Electricity

German company scanning energy projects to invest in

Published

May 13, 2015

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Published:

May 13, 2015

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AEG Industrial Engineering AG perceives Macedonia as being the main energy center in the region, said Heinrich Otterpohl, CEO of the German company, part of a delegation visiting Macedonia, the former Yugoslav republic’s government said on its website.

In a meeting with deputy prime minister for economic affairs Vladimir Peševski, Otterpohl praised Macedonia’s investment opportunities, saying his company was examining the conditions to invest in energy projects in the country.

The meeting took place after AEG Industrial Engineering had decided three weeks before to enter Macedonia’s market and open its offices in the country, deputy prime minister’s cabinet stated in a press release.

At the meeting with AEG officials, Peševski, deputy economy minister Hristijan Delev, and CEO of ELEM (Macedonian Power Plants) Dejan Boškovski presented the reforms implemented with regard to business climate and tax policy as well as the country’s strategic energy and investment projects.

AEG Industrial Engineering specializes in the production of power sources, power components and control and distribution of electricity. The company is part of AEG Group (Allgemeine Elektrizitäts-Gesellschaft), which began operations in 1887 in Berlin. The group was incorporated in Electrolux Group in 2004.

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