Hydropower Plants on the River Moraca

completed

The project provides advisory services to the Government of Montenegro in mobilizing private sector participation for development of hydropower plants on the River Moraca. Objectives are to: 1) generate an additional 700 gigawatt hours of energy, significantly reducing imports and improving the country's energy balance; 2) improve management of intra-day balancing of electricity production; 3) promote fiscal improvements via a decrease in imports as well as generation of new tax revenue; 4) reduce the frequency of extreme flood and drought in the Moraca river lower basin; and 5) increase employment (particularly in the construction sector) and create opportunities for local economic growth, including SME development.