Factory Vektra Jakić adds pellet production


April 9, 2016





April 9, 2016




Hafsa al-Ulama (pictured left), ambassador of the United Arab Emirates, and Petar Ivanović (pictured right), Montenegro’s minister of agriculture and rural development, attended the launch of a pellet manufacturing facility in a wood processing complex in Pljevlja on April 6. Dragan Brković (middle), chief executive of company Vektra Jakić d.o.o., said the new system’s development lasted four years due to a halt in financing from OTP Bank. The investment component for energy generation should be completed by September as well as all remaining parts of the industrial block, according to owners. The new facility employs 25 people and already has contracts for exporting pellet, the ministry said.

Brković stated experts from Germany will be training the workers and that production begins at 50% capacity, while the full volume of 65,000 tonnes per year should be reached in September. That’s when pulpwood will enter production. The project with the Abu Dhabi Fund for Development is worth USD 50 million (EUR 43.9 million), and contracts so far cover EUR 14.5 million.

Al-Ulama expressed pleasure that everything that was presented to her five months earlier got implemented. She added the pellet, manufactured by standards of the European Union, is one of the best kinds in the world.

Vektra Jakić’s account is blocked for three months continuously by the local authority in Pljevlja, located in the country’s north. The real estate tax debt climbed to EUR 730,000, Montenegrin newspaper Dan carried. Municipality head Mirko Đačić stated that last year the account was blocked several times. Additionally, the company owes EUR 800,000 to the local government for forest management concessions, the article adds. Officials from Pljevlja didn’t attend the launch of the pellet factory. Vektra Jakić exited bankruptcy in 2014 and it is still struggling to expand production, according to Dan. The company sells timber and produces boards, the article said.

Related Articles

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets


EU faces challenges in delivering on ambitious offshore wind target

28 June 2022 - The ambitious target could prove challenging due to expected shortages of specialized offshore wind installation vessels


NASA sets out to develop nuclear power plant on the Moon

28 June 2022 - Success in building such power systems would pave the way for long-term missions on the Moon and Mars, NASA said

EU energy ministers targets renewables energy efficiency

EU energy ministers aiming at more ambitious renewables, energy efficiency targets

28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks