Montenegro secures funds for construction of wastewater treatment plant in its capital
Montenegro has secured most of the needed funds for the construction of a wastewater treatment plant in Podgorica, worth EUR 50 million. The international tender for the construction of the plant is expected to be published in the first quarter of 2018. Two loan agreements has been today signed between the Government of Montenegro and […]
First payment to A2A for withdrawal from EPCG by May 2018
The Government of Montenegro intends to pay the first installment to the Italian company A2A for its shares in Montenegrin electric power company, Elektroprivreda Crne Gore (EPCG), before the deadline expires in May 2018. By then, the government will also examine other payment options foreseen by the contract with the Italian company, the Ministry of […]
Italian A2A appeals Montenegrin court’s decision to block its shares in EPCG
The Italian company A2A has appealed court’s decision to block its shares in the Montenegrin electric power company, Elektroprivreda Crne Gore (EPCG), Montenegrin media reported. The High Court in Podgorica, which blocked the shares due to the procedure against several former managers of the company, has confirmed to daily Pobjeda that A2A has appealed the decision. […]
Blocking of A2A shares will not affect EPCG’s takeover, says Montenegrin government
The High Court of Montenegro has blocked shares of the Italian company A2A in Montenegrin power company, Elektroprivreda (EPCG), due to the legal procedure which has been conducted against several former managers of the company. The Montenegrin authorities claim that this will not jeopardize the takeover procedure launched in early July. A2A officially launched the […]
Montenegro gets its power exchange, another step towards regional market
Elektroprivreda Crne Gore (EPCG), national power utility company of Montenegro, Montenegro Electricity Market Operator (COTEE) and Montenegrin Power Transmission System (CGES) signed yesterday an agreement on establishing Montenegro power exchange and the power exchange’s statute. The Minister of Economy of Montenegro Dragica Sekulić said that the establishment of the power exchange creates conditions for more competitive […]
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 […]
Government of Montenegro granted concessions for small hydroplants
The Government of Montenegro granted concessions for the construction of small hydro power plants (SHPP) Vinicka and Lijevak. “At the session, reports were adopted on the procedure for granting a concession on the basis of an energy license for the construction of small hydro power plants Vinicka on the part of the Vinicka river watercourse, […]
