The Port of Bar has signed an MoU with LNG Alliance Pte Ltd, which is interested in investing in an LNG terminal and a gas-fired power plant with a capacity of at least 100 MW, said Ilija Pješčić, CEO of the company operating the port, Vijesti reported.

LNG Alliance builds terminals around the world under turnkey contracts.

EPCG signed an MoU with LNG Alliance in November 2021

Pješčić said that EPCG would be a partner on the project, adding that LNG Alliance itself is prepared to invest USD 200 million and employ between 70 and 100 people.

As recently as last month, the company’s vice-president for investment and development projects, Dhananjoy Kumar Das, met with Montenegrin Deputy Prime Minister and Minister of Capital Investments Ervin Ibrahimović.

The MoU signed with EPCG envisages a feasibility study and a study of environmental and social impacts of gas power plants near the city of Bar and the capital Podgorica that would help develop technical and commercial solutions.

EPCG plans the construction of three gas-fired power plants

EPCG said at the time that LNG Alliance would ensure the necessary conditions for investing in the power plants. Gas that would be used in electricity production would come from a terminal at the Port of Bar, which would be built by LNG Alliance, EPCG said in a statement at the time.

The Montenegrin power utility promptly invited bids in December to select a consultant to produce a study detailing technical solutions and a pre-feasibility study for gas-fired power plants near Bar, Podgorica, and Pljevlja. The construction of a gas power plant near Bar was also announced by the country’s former prime minister, Zdravko Krivokapić.

Be the first one to comment on this article.

Stay informed. In your Inbox once a week.

17 June 2022 - Montenegro's state-owned power utility EPCG said it completed the first transaction at Serbian power exchange SEEPEX

17 June 2022 - The arguments for both possible outcomes are strong, said Željko Lovrinčević, a senior research fellow at the Institute of Economics Zagreb

17 June 2022 - Power utility EPCG, which would be a partner on the project, has already initiated feasibility studies for three gas-fired power plants

17 June 2022 - The development of new markets in Balkan energy exchanges leads to better opportunities and lowers prices for consumers

Project is being implemented by a civil society organization Center for Promotion of Sustainable Development

Email: office[a]balkangreenenergynews.com

© CENTER FOR PROMOTION OF SUSTAINABLE DEVELOPMENT 2008-2020.