A realistic expectation that Nikšić will generate income from the exploitation of Bileć Lake

the key topics of discussion related to the exchange of experiences regarding development plans and ongoing activities.

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From the meeting, Photo: EPCG
From the meeting, Photo: EPCG
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

It is a realistic expectation that, given that part of Bileć Lake is located in the territory of Nikšić, that municipality will generate income based on exploitation, and in cooperation with the Government of Montenegro, an adequate model for this needs to be found.

This was announced at a meeting of the management of the Electric Power Company of Montenegro (EPCG) and representatives of the Power Company of the Republic of Srpska (ERS).

"The interlocutors maintain that it is a realistic expectation that, taking into account the fact that part of the Bileć Lake is located on the territory of Nikšić, this municipality will generate income based on exploitation, with the fact that, in cooperation with the Government of Montenegro, it is necessary to find an adequate model for such something", says the EPCG announcement.

As stated, the key topics of the conversation were related to the exchange of experiences in terms of development plans and current activities.

"The interlocutors agree on the assessment that both energy sectors face similar challenges: on the one hand, the necessity of dealing with the effects of the global energy crisis, and on the other, the obligation to tackle the need to carry out an energy transition against the backdrop of the use of renewable energy sources ", the announcement states.

It is added that EPCG's experience with the Solari 3000+ and 500+ project, i.e. the plans for the upcoming Solari 5000+ (70 MW) seemed particularly interesting to ERS representatives, since, like EPCG, they prefer the "Produce where you consume" approach. .

The press release states that the meeting also discussed issues of potential mutual interest - Lake Bilećko and the Hydroelectric Power Plant (HP) "Kruševo" and HPP "Boka" projects.

The EPCG stated that they discussed the possibilities of joint action, with special emphasis on the need to harmonize the current regulations with the needs of improving the energy sector, as the backbone of the economic development of all countries in the region.

EPCG added that the meeting also discussed the situation in the field of electricity trade, where, as they assessed, there is a huge scope for improving cooperation.

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