Law on concessions. Country/Territory Montenegro Document type Legislation Date 2009 (2019) Source FAO, FAOLEX Subject Energy, Forestry, Land & soil, Mineral resources, Sea, Water, Wild species & ecosystems Keyword Concession Liability/compensation Sustainable development Sustainable use Geographical area Europe, Europe and Central Asia, Mediterranean, Southern Europe Entry into force notes This consolidated text will apply from 4 July 2020. Abstract This Law regulates the conditions, manner and procedure of granting concessions, the subject of concessions and other issues of importance for the realization of concession grants on the territory of Montenegro. Concessions shall be granted under equal, transparent and non-discriminatory conditions for the use of natural resources and wealth, goods in general use and other goods of general interest, performing activities of public interest and ensuring the development and functioning of infrastructure. Concessions are granted to provide: 1) realization of public interest, higher employment, introduction of new technologies and provision of accelerated economic development and providing income for the grantor; 2) rational, economical, correct and efficient use of natural resources, goods in general use and other goods of general interest; 3) technical-technological improvement and ensuring the unity of the infrastructure system; 4) improvement of the activity that is the subject of the concession; 5) construction, reconstruction and modernization of facilities, in order to perform concession activities in accordance with the provisions of this Law; 6) competition in the area in which concessions are granted; 7) protection and improvement of the environment. The subject of the concession may be the following: 1) exploration or exploitation, or exploration and exploitation of mineral resources of strategic importance; 2) use of watercourses and other waters, or their parts or a certain quantity of water, for the purposes determined by special laws; 3) use of forests; 4) use of natural resources in the maritime domain, for the purpose of performing activities of public interest; 5) exploration and/or exploitation of the seabed and subsoil, as well as living and non-living resources in inland waters, territorial sea and continental shelf, except research and hydrocarbon production; 6) exploitation of river sediments on public water resources; 7) use of natural resources in state property, for the purpose of construction, maintenance and use of energy resources facilities for the production of electricity and/or heat; 8) use of river and lake shores; 9) use of natural resources in areas with natural healing properties and other natural values for the construction of facilities, maintenance, use and modernization of existing facilities. Full text Montenegrin Website www.gov.me References - Legislation Implemented by Decree on the manner of determining the concession fee for a company or legal entity that uses a water reservoir and/or watercourse for the production of electricity in hydropower plants. Legislation | Montenegro | 2022 Keyword: Concession, Royalties/fees, Hydropower generation Source: FAO, FAOLEX