Podgorica, (MINA-BUSINESS) – It was concluded at a meeting between representatives of Elektroprivreda (EPCG), Coalmine (RUP), and the European Bank for Reconstruction and Development (EBRD) in Riga that investments in the energy transition and sustainable energy sources are crucial for the long-term development of the sector and for strengthening the competitiveness of the economy.

As part of the EBRD Business Forum in Riga, EPCG Executive Director Zdravko Dragas and RUP Executive Director Nemanja Lakovic met with EBRD representatives to discuss financing opportunities for projects focused on the green transition, modernization of the energy sector and sustainable development.

EPCG said in a press release that EBRD representatives were informed about the development plans of both EPCG and Coalmine, with particular emphasis on projects contributing to decarbonization, improved energy efficiency, diversification of generation capacities and strengthening Montenegro’s energy security. 

The meeting also addressed models of financial support and further enhancement of cooperation on projects of strategic importance for Montenegro’s energy sector.

The EBRD Business Forum, held under the slogan “Volatile to versatile – economies innovating in a changing world,” brings together policymakers, representatives of international financial institutions, companies and the investment community from many countries.

The participation of representatives of Montenegrin companies at the forum provided an opportunity to present the development plans of EPCG and Coalmine, as well as to strengthen partnerships with international financial institutions that play an important role in the implementation of energy and infrastructure projects in Montenegro.