France-based Qair and Montenegrin state-owned power utility Elektroprivreda Crne Gore (EPCG) signed a memorandum of understanding to enhance the pace of renewable energy project development in Montenegro.

Right after signing a cooperation agreement with Montenegro’s state-owned power utility Elektroprivreda Crne Gore (EPCG), Qair requested from the Environmental Protection Agency (EPA) to determine whether an environmental impact assessment (EIA) is necessary for its Rudine facility.

CGES now said the solar power plant is expected to become operational by the end of 2028, when it would be connected to the transmission system. The connection point is the Vilusi substation.

Qair operates power plants with a capacity of 1,000 MW

Qair Montenegro is part of the Qair company, which has production capacities with an installed capacity of 1,000 MW. The French company has a portfolio with a total planned capacity of 34 GW across 20 countries in Europe, Latin America, and Africa, according to CGES.

On the occasion of the MoU signing with EPCG, CEO of Qair Louis Blanchard said the company is pleased to establish a partnership with EPCG, stressing it is a significant event for Qair in the Montenegrin market.

The signing of the contract with CGES was attended by Aleksa Knežević, head of the CGES CEO office, and investor representatives Magdalena Kolanowska, Krzysztof Wajtysiak and Miloš Jovanović.

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Montenegro’s EPCG discussed BESS project with companies from US, China, Japan, region

Elektroprivreda Crne Gore, owned by the Government of Montenegro, has held discussions with several companies and financiers from the region, Europe, and the world about its project for battery energy storage systems.

Elektroprivreda Crne Gore (EPCG) said in September that it started the preparations to install battery energy storage systems (BESS).

After the Board of Directors of EPCG adopted a project task proposal and initiated a procedure for the preparation of a feasibility study and project design, the first phase of the procurement is already underway, according to the company’s Elektroprivreda magazine. The tender includes battery systems with a capacity of up to 120 MWh per location, it revealed.

A study is under development with elements of a feasibility study, addressing specific technical characteristics, according to Zoran Miljanić, a member of the Board of Directors. He added that the company extensively scanned available market options.

More than 20 meetings were held

In his words, more than 20 meetings were held with various interested parties. They were BESS manufacturers, battery integrators, financiers, co-investors, and institutions offering technical assistance.

Representatives of companies from the United States, France, China, Japan, Bosnia and Herzegovina and Montenegro participated in the discussions, he stressed. The meetings helped EPCG understand the issues related to the technical characteristics of batteries on the market, the availability of equipment, and the speed of delivery.

The aim is to choose the optimal solution for the company, Miljanić underlined.

The locations foreseen in the project task are hydropower plant Perućica, EPCG Željezara Nikšić, and thermal power plant Pljevlja. The plan is also to install a 5 MWh battery near the 5 MW Kapino Polje solar power plant, for which a project is under development.

Three locations are being considered

The locations were chosen because of free space for solar panels and the connections to the transmission network, which makes it easier and faster to install the batteries.

Miljanić emphasized that changes are possible after the study is finished but that the said options are primary.

In his words, in the first phase of development of the BESS technology, integrating batteries with photovoltaic plants seemed like a good model to balance their variable production.

However, amid the accelerated development of PCS (Power Conversion System), BMS (Battery Management System), and EMS (Energy Management System) solutions, battery projects are planned as independent and in different sizes – from residential to power distribution to industrial and large systems – connected to the transmission grid and with a capacity measured in the gigawatt-hour range.