power industries of Serbia and Montenegro are making first steps towards
stronger cooperation, which is of utmost importance for energy stability and
security of both countries and the entire region, said Milorad Grčić, acting
director of "Electric Power Industry of Serbia" and Milutin
Đukanović, President of the Board of Directors of "Electric Power Industry
of Montenegro" at the meeting in Belgrade.
This is important for future stability of electricity generation and supply in
both countries, particularly considering the energy crisis affecting Europe and
the rest of the world. Following the policy of the President of Serbia,
Aleksandar Vučić, and the economic integration of countries in the region,
cooperation strengthening can yield positive results. Komarnica HPP project, which
is of utmost importance, was designed in distant 1972, and finally set into
motion two and a half years ago by an agreement between EPCG and EPS. So far,
large part of the work related to the basic design and study preparation has
been done - Grčić said.
to Grčić, installed capacity of HPP Komarnica on the territory of Montenegro
should be 155 megawatts, and estimated value of the investment is approximately
EUR 265 million, of which 51 percent would be financed by EPCG, and 49
percent by EPS.
Beginning of the project realization is possible, real and very close - Grčić
pointed out and added that "Komarnica" has its own place considering
the need to increase green energy generation capacities, while preserving the
of the Board of Directors of EPCG, Milutin Đukanović, said that energy sector
has no boundaries and that every project that is of common interest should be
realized as soon as possible.
We are witnessing accelerated energy transition and energy prices are such that
should cause concern. It would not be very wise to rely only on our own
resources. I am convinced that EPCG and EPS leaders will not only start, but
also succeed in implementing the project of HPP "Komarnica" -
added that the aim is to make electric power industry driver of development of
the whole of Montenegro.
That belief is strengthened by the cooperation with the energy giant in the
region, such as Electric Power Industry of Serbia. We also have excellent
cooperation with Electric Power Industry of Republika Srpska. EPCG also plans the
construction of HPP Kruševo, and is discussing the joint construction of the
HPP Sutorina/Boka with Republika Srpska. Our projects help us erase borders. We
are convinced that the Open Balkan initiative will come to life primarily
through the energy sector - Đukanović emphasized.
of the Board of Directors of EPCG invited acting director of PE EPS to visit
EPCG so that other projects could be addressed that will contribute to the
development of relations between the two electric power industries, as well as
between Serbia and Montenegro.
with EPCG representatives was also attended by Vladimir Marković, Executive
Director for Strategic Projects Development of PE EPS, Dragan Vlaisavljević,
Executive Director for Energy Trading, Savo Bezmarević, Executive Director for
Energy Generation, Igor Smiljković, Director of the Key Investment Projects
Department and Aleksandar Jakovljević, Director of the Strategy Department of