Serbia and Montenegro: Energy sector MoU

, News Serbia Energy

A Memorandum of Understanding (MoU) on cooperation between Serbia and Montenegro in the fields of energy and mining was signed at the meeting of Serbian Minister of Energy and Mining Zorana Mihajlovic and Montenegrin Minister for Capital Investments Mladen Bojanic.

Minister Mihajlovic said that there were talks on cooperation in the high-voltage networks and the construction of the Trans-Balkan Corridor, a project which is ongoing in Serbia. The two officials also talked about new electricity generation capacities, namely the construction of hydropower plant Komarnica, for which the technical documentation is currently being prepared, and on finding ways to further improve cooperation in renewable energy. She added that there is much room for potential joint energy projects of Serbia and Montenegro. Minister Bojanic concluded that the two countries have similar experiences with renewable sources and there is a lot of room for the development of new projects. Montenegro is rich in sun and wind, and it intends to utilize that resources.

Following the change on Montenegrin political scene, in early 2021, local media reported that the first move of the new management of state-owned power utility EPCG could be the realization of the project for the construction of hydropower plant Komarnica, which will be given to Serbian power utility EPS. EPS has long been interested in the construction of HPP Komarnica, and the new management will refer to an alleged contract from the 1980s, which gives Serbia the right to build HPP Komarnica on the basis of research funding.