Region: Europe and Central Asia
Montenegro has a number of good opportunities for the development of domestic resources for electricity generation. In the Government’s Energy Strategy and Action Plan, it has set out a programme for development that encompasses a range of projects from large-scale hydro and thermal projects to smaller scale renewable energy projects. This programme calls for significant participation by the private sector in generation investment over the coming decade and beyond. The programme is intended to meet a number of objectives, important among which are included meeting international obligations regarding renewable energy utilisation and reducing the reliance of the country on relatively high cost imported power.
Public-Private Partnership (PPP) options for future power generation in Montenegro (English). Washington, D.C. : World Bank Group.
Updated: June 16, 2022