ENERGY SECTOR IN MONTENEGRO. 1. Overview of the Current Situation Montenegrin Investment Promotion...
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Transcript of ENERGY SECTOR IN MONTENEGRO. 1. Overview of the Current Situation Montenegrin Investment Promotion...
![Page 1: ENERGY SECTOR IN MONTENEGRO. 1. Overview of the Current Situation Montenegrin Investment Promotion Agency (MIPA)](https://reader035.fdocuments.in/reader035/viewer/2022062301/56649c935503460f9494fe41/html5/thumbnails/1.jpg)
ENERGY SECTOR IN MONTENEGRO
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1.Overview of the Current Situation
Montenegrin Investment Promotion Agency (MIPA)
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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.
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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;
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2.Hydro and Thermo Potential
Montenegrin Investment Promotion Agency (MIPA)
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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.
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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;
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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.
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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.
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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)
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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
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• 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.
New Potentials
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Production, Consumption and Balance of Electricity
-2000
-1000
0
1000
2000
3000
4000
5000
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Production Consumption Balance
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3.Oil and Gas Potential
Montenegrin Investment Promotion Agency (MIPA)
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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);
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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)
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Overview of the Investment Possibilities
New SourcesWind & Solar
Gas Exploitation
Thermo Plant
Small Hydro PlantsLarge Hydro
Plants
InvestmentOpportunities
InvestmentOpportunities