Short description of the overall project

The EBRD is increasing its support in response to the economic impact of the coronavirus pandemic in Montenegro with a €50 million senior loan for Elektroprivreda Crne Gore (EPCG), the country’s main electricity provider.

The financial package, approved under the EBRD’s coronavirus Solidarity Package, will support the company in absorbing the challenges presented by the Covid-19 crisis.

Short description of activities financed by the donation

The loan will help ensure the stability and resilience of the country’s energy provision while simultaneously protecting the achievements made by the Montenegrin energy sector in its ambitious clean growth and decarbonisation agenda.