Montenegro: Agreement between A2A and Gov on energy company EPCG by the end of March?

31. December 2014. / SEE Energy News

The Italians do not want to finance the construction of the second unit of the thermal power plant in Pljevlje, and Chinese companies “Powerchina Hubei” and “CMEC” and the Czech “Skoda” offered from 277 to 356 MEUR to build TPP.

As stated, the negotiations between the Government and the Italian company A2A on the Partnership for Electric Power Company (EPCG) will be resumed early next year, because they failed to agree on terms of leadership.

“We will try to reach an agreement by the end of March, when expires the five-year management contract, which A2A has. The main problem is the construction of the second unit of the thermal power plant in Pljevlje”, announced “Vijesti” from the Montenegrin negotiating team.

According to unofficial information, the Italians would reportedly agree to participate in the project to 49 percent, but not to be the main financier.

A2A, which now has a 41.7 percent share, took over the management of EPCG in March 2010th and bought a minority stake for about 430 MEUR at the end of 2009th. As the Montenegrin side highlights, the Italians did not fulfil the contract obligations.

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