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 SectorJugopetrol 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;
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.
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 tIn Berane (gray coal) – estimated reserves 38 million t out of which exploitations reserves are 17 million t
12 New Potentials Solar energy; Energy by Wind. 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 Montenegrin Investment Promotion Agency (MIPA) 3.Oil and Gas PotentialMontenegrin 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);