The Electric Power Company of Montenegro (EPCG) has officially taken over a feasibility study on the construction of gas-fired power plants in Montenegro, which has shown that electricity generation from liquefied petroleum gas is technically feasible and economically viable. As reported by Vijesti, the study analyzed the construction of facilities with capacities ranging from 50 to 400 megawatts at several potential locations—Bar, Podgorica, Pljevlja, and Nikšić.
EPCG told Vijesti that the further development of the project will primarily depend on securing a stable and long-term gas supply, as well as on decisions to be made in cooperation with the Government of Montenegro and the Ministry of Energy.
The feasibility study was prepared by the consulting firm SS&A Power Consultancy, and the estimated value of investments ranges between €233 million and €362 million, depending on the plant capacity and the gas supply model.
Following an open public tender and in accordance with the Tender Documentation dated December 30, 2021, SS&A Power Consultancy was selected by the Public Enterprise Electric Power Company of Montenegro (EPCG) to prepare a study on the development of technical solutions for the energy transition, as well as a preliminary feasibility study for gas-fired power plants combined with renewable energy sources.
At the end of December 2023, SS&A Power Consultancy announced that it would develop the study with the aim of putting EPCG on the path toward modernization of Montenegro’s power infrastructure, reducing CO₂ emissions, and achieving goals in line with EU standards and regulations on the decarbonization of electricity generation. In addition, the company stated that it would prepare a strategy for the operation of gas-fired thermal power plants, their integration with renewable energy sources, and define future solutions for carbon capture and storage (CCS).
“By preparing the study and selecting potential locations for gas-fired power plants with a projected total capacity of 400 MW, EPCG is working to find cleaner solutions, alongside planned strengthening of renewable energy capacities. The study is the first step and a necessary foundation for the realization of this plan,” said Milutin Đukanović, Chairman of the EPCG Board of Directors.
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JERA and the Government of Montenegro Sign Agreement on LNG Terminal and Gas Power Plant
As a reminder, the Government of Montenegro and the Japanese company JERA signed a memorandum at the Gastech 2025 fair in September 2025, envisaging the exploration of opportunities for the development of a liquefied natural gas (LNG) terminal and a related gas-fired power facility in the country.
In line with the Memorandum, JERA and the Government will conduct a comprehensive feasibility study covering the technical, commercial, and financial aspects of the LNG terminal and gas-fired power plant, as well as laying the groundwork for potential future agreements on project implementation.
Montenegro’s Minister of Energy and Mining, Admir Šahmanović, emphasized that cooperation with JERA, as a renowned global player, provides Montenegro with access to knowledge and advanced technologies necessary for the further development of the energy sector.
JERA’s Chief Global Strategist, Steve Winn, stated that the company is ready to support Montenegro in achieving its strategic goals through its experience in delivering complex international energy projects.
Energy Portal
