21 May 2019 - Construction of the second block in the Thermal Power Plant Pljevlja is currently not a priority of the Electric Power Company of Montenegro, as this company has started a massive investment momentum in order to diversify energy production from renewable energy sources, in the first line wind and sun, the Chairman of the Board of Directors within the company, Đoko Krivokapić.
“If we were to compare this year’s results from the first quarter with the ones we had in the same period last year, I would say we are not quite satisfied with them. The company’s business revenues in the first trimester of 2019 amounted to 90.4 million EUR, while the new profit of the company amounted to 10.7 million EUR. The total electricity production in the first quarter of 2019 was 845 gigawatt-hours, which is by 12.7 per cent or 123 gigawatt-hours less compared to 2018,” said Krivokapić regarding the Electric Power Company of Montenegro results
Having in mind hydrology which was below the average level, Krivokapić added that he was satisfied with the electricity production and the company’s business results in the first quarter.
According to him, the Electric Power Company of Montenegro expects a public procurement procedure soon to be announced, in order to implement ecological reconstruction of the Thermal Power Plant Pljevlja, while the works should be completed from 2019 to 2021. The implementation of a project referring to the reconstruction of the existing block in Thermal Power Plant Pljevlja, based on the preliminary design, is estimated at around 45 million EUR.
When asked whether the Electric Power Company of Montenegro was going to give up the construction of the second block, Krivokapić said that this project was not the topmost priority for the company, as the cooperation with the Czech Republic’s Skoda Praha, which was supposed to provide funds for the construction of the Thermal Power Plant Pljevlja’s second unit, had been terminated.
Source: Cafe del Montenegro
