Montenegrin energy minister Sasa Mujovic meets POWERCHINA reps/Photo: Montenegrin energy ministry

March 19 (SeeNews) - The Power Construction Corporation of China (PowerChina) is interested in investing in Montenegro's energy sector, the energy ministry of the Balkan country said.

PowerChina representatives held a meeting with Montenegrin energy minister Sasa Mujovic to declare their interest in developing new renewable energy capacities in the country, the ministry said in a statement on Monday when the meeting took place.

Next, the PowerChina representatives plan to hold working meetings with the executives of the top energy companies in Montenegro and discuss concrete projects that could be of interest for a possible cooperation, the ministry said without elaborating.

"Montenegro should start as soon as possible the implementation of major energy projects that could be crucial for securing a much needed energy balance. Therefore, the construction of a reversible hydropower plant could be of invaluable significance," Mujovic said at the meeting, as quoted by the statement.

"We need credible investors to support us, to offer us financial and expert help, to expand the spectrum of possibilities for the government and the national energy company in order to chose the most favourable option. PowerChina possesses what we need and we will be pleased if they participate with their offers in the tenders we plan to launch," Mujovic said, without elaborating.

PowerChina has already participated in major Montenegrin infrastructure projects, such as the construction of the water supply system along the Podgorica-Kolasin motorway, and the works on the ecological reconstruction of thermal power plant TE Pljevlja that are still underway.

As far as renewable energy projects are concerned, the ministry noted that the Chinese company is at present engaged in the construction of the Ivovik wind park in Bosnia and Herzegovina and the Vetrozelna wind park in Serbia.