Development of renewable energy sources discussed

Podgorica, (MINA-BUSINESS) – Representatives of the University of Montenegro (UCG) and Elektroprivreda (EPCG) have met to discuss the cooperation on joint projects focusing on the development of renewable energy sources.

Rector of the University Vladimir Bozovic said at the meeting, attended by Professor Novak Jaukovic of the Faculty of Mechanical Engineering and Chairman of the EPCG Board of Directors Milutin Djukanovic, that they had a reliable partner in the electric power company.

“The University has a reliable partner in EPCG, an institution that is at a forefront of support, openness, and willingness to cooperate for the benefit of the community. Therefore, we will support the development of EPCG’s innovative projects, especially in the field of renewable energy sources,” said Bozovic.

At the meeting, concrete models of potential collaboration were presented, which could involve the cooperation between EPCG, the Ironworks, and the University in the development and manufacturing of 10 kW wind turbines.

Djukanovic said that the cooperation between two strong institutions like the University and EPCG was strategically important for the economic development of Montenegro.

“EPCG has two business philosophies. The first one is ‘produce where you consume’, which, in the long run, translates to free energy as it allows the consumer to meet their energy needs through local power generation. The second business philosophy is to utilize the hydropower infrastructure for integrating larger solar power plants. This compatibility between solar and water has the potential to expedite the energy sector’s development in Montenegro,” said Djukanovic.

It was concluded at the meeting that a joint commission should be established to review projects the University would propose to Elektroprivreda.