Italian A2A selling shares in Montenegro power company
The Italian energy company A2A has decided to sell its shares in the Montenegrin Electric Power Company (EPCG), Montenegrin Prime Minister Duško Marković said. He told reporters that the government expects to be informed officially of the decision so that it can decide whether to buy the shares or not. The Italian company has been […]
Parliament of Montenegro adopts Annex of EPCG management contract
The Parliament of Montenegro adopted the Annex of the shareholders’ agreement between the Government and Italian company A2A concerning the management of Electric Power Company of Montenegro (EPCG). The Annex extended the contract on EPCG management until June 30 this year, after the shareholders’ agreement previously expired on December 31, 2016. The decision was published […]
Montenegro inks shareholders agreement with A2A
Minister of economy Vladimir Kavarić, on behalf of the Government of Montenegro, and Oreste Bramanti, on behalf of Italian company A2A SpA, signed the new shareholders agreement for the Electric Power Company of Montenegro (EPCG) on August 29. The new document will be in force until December 31, the government stated on its website. Previously, […]
Montenegro Parliament ratifies shareholder contract with A2A
Lawmakers voted to accept the draft agreement with the state’s Italian partners in Electric Power Company of Montenegro (EPCG) late on July 29. A2A gets managing rights but also more responsibility, vice premier Vujica Lazović stated. The motion was passed with 41 votes in favor and 11 against. “The state will have bigger control over […]
A2A and Government of Montenegro reach agreement
Italian partner A2A will remain to be co-owner in Montenegrin Electric Power Company (EPCG), while the second block of thermal power plant Pljevlja will still be built. Domestic media reported only an official confirmation is expected from A2A about the agreement for the next five years. The facility will cost EUR 340 million, mostly financed […]
Interim deal to keep managing EPCG with A2A
The Government of Montenegro and Italian company A2A, leading shareholders of the Montenegrin electric power industry EPCG, have agreed on an interim agreement for a period of three months, following the expiry of the contract, Independent Balkans News Agency reported. The A2A will continue managing EPCG in the same way it was set out in […]
Electric power industry’s profit soared last year
CGES (Montenegrin Electrical Transmission System – Crnogorski elektroprenosni sistem) said its last year’s net income was EUR 12.4 million, 4.6 times more than the previous year, while the national power company EPCG’s (Elektroprivreda Crne Gore) profit was raised to EUR 34.77 million, 38% above the result from 2013. Both companies filed reports to Montenegro Stock […]