Montenegrin Prime Minister Dusko Markovic said that the activation of the put option, namely the withdrawal of Italian company A2A from power utility EPCG, has not called the project for the construction of unit 2 at thermal power plant Pljevlja into question.
PM Markovic said that the Government is committed to this project and the activities regarding the contract concluded with the Czech company Skoda Praha are ongoing and the solution for a number of open issues is being actively sought. He added that the partnership with A2A was good and successful project for Montenegro, as A2A purchased 41.7 % stake in EPCG for 434 million euros in 2009, while now the Government will buy it back for 250 million euros.
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Tags: A2A, construction, electricity, EPCG, Montenegro, Pljevlja, Skoda Praha, TPP