The inaugural panel discussion at the EPCG NET 2024 symposium, organized by the Montenegrin Power Utility in collaboration with the Energy Association in Budva, delved into the crucial topic of enhancing the investment environment in Montenegro’s energy sector. Here are the key takeaways:
EU Ambassador to Montenegro, Oana Cristina Popa, underscored the significance of integrating the region into the EU single market as part of the Growth Plan, emphasizing the pivotal role of the accession process.
Minister of Energy and Mining in Montenegro, Saša Mujović, acknowledged that while the investment climate in Montenegro is satisfactory, there’s room for improvement. Delays in crucial document adoption, such as the National Energy and Climate Plan, pose challenges for future energy initiatives.
Assistant Minister of Energy and Mining of Serbia, Jovana Joksimović, highlighted the importance of establishing an institutional framework and providing strategic guidance to facilitate a successful green transition, underscoring the need for adaptability to market demands.
Minister of Energy and Mining of Republika Srpska, Petar Đokić, emphasized the completion of essential legislation in his region, signaling openness to investments. He noted challenges related to accessing European financial institutions, despite significant investment interest in Republika Srpska’s energy sector.
Overall, the panel stressed the importance of collaborative efforts, institutional stability, and regulatory frameworks to attract investments and drive forward the energy transition agenda in the region.
