The Montenegrin Government has terminated the agreement signed with Czech company Skoda Praha on the construction of second unit at coal-fired thermal power plant Pljevlja.
Executive Director for Development and Engineering at power utility EPCG Ivan Mrvaljevic said that the reason for the termination is the fact that EPCG was unable to reach technical and financial agreement with Skoda Praha, despite significant efforts made by both companies. However, EPCG remains fully committed to the construction of second unit at TPP Pljevlja and it will propose the alternative solution to the Government by the end of January next year.
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Tags: construction, electricity, EPCG, Montenegro, Pljevlja, Skoda Praha, TPP