The Shareholders’ General Assembly of Montenegrin power utility EPCG at an extraordinary session adopted a decision on the establishment of limited liability company called Montenegrin electricity distribution system (CEDIS) and the decision on the acceptance of the contribution in kind for CEDIS.
Shareholders’ Assembly unanimously accepted this proposal made by EPCG’s Board of Directors. The founder of the company is power utility EPCG which will have 100 % ownership of CEDIS. It will operate within the unique Montenegrin electricity system and will handle the distribution of electricity to customers.
According to the rules of the Energy Regulatory Agency, the founder will transfer the license to CEDIS, so the company will operate as an independent operator of the distribution system. CEDIS is an independent entity, which will have its own management, transmits Serbia-energy.eu