Bar-Boljare highway

The Bar-Boljare highway is Montenegro's leg of a larger highway that will run along its Adriatic coast to the Serbian capital, Belgrade. According to Montenegrin authorities, the first phase of the Matesevo-Boljare should be open by the end of 2021. China Road and Bridge Corporation is building this phase of road, and 85 per cent of this first project is being paid by a nearly 944-million-US-dollar loan from China’s Export-Import Bank. Among the main concerns is the financing of the other phases of the highway, loan repayment, environmental damage etc.

Montenegro

Pljevlja I power plant upgrades

ivan.angelovski — Wed, 15 Dec 2021 07:47:54 +0000

Pljevlja I power plant upgrades

Date

2019

ivan.angelovski Wed, 12/15/2021 - 08:47

Value

54427700 EUR

Status

Stalled

Chinese partners

Dongfang Electric Corporation

Local partners

Deadlines

Transparency

Project description

On November 2019, Montenegro’s power utility EPCG anounced they gave a 54-million-euro job to a consortium led by China’s Dongfang Electric International Corporation to refurbish the country’s only coal-fired power plant in Pljevlja and reduce its emissions in line with European Union standards. The Chinese company, which is part of Dongfang Electric Corporation Ltd., will carry out the project that is due to be completed in 2023. The Dongfang-led consortium also includes Montenegrin companies Bemax, BB Solar and Permonte. Blazo Djukanovic, the son of Montenegrin President Milo Djukanovic, has a 50 per-cent-share in BB Solar. The main concern is the cost-effectiveness of the project.

Montenegro