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PM Marković meets representatives of German WPD: Great development opportunities in field of renewable energy sources

PM Marković meets representatives of German WPD: Great development opportunities in field of renewable energy sources
Published date 11.02.2019 12:32 | Author PR Service

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PR Service PR Service

Podgorica, Montenegro (11 February 2019) -- Energy sector in Montenegro has great development potential, especially in the field of renewable energy sources, Prime Minister Duško Marković and representatives of the German WPD Group underscored at today's meeting in Podgorica.

Pointing to encouraging economic indicators and achievements of the Government's economic policy, Prime Minister Marković said that, through attracting credible foreign investments, Montenegro wants to make the best use of its energy potential, stressing as valuable the interest of the WPD, a group that is dominantly focused on the development and financing of wind power plants.

The meeting noted that the entire Montenegrin hinterland has the potential to build wind power plants, and that the Government will work towards identifying locations and creating opportunities for development.

"Montenegro is becoming a regional energy hub," the Prime Minister said, adding that the Government has imposed a moratorium on the policy of subsidising electricity from renewable sources.

CEO of WPD for Europe said that they want to invest in Montenegro and that they have the knowledge and capabilities since they installed around 4,500 megawatts of wind turbines all over Europe. He pointed out the benefits of wind energy utilisation with regard to technological innovations in that area and lowering the cost of production of such energy.

Prime Minister Marković also stated that Montenegro wants to develop an overall strategic partnership with Germany, both at political and economic levels. German Ambassador to Montenegro Robert Weber, who also attended the meeting, agreed with the Prime Minister's commitment.

OFFICE OF THE PRIME MINISTER