Montenegrin Investment Promotion Agency - MIPA

1. South East European Business Forum - Energy potential of Montenegro Montenegrin Investment Promotion Agency - MIPA Istanbul, November 2012

2. South East European Business Forum - Energy potential of Montenegro • Legislation/Strategies • Energy sources • Transmission line • Role of MIPA

3. Legislation/Strategies • Energy Efficency Law • Energy Law • Concession Law • Energy Development Strategy of Montenegro (2025. year) – Action plan

4. Energy sources Hydro Potential • Total  theoretical  hydro-­potential  of  Montenegro,  as  given  in  the  Water  Management   Plan  of  Montenegro,  is  ~10  TWh,  17  %  used. • HPPs  Moraca • Technical  characteristics: • 4  HPPs,  total  installed  power  242  MW • Annual  production  620-­720  GWh   • Investment:  540  M

5. Energy sources • Wind Power • Solar Power • Biomas Power

6. Energy sources Thermo Power • Construction of the second unit of Thermo Power Plant “Pljevlja” (225 MW) • Open pit mine “Maoce”

7. Transmission line Interconnection Lines and Transmission Lines in Montenegro • Line 400 kV Podgorica – Tirana was finished in 2011 • Overhead line 400 kV Montenegrin Coast – Pljevlja • Substation on the cost • Interconnection lines to Serbia and BiH • Investment 90 M EUR

8. Transmission line Undersea Interconnection Line Italy -Montenegro • 375 km of undersea cable • 1000 MW capacity • Project Developed in cooperation with TERNA (Italy) and CGES – November 2010 • Start of operation – 2015 • Investment 700 M EUR

9. Role of MIPA MIPA was set up in 2005 to promote foreign investments and facilitate economic development in Montenegro. • To assist foreign investors • To remove red tapes • To calculate foreign direct investments

10. Web site: www.mipa.me E-mail: blagota.radulovic@mipa.co.me

11. Thank You!