Komarnica is a 172MW hydro power project. It is planned on Komarnica river/basin in Savnik, Montenegro. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2022.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Hydropower 172 172 Permitting Savnik, Montenegro Elektroprivreda Crne Gore AD Niksic; Elektroprivreda Srbije


The project is being developed and currently owned by Elektroprivreda Crne Gore AD Niksic and Elektroprivreda Srbije. The company’s ownership stake in the project stands as 51% and 49% respectively.

The project is expected to generate 213 GWh of electricity. The project cost is expected to be around $254.407m.

The project has 2 electric generators that will be installed at the project site.

Development Status

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Post completion of the construction, the project is expected to get commissioned in 2022.

About Elektroprivreda Crne Gore AD Niksic

Elektroprivreda Crne Gore AD Niksic (Elektroprivreda) is an electric utility service provider that generates, transmits, distributes, and supplies electricity to its consumers across Montenegro. The utility operates hydro and thermal power generation plants. It offers customer services such as power generation and supplying, power outage services, checking bill, bill explanation, electricity pricing, payment options, reporting malfunction, new connection, and energy saving tips. Elektroprivreda also provides e-billing and meter installation services, among others. The utility offers construction and maintenance of electric power facilities. It offers its services to residential, commercial, and industrial customers across Montenegro. EPCG is headquartered in Niksic, Montenegro.

About Elektroprivreda Srbije

Elektroprivreda Srbije, or the Electric Power Industry of Serbia (EPS) is a government energy company in Serbia. The company generates, distributes and transmits electricity. EPS operates, thermal, hydro, gas and liquid fuel power plants with an installed capacity of 8,359 MW. EPS operates four open pit mines to extract coal along with the processing and transportation of coal. Furthermore, EPS offers services in the areas of steam and hot water production in combined heating processes. EPS is a vertically organized company, with 11 subsidiaries and three public enterprises which include eight companies for coal and electric power generation and six for electric power distribution. EPS is headquartered in Belgrade, Serbia.


All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.