Post - Articles

Montenegro’s EPCG looks for KfW loan to expand output at 307MW hydropower plant

  • 5 years ago (2020-03-04)
  • David Flin
Europe 1105 Hydropower 141

Montenegro’s power utility EPCG has announced that it will enter talks with the German state-owned development bank KfW to help fund expansion of the Pericica hydropower plant. Ivan Mrvaljevic, Development and Engineering Manager at EPCG, said that the plans include construction of a new 58.5MW turbine at the 307MW plant, at a total cost of €23 million.

IFBF (International Flow Battery Forum) 2025
More info

IFBF (International Flow Battery Forum) 2025

KfW is already helping EPCG overhaul three turbines at the Perucica plant as part of its ongoing €80 million Greening Public Infrastructure programme for Montenegro.

EPCG operates 649MW of installed hydropower capacity and 225MW of coal-fired power generation capacity. It plans to invest €700 million from 2020 to 2024, targeting mainly renewable energy sources, as Montenegro fosters closer ties with the European Union.