Focus on Energy, 2010 - Karanovic & Nikolic

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72FOCUS ON ENERGYSMALLER HYDRO POWER PLANTS (UP TO 10 MW)In September 2009, the Montenegrin Ministry of the Economy announced a public tender for the prequalificationof bidders for concessions regarding the construction of small hydro power plants. Qualifiedbidders are obliged to submit their bids by the 25 March this year. According to the Ministry ofEconomy, the signing of the concession agreements is expected to occur between June and Septemberof 2010. The total value of the investment required is estimated to be somewhere in the region of EUR60 million.Further similar concession procedures are expected in the second half of this year and they will be announcedby the Ministry of Economy.Coal and TPP ProjectsMAOČEThe Government has started the concession procedure for the mining of coal in the Maoče basin. Thesuccessful bidder will be required to construct a TPP at that same location. It is planned that any suchTPP will have an estimated power capacity of 500 MW. The deadline for the submission of applicationsfor the pre-qualification tender is 10 May 2010.According to the Ministry of Economy, the estimated value of the initial investment required to constructthe power plant will be somewhere in the region of EUR 743 million and the investment required
to open and commence the operation of the new coal mine will cost approximately of EUR 530 millionto get it up and running.Wind EnergyMOŽURA I KRNOVOThe Government has announced a public tender for the submission of bids for the construction of windfarms and the lease of state owned land in Možura which is located in the municipality of Ulcinj and inKrnovo which is located in the Municipality of Nikšić.It is estimated that the wind farms in the Možura region will generate up to 46 MW. The wind farm inKrnovo is projected to generate up to 50 MW. Land for the construction of these will be leased to successfulbidders by the state of Montenegro for a period of 20 years. The deadline for the submission ofbids was 24 February 2010.Agreement between Montenegro and ItalyThe Ministry of Economy and the Italian Ministry of Economic Development have signed a memorandumof understanding with regard to the development of the energy sector in both their respectivecountries. The memorandum will serve as the basis for the cooperation between the two in the field ofelectricity, natural gas and oil. There will be a particular focus on the development of electricity transmissioncapacities, renewable sources of energy and the improvement of energy efficiency.73The memorandum establishes a “Joint Commission” which is composed of both Montenegrin and Italianrepresentatives and this will help promote the implementation of the aims of the memorandum.This memorandum is especially relevant regarding the proposed construction of an electricity cableinterconnection between Italy and Montenegro which involves the construction of a cable across theAdriatic Sea. This commenced in 2007 when the Montenegrin EPCG and “Terna - Rete Elettrica NazionaleSpA” (“TERNA”), a major Italian energy transmission grid operator, entered into an agreement onthe preparation of a feasibility study. Pursuant to Ministry of Economy, the value of the investment hasbeen estimated to be in the region of EUR 600 million which is to be invested by TERNA. Apart from theItalian investment, “Prenos a.d.”, company which is currently operating the Montenegrin transmissiongrid, undertook to invest EUR 90 million for the further development and modernization of the Montenegrintransmission grid. According to the Ministry of Economy, It is expected that the project will becompleted by 2013.FOCUS ON ENERGYFuture ProjectsApart from the above mentioned projects, the Montenegrin Energy Development Strategy for 2025(the “Energy Strategy”) also proposes the following energy projects. To date, none of these have beencommenced. ityof 552 MW and an average annual production of 1,332 GWh. This system will consist of the HPP “Buk Bijela” and the HPP “Srbinje”. The combined potential capacityprojected by the Energy Strategy is estimated to be in the region of 552 MW and it is projectedthat it will have an average annual production of 1,350 GWh. However, due to environmental issuesthere is a possibility that this project may never get the green light. river Tara. It will have an estimated power capacity of 250 MW and an average annual productionof 533 GWh. -
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CONTENTSINTRODUCTION ..............
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INTRODUCTION TO SOUTH EASTEUROPEAN
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the adhering parties, thus allowing
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Slovenia in 2007. In the same year,
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egulations and articles transposing
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energy sector in Macedonia. One is
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distribution system operator perfor
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certain plans and programs relating
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SERBIAN ENERGY POLICYThe foundation
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in the Kolubara and Kostolac basins
Page 23 and 24: annual figure of 6,100 million m3)
Page 25 and 26: District Heating SystemThe Serbian
Page 27 and 28: tion of energy facilities. Through
Page 29 and 30: Private SectorGiven that the libera
Page 31 and 32: FABRIKA MAZIVA A.D. KRUSEVAC“FAM
Page 33 and 34: of investment in the RES, including
Page 35 and 36: 33FOCUS ON ENERGYconstructed, says
Page 37 and 38: the regulations regarding the energ
Page 39 and 40: 4. Not be insolvent or in a process
Page 41 and 42: tion and supply of electricity. It
Page 43 and 44: MACEDONIAMakedonija/Македон
Page 45 and 46: CURRENT PROJECTSIt has been 22 year
Page 47 and 48: Natural GasDEVELOPMENT PRIORITIESTh
Page 49 and 50: Renewable EnergyIn Macedonia, appro
Page 51 and 52: ENERGY AGENCYThe Energy Agency was
Page 53 and 54: Besides the regulation of the elect
Page 55 and 56: GAS ENERGY ACTIVITIESOIL ENERGY ACT
Page 57 and 58: NEWS ARTICLEMACEDONIANGOVERNMENTDRA
Page 59 and 60: BiH fully satisfies its demands for
Page 61 and 62: domestic source of natural gas, sup
Page 63 and 64: of BIH (“SERC”), the independen
Page 65 and 66: non-eligible customers;In the natur
Page 67 and 68: “Sarajevo gas a.d” is a gas sup
Page 69 and 70: NEWS ARTICLEREPUBLIKASRPSKA ISBUILD
Page 71 and 72: MONTENEGRIN ENERGY SECTOR - OVERVIE
Page 73: that could be achieved if the total
Page 77 and 78: operation and functioning of grids;
Page 79 and 80: REGULATORY FRAMEWORKIntroduction -
Page 81 and 82: 79The status of the Qualified Produ
Page 83 and 84: Karanovic & Nikolic is a leading co
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