Stronger cooperation between the electric power companies of Serbia and Montenegro

, News Serbia Energy

Electric power companies of Serbia and Montenegro will start stronger cooperation, which is extremely important for energy stability and security of both countries and the entire region, said Milorad Grčić, senior. d. Director of “Electric Power Industry of Serbia” and Milutin Djukanovic, President of the Board of Directors of “Electric Power Industry of Montenegro” at a meeting in Belgrade.

– This is important for the future stability of production and supply of electricity in both countries, especially having in mind the energy crisis that is shaking Europe and the whole world. Respecting the policy of Aleksandar Vučić, the President of Serbia and the economic connection of the countries in the region, the strengthening of cooperation can give positive results. The project of the Komarnica hydroelectric power plant, designed in 1972, which was started from the deadlock two and a half years ago by an agreement between EPCG and EPS, is of exceptional importance. So far, a large part of the work on the study and conceptual design has been done – said Grčić.

According to Grcic, the hydroelectric power plant “Komarnica” on the territory of Montenegro should have an installed capacity of 155 megawatts, the expected value of the investment is around 265 million euros, of which 51 percent would be financed by EPCG, and 49 percent by EPS.

– The beginning of the realization is possible, realistic and very close – Grčić pointed out and added that “Komarnica” fits in with the desire to increase the capacities for the production of green energy, while preserving the thermal sector.

The President of the Board of Directors of EPCG, Milutin Đukanović, said that energy has no borders and that all projects that are of common interest should be realized as soon as possible.

– We are witnessing an accelerated energy transition and that we have energy prices that cause concern. Closing oneself would be very disastrous. I am convinced that these leaders of EPCG and EPS will not only start, but also succeed in significantly implementing the project of HPP “Komarnica” – said Djukanovic.

He added that they are moving towards making the electric power industry the locomotive of the development of the whole of Montenegro.

– That belief is strengthened by the cooperation with the giant in the region, such as the Electric Power Industry of Serbia. We also have excellent cooperation with Elektroprivreda Republike Srpske. EPCG also plans to build the Krusevo hydropower plant, and the Republika Srpska is discussing the joint construction of the Sutorina / Boka hydropower plant. We are erasing boundaries with our projects. We are convinced that the idea of ​​an open Balkans will come to life first through the field of energy – Djukanovic emphasized.

The President of the Board of Directors of EPCG invited c. d. Director of PE EPS to visit EPCG in order to be even more active in other projects that will contribute to the development of relations between the two power companies, as well as the state of Serbia and Montenegro.

The meeting was also attended by representatives of EPCG, Vladimir Markovic, Executive Director for Strategic Projects Development of PE EPS, Dragan Vlaisavljevic, Executive Director for Energy Trade, Savo Bezmarevic, Executive Director for Energy Production, Igor Smiljkovic, Director of the Sector for Key Investment Projects and Aleksandar Jakovljevic. Director of the Strategy Sector of PE EPS.