Montenegrin Government secures funds to buy A2A shares in EPCG
The Montenegrin Government adopted a budget rebalance which foresees EUR 70 million for the purchase of the Italian company A2A’s shares in power utility Elektroprivreda Crne Gore (EPCG). In July last year, the Italian company informed the Government of Montenegro about activating the put option, which officially launched the process of the company’s withdrawal from […]
Six bids filed in lead-up to TPP Pljevlja’s overhaul
Six bidders are vying to produce a preliminary design plan for the ecological overhaul of Montenegrin power utility Elektroprivreda Crne Gore’s (EPCG) thermal power plant (TPP) Pljevlja with an installed capacity of 225 MW. After opening the bids for the job worth EUR 900,000 including VAT, EPCG said that it will start evaluating the offers […]
EPCG inks deal for HPP Komarnica preliminary design plan
Montenegro’s electricity company Elektroprivreda Crne Gore (EPCG) has signed an agreement worth over EUR 1.6 million with a group of bidders from Serbia – Jaroslav Černi and Energoprojekt Hidroinženjering – to produce a preliminary design plan for hydropower plant (HPP) Komarnica. The contractors are also to prepare a feasibility study and an environmental impact study, EPCG has […]
UPDATE: Montenegro’s MEPX to start trading electricity by the end of this year
Trading at the Montenegrin Power Exchange (MEPX) should begin by the end of this year when a strategic partner is found and an operational process is implemented. The Power Exchange was established last year as a project company. The start of trading on MEPX is expected once a strategic partner is found, the one who will […]
EPCG launches tendering to produce design plan for TPP Pljevlja ecological overhaul
Power utility Elektroprivreda Crne Gore (EPCG) has issued a public invitation of tenders to produce a preliminary design plan for ecological reconstruction of coal-fired power plant Pljevlja. The deadline for submission is February 1, and the estimated value of the deal is EUR 900,000. The best bidder will have seven months to do the job. […]
Talks on new Montenegrin coal-fired unit fail, Government to implement ecological overhaul of TPP Pljevlja
Montenegrin Government decided to start the ecological reconstruction of the coal-fired power plant Pljevlja. The Unit I of the thermal power plant (TPP) Pljevlja, operated by public power utility Elektroprivreda Crne Gore (EPCG), will be ecologically reconstructed by 2021. The announcement is part of the Government’s decision to terminate the cooperation on Project of Construction […]
Montenegrin Government looking for investor to finance EPCG’s takeover from A2A
The Government of Montenegro intends to buy shares of the Italian company A2A in power utility Elektroprivreda Crne Gore (EPCG) with the support of a financial institution, as well as to hire a legal advisor for assistance in privatization, Montenegrin media reported. Montenegrin Government has a stake of 51% in EPCG while A2A owns 41%. […]
Court unblocks A2A shares in Montenegrin power company EPCG
The High Court in Podgorica has decided to unblock shares of Italian company A2A in Montenegrin power company, Elektroprivreda Crne Gore (EPCG). The court previously blocked the shares of A2A over a proceeding against several former EPCG managers. Montenegrin media reported that the chamber presided over by the president of the Higher Court in Podgorica, […]