Alcazar to take over NIAT wind farm of 500 MW in Egypt from Siemens Gamesa after completion
Alcazar formalized the partnership for the final development, construction and operation of Siemens Gamesa's NIAT wind project in Egypt
Italy mulls keeping its last coal plants on standby
Italy may switch its remaining coal plants on the mainland to a standby mode this year instead of dismantling them
Rezolv signs VPPA for Vifor wind power project in Romania
Rezolv Energy signed the sixth virtual power purchase agreement (VPPA) for its Vifor wind power project in Romania's east
EPCG, Montenegrin government pay EUR 212 million to Italy’s A2A for EPCG shares
State power utility Elektroprivreda Crne Gore (EPCG) has so far paid EUR 103.65 million to repurchase shares from Italy’s A2A, while EUR 108.86 million has been set aside from Montenegro’s state budget for the same purpose, according to Dragica Sekulić, the economy minister, RTCG has reported. The exit of Italy’s A2A from the ownership and management […]
EU, US, Chinese companies interested in EPCG acquisition
Companies from the European Union, the US, and China are interested in the acquisition of power utility Elektroprivreda Crne Gore (EPCG), Economy Minister Dragica Sekulić has said. In an interview with Pobjeda, she said that strong interest implies a greater responsibility in the process of selecting a strategic partner for EPCG. Montenegro will seek a […]
EPCG’s shareholder assembly backs EUR 55.3 million dividend payment
Power utility Elektroprivreda Crne Gore’s (EPCG) shareholder assembly has backed a EUR 55.3 million dividend payment. The dividend will be distributed out of retained earnings, in the gross amount per share of EUR 0.4214. At the 16th regular meeting held in Nikšić, shareholders also adopted financial and consolidated reports for 2017 and the company’s annual report, […]
Montenegro pays EUR 68.9 million to raise stake in power utility EPCG
The Montenegrin government has paid EUR 68.9 million to Italy’s A2A to increase its holding in power utility Elektroprivreda Crne Gore (EPCG) from 57.01% to 70.16%. With this move, Montenegro returned its ownership in the company to the level before partial privatization and recapitalization carried out in 2009. The number of shares acquired to boost […]
Montenegro accelerates takeover of A2A shares in EPCG
The Government of Montenegro intends to increase the ownership in public power utility Elektroprivreda Crne Gore (EPCG) in May from 57,01 to 70,16%, instead of initially planned 63%. This is envisaged by the Proposal of the Contract on the execution of put option, which the Montenegrin Government adopted and submitted it to the National Assembly, […]