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Montenegro

2011 was in terms of hydrology a poor year for the Montenegrin state power utility EPCG. This resulted in higher imports, organised through monthly tenders. EPCG remains the Group’s sole client in Montenegro, as there is still no functioning electricity market in the country. The regulatory framework and the relevant by-laws needed to set up a market are still pending, despite the new energy law being passed in 2010. A positive development though has been the opening of a new transmission line towards Albania. The project was financed by the German development bank KWF and increases the relevance of Montenegro to both the Albanian and Greek electricity markets.

Population: 672,180
GDP (PPP*): $6.83 billion
GDP per capita (PPP*): $10,100
Area: 13,812 sq KM
Market: Non-liquid

 

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