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MONTENEGRO: A2A SELLING ITS STAKE IN ELEKTROPRIVREDA CRNE GORE

February 2018.
MONTENEGRO: A2A SELLING ITS STAKE IN ELEKTROPRIVREDA CRNE GORE More on
Montenegro

A2A, the Italian utility company, has started the process of selling its 41.75% stake in the Montenegrin energy company, Elektroprivreda Crne Gore

A2A, the Italian utility company, has started the process of selling its 41.75% stake in the Montenegrin energy company, Elektroprivreda Crne Gore. The contract with the Government expired in 2015, and a new contract was introduced in 2016 which allowed A2A to quit EPCG with the condition that the Government has the right to the priority purchase of its shares for EUR 250 million, paid over a period of seven years. A2A had to state the final decision regarding the possible sale of shares by the 30th of June, 2017. EPCG has 3 production facilities, HPP “Perućica” HPP “Piva” and TPP “Pljevlja”. The total installed generating capacity of power plants amounted to 867,5 MW, of which hydro power plants belonging to 649 MW or 75%, a power plant of 218,5 MW or 25%.

 

Company name: A2A S.p.A.
Company website: www.a2a.eu

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