Project Description
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.