Agreement with A2A supported

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Parliamentary Committee for Economy, Finance and Budget supported the shareholders contract between the State and the Italian company A2A.

Democratic Front MPs Radojica Zivkovic and Nebojsa Medojevic voted against it and Aleksandar Damjanovic from SNP was reserved.

”I am against the contract because I think that this government, which negotiated the conditions, has no legitimacy for it,” said Medojevic.

Explaining the draft decision on acceptance of the shareholders contract, the Deputy Prime Minister Vujica Lazovic said that the negotiations lasted a little longer, because, as he said, the government cares about the Italian partner which is the largest investor in Montenegro in the last ten years.

” We’ve negotiated for a long time. Due to the different positions the contract was extended four times. We began from significantly different positions regarding the two key issues, the construction of the second block of TE and the output options. The second block of TE Pljevlja is priority for the Government,” said Lazovic, reports Portal of Radio Antena M.

He pointed out that, on the other hand, in the event of continued cooperation, A2A wanted to minimize the company’s exposure to risks that are outside the influence of the parties.

Main items of the contract provide for the construction of the second block of TE. A2A will get the right to control it while having to take the responsibility for it in the same time. Both parties will waive arbitration in the event of any circumstances affecting the implementation of a new contract or the expiration of contract, and the value of output option by which the government takes all actions that A2A has in the EPCG is 250 million euros in seven annual installments.

What was improved in the contract, Lazovic says, is that A2A may propose managers and their assignment is only possible if the company agrees these personnel solutions with the government.

“This joint management is some type of control,” said Lazovic.

Source: Radio Television Montenegro