30 December 2018 - From the moment of activation, there has been a sharp rise in the number of investors ready to purchase stocks of the Electric Power Company of Montenegro, which tells a lot about our potentials, economy minister Dragica Sekulić said in an interview with Pobjeda, a daily.
“I am pleased to reveal that it is about big companies from the EU member states, the United States, China. This, of course, means we would have even greater responsibility in selecting our new strategic partner. What I can tell you right now is that we are going to look for a partner capable of making the Electric Power Company of Montenegro a greater company with larger profits,” said Sekulić.
According to Sekulić, the Montenegrin economy does not need a buyer of Electric Power Company of Montenegro but a strategic partner that would contribute to growth and development of this company through efficiency and increased competitiveness.
“It would be unrealistic to expect massive revenues from the sale of Electric Power Company of Montenegro and that it can be further developed in a modern and sustainable manner while being majority-owned by the state. The Electric Power Company of Montenegro has two unique production facilities and best overview of development potentials in the country, but valorization of both requires openness to contemporary experiences and practice,” noted Sekulić.
She also explained that the implementation of put option required paying of 250 million EUR in seven annual installments for stocks of the Italian energy company A2A.
Source: Cafe del Montenegro
