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ENERGY SECTOR IN MONTENEGRO

ENERGY SECTOR IN MONTENEGRO. 1. Overview of the Current Situation. Montenegrin Investment Promotion Agency (MIPA). Electric Power Sector. EPCG – Electric Power Company of Montenegro; State Monopoly (67% state ownership - 33% private); New Energy Law adopted in 2003;

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ENERGY SECTOR IN MONTENEGRO

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  1. ENERGY SECTOR IN MONTENEGRO

  2. 1. Overview of the Current Situation Montenegrin Investment Promotion Agency (MIPA)

  3. Electric Power Sector • EPCG – Electric Power Company of Montenegro; • State Monopoly (67% state ownership - 33% private); • New Energy Law adopted in 2003; • Regulatory Agency established in January 2004; • EPCG functionally unbundled – January 2005; • Legal unbundling is taking place in the next period; • Treaty establishing the Energy Community in SEE (SEE REM) is signed; • Energy Sector Development Strategy is developed.

  4. Oil and Gas Sector • Jugopetrol Kotor – the largest petrol firm in Montenegro (54% owned by Hellenic Petroleum and 46% owned by Investment funds and citizens). Still, around 40% of the petrol-station are outside of Jugopetrol; • Import of oil derivates and gas is free (12 importers); • Regulatory Energy Agency established in 2004 is in charge for licenses, but not for final price of the oil derivates and gas; • Annual import of oil derivates is 350,000 t; • There is no infrastructure for gas distribution and therefore consumption of gas is minimal one; • There is no Petroleum Law;

  5. 2. Hydro and Thermo Potential Montenegrin Investment Promotion Agency (MIPA)

  6. Hydro Power Potential • Total hydropower potential 10 TWh; • Utilized at the moment - 17%; • Two large hydropower plants, installed capacity 649 MW, average annual generation 1.7 TWh; • 7 small hydropower plants, installed capacity 9,025 MW, average annual generation 21 GWh.

  7. Hydro Power Plants • Decisions on privatization is made; • Privatization Strategy of the EPCG will be completed by October 1st 2005; • Focus will be on providing framework for privatization of Distribution system and Production; • EPCG is functionally unbundled;

  8. Small Hydro Power Plants • EPCG Board of Directors made decision for 5 Small hydro plants to be privatized; • Necessary documents are being prepared, tender procedure is about to be announced; • Total installed capacity 2,71 MW; annual generation 5,5 GWh.

  9. Opportunities for New SHPP • There are 70 project designs for SHPPs (capacity – up to 10 MW), total installed capacity 231,005 MW and average annual generation 642,933 GWh. • There are project designs for 16 SHPPs with installed capacity up to 1 MW, 17 SHPPs with installed capacity from 1 to 2 MW, and 37 SHPPs with installed capacity over 2 MW.

  10. Large HPP projects • HPP “KOSTANICA” (544 MW 1332,1 GWh/y) • HPPs on Moraca River (Natural flow: 238,4 MW; 693,7 GWh/y,Water diversion: 357,6 MW; 1010 GWh/y • HPP “KOMARNICA” (168 MW; 231,3 GWh/y) • HPP “LJUTICA” (224 MW; 553,6 GWh/y)

  11. Thermo Power Potential • One thermal power plant, installed capacity 210 MW, average annual generation 1.07 TWh; • Gray lignite coal potential: In Pljevlja – estimated reserves 205 million t out of which proved exploitations reserves are about 110 million t In Berane (gray coal) – estimated reserves 38 million t out of which exploitations reserves are 17 million t

  12. New Potentials • Estimated reserves of gas in Block III are about 200 billion m3. Other two block are not estimated yet; • Solar energy; • Energy by Wind. Pilot project – Wind Plant at Vilusi (near NIksic). 500 kW. 1,25-1,80 GWh/god.

  13. Production, Consumption and Balance of Electricity

  14. 3. Oil and Gas Potential Montenegrin Investment Promotion Agency (MIPA)

  15. Is there a gas in Montenegro? • Off shore of Montenegro is divided in three blocks for exploration; • The State gave concession rights to Jugopetrol which for exploration are expiring latest by 2007; • Jugopetrol signed two joint ventures contracts with foreign partners; • There are possibilities for new international tenders for gas exploration and exploitation (including gas on the land);

  16. Large HPP projects • HPP “KOSTANICA” (544 MW 1332,1 GWh/y) • HPPs on Moraca River (Natural flow: 238,4 MW; 693,7 GWh/y,Water diversion: 357,6 MW; 1010 GWh/y • HPP “KOMARNICA” (168 MW; 231,3 GWh/y) • HPP “LJUTICA” (224 MW; 553,6 GWh/y)

  17. Overview of the Investment Possibilities Gas Exploitation Thermo Plant Investment Opportunities New Sources Wind & Solar Small Hydro Plants Large Hydro Plants

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