JERA, Japan’s largest energy trading company and a joint venture of the country’s two leading power utilities, has expressed interest in investing in Montenegro. The company operates one of the world’s most environmentally advanced power plants—Futtsu Thermal Power Station—with a capacity of 5.16 GW spread across 21 units. This is equivalent to five times Montenegro’s total annual electricity consumption and twenty times the output of the Pljevlja Thermal Power Plant.
Prime Minister Milojko Spajić is currently paying an official visit to Japan, where he is meeting with representatives of several prominent Japanese corporations to present Montenegro’s investment potential across various sectors.
Among others, Prime Minister Spajić met with Yukio Kani, CEO of JERA, and members of his team to discuss the prospects of Montenegro’s energy sector.
Energy is our development opportunity. That is why it is particularly important to implement all potential projects with credible partners who will help us ensure the sustainability, accessibility and stability of the energy system, the Prime Minister emphasized.
Kani informed the Prime Minister about the company’s acquisitions around the world, highlighting the importance of energy interconnection with countries in the region in the context of maintaining stability and balance of power. The JERA delegation conveyed the company’s readiness to explore opportunities in Montenegro and proposed the formation of a joint working group to assess potential areas of cooperation.
The two sides agreed that legal compliance and transparency are essential pillars of any future engagement, particularly given Montenegro’s strategic goal of joining the European Union in the near future.
The meeting highlighted Montenegro’s potential to become a regional leader in green energy production.
As part of the visit, Prime Minister Spajić and his associates toured one of the world’s largest liquefied natural gas (LNG) terminals, located in Tokyo Bay and operated by JERA. The Futtsu facility, established four decades ago, adheres to high environmental and safety standards and plays a critical role in ensuring the reliability of Japan’s energy supply.
It was agreed that further technical discussions will be held with Montenegro’s Ministry of Energy and Mining to explore concrete models for potential investment and collaboration in the country’s energy infrastructure.
AloJapan.com