Electricity

A2A prolonged contract for another two months

Published

August 4, 2015

Country

Comments

comments icon

0

Share

Published:

August 4, 2015

Country:

Comments:

comments icon

0

Share

Italian minority stakeholder in national electric power industry EPCG (Elektroprivreda Crne Gore AD Nikšić) agreed with the state government to prolong the contract for another two months, after three similar interim deals from early April. The partnership dates back to 2009, and A2A said negotiations about the future ownership structure are continuing, according to a report by MINA-Business on portal Cdm.me.

The Government of Montenegro, company’s majority owner, does not share the vision about priority investments with is partner, the article said. The Italian side believes it is not the time for the expansion of Pljevlja thermal power plant, worth at least EUR 338 million. A2A failed to find a third partner for the project, according to the news agency’s information. There is also no deal in sight about the investor’s potential exit, as sources say the share is now worth much less than the EUR 430 million it paid for it six years ago.

EPCG told MINA-Business the total households’ debt in electricity bill reached EUR 139 million, but it stopped growing. The company said it plans to start another campaign of offers for prolonging the payment to customers. EPCG said it was the regulatory body RAE that allowed it to include an extra 9% in the electricity bill sum to cover transmission losses.

Croatian state-owned power utility HEP and its Serbian peer EPS are eyeing acquisitions abroad and EPCG is seen as a possible target, media in the region said in April.

 

Related Articles

Serbia drafts just transition action plan public debate

Serbia drafts just transition action plan

30 May 2025 - The Ministry of Mining and Energy has published a draft just transition action plan and launched a public debate

Regional Power Sector Exchange Western Balkans disitribution system operator dso grids ohrid giz

Third Regional Power Sector Exchange in Ohrid: Power grids at core of energy transition

30 May 2025 - The third Regional Power Sector Exchange of the Western Balkans gathered over 80 energy professionals from the Western Balkans

two solar power plants egesa enerji vojvodina

Turkish Egesa Enerji to build two solar power plants in Serbia’s Vojvodina province

30 May 2025 - Turkish company Egesa Enerji has launched a project to build two solar power plants in Vojvodina, with a total nominal capacity of 8.6 MW

Green for Growth Fund partnership Swedish International Development Cooperation Agency Sida

Green for Growth Fund launches partnership with Swedish International Development Cooperation Agency

30 May 2025 - GGF and the Swedish International Development Cooperation Agency are expanding green lending in the Western Balkans and the EU's Eastern Neighborhood