What is the energy industry in Montenegro?

The country has a small oil and gas sector, with most of its energy needs being met through imports. The main players in the oil and energy industry in Montenegro are the state-owned utility company, Elektroprivreda Crne Gore (EPCG), and the national oil company, Montenegro Bonus.

What makes Montenegro a great company?

Leader in the economic development of Montenegro, competitiveness at the European market and active participation in new market challenges through investment in people, green energy, new technologies and capacities, maintenance and optimum use of resources and digital transformation of companie.

Where is electricity produced in Montenegro?

The majority of electricity in Montenegro is primarily produced at the Pljevlja coal-fired Thermal Power Plant and the Perucica and Piva Hydropower Plants\. The core activities of the majority state-owned Electrical Power Company of Montenegro (EPCG) are electricity generation, transmission, distribution, and supply.

Can Montenegro produce oil and gas?

Montenegro does not have the necessary technology or experience to produce oil or gas. Additionally, successful energy exploration must consider the environmental impact of operations, as coastal tourism is a significant contributor to the country's revenues.

What is the best prospect industry sector for Montenegro?

The energy sector is a best prospect industry sector for Montenegro. It includes a market overview and trade data. The energy sector of Montenegro is small, with only 396,000 customers and overall demand of approximately 3,500 gigawatt hours (GWh) annually.

Why does Montenegro have a 220 kW power plant?

Over the years, power has doubled to 220 kW. The power plant served to illuminate the Dvor, Zetski dom, the main street of the city and several houses of the more prominent Montenegrins. It has become the basis for the development of one of the most important economic entities in Montenegro, Elektroprivreda Crne Gore.