Montenegrin state-owned utility EPCG and French energy giant EDF have intensified discussions on potential joint energy investments, with a focus on transitioning from general cooperation to a more structured development partnership.
A recent meeting between senior representatives of both companies centered on the planned Kruševo hydropower project, which is emerging as the cornerstone of their collaboration. The discussions aimed to establish a clearer framework for cooperation and outline a concrete roadmap for the next phase of project development.
According to EPCG, the talks addressed a wide range of key issues needed to move the project forward. These included the regulatory environment, potential support mechanisms, preparation of technical and feasibility studies, further project development steps, and the basis for a future joint development agreement. Alongside HPP Krusevo, the two sides also explored additional opportunities in battery energy storage systems and renewable energy projects, aligning with EPCG’s broader investment strategy.
Both companies emphasized the importance of close coordination with public authorities and international financial institutions, noting that future progress will depend not only on corporate alignment but also on regulatory support and access to financing.
The meeting concluded with a mutual commitment to further develop the partnership model and accelerate practical steps toward implementation, as EPCG and EDF aim to build cooperation around several strategic energy initiatives in Montenegro.
