Italians retain ownership in the Montenegrin energy company

EPCG

Podgorica, January 20, 2015/ Independent Balkan News Agency

By Adnan Prekic

The representatives of the Italian company A2A announced that they have reached an agreement with the Montenegrin government to retain ownership in the Montenegrin energy company. From the Italian company has been announced that they will jointly with the government of Montenegro, try to introduce in the state energy company a third partner. At the end of 2014 expired the partnership agreement between the Montenegrin Government and the Italian company A2A in the state energy company.

The General Director of the Italian company A2A Luca Valerio Camerano said that his company and the Montenegrin government will continue the partnership started in 2009. He emphasized that the company would insist on conditions that were set during the negotiations held in December 2014. The biggest problem in the continuation of cooperation in the state energy company is the construction of a second thermal power plant in Pljevlja. The Government is committed to ensuring that there is a construction of a second terminal, while Italians are restrained on this matter. Italian A2A claimed that now is not the time for such an investment. Italians, therefore, subsequently proposed an option to get the money for that investment provided by a third partner.

The Government’s call for the construction of the second block of TPP answered: the Czech company “Skoda Praha”, two Chinese companies – “Powerchina Hubei Electric Power Survey & Design Institute”, “China Machinery Engineering Corporation” (CMEC) and the Slovak company “Istroenergo Group”.

The development plan envisages that the second block of the thermoelectric power plant Pljevlja will be 200-300 MW, and will be built on the site of an existing power plant. The project will provide heating for the town, in cooperation with the municipality of Pljevlja.

The new block will be built using the latest technologies that are consistent with the protection of the environment. The issue of the heating system is one of the key points on which both the government and the local administration insist upon. Due to the special geographical conditions and the presence of a large number of industrial plants, Pljevlja is one of the most polluted towns in Europe.

At the end of 2014 expired the partnership agreement between the Montenegrin Government and the Italian company A2A in the state energy company. The Italian company after five years of management have not met the most parts of the conditions stipulated by contract, but regardless of that, the intent of the Montenegrin government is to retain partnership with the Italians.

During the contract signing in 2009, the specific conditions that the Italian management should have fulfilled in order to keep their ownership and right to managing the company had been set. After five years of signing the contract on the strategic partnership, the Italian company A2A has no reason to be satisfied.

Source: Independent Balkan News Agency (Montenegro)