Montenegrin state-owned energy utility Elektroprivreda Crne Gore (EPCG) has reached an settlement with Turkey’s Tosçelik to purchase the steelworks Željezara Nikšić, the place it intends to ascertain an organization that doesn’t produce metal however operates in photo voltaic sector.
The chairman of the board of EPCG, Milutin Đukanović, stated that EPCG will set up a subsidiary known as Željezara photo voltaic Nikšić, with plans to open a expertise heart that can assist the photo voltaic business. He additionally stated that EPCG hopes to develop a marketing strategy for the manufacturing of photo voltaic panels in Nikšić.
Đukanović: EPCG hopes that the photo voltaic panels shall be produced in Nikšić
In line with earlier reviews, Nikšić steelworks has plans to construct a solar energy plant to supply power for its personal wants.
Đukanović stated earlier that EPCG’s enterprise philosophy is to construct solar energy vegetation round its power amenities, the place power infrastructure already exists.
EPCG can pay EUR 20 million for Željezara’s property
A EUR 20 million buy settlement with the present proprietor of Nikšić steelworks, the Turkish firm Tosçelik, ought to be signed on December 20. The primary transaction, value EUR 15 million, shall be accomplished on January 15, if EPCG takes over the property . The second installment, of EUR 5 million, shall be paid on February 15, making EPCG the 100% proprietor, Đukanović defined.
In September, the Montenegrin authorities purchased a stake in EPCG for EUR 15 million in a share situation meant for elevating cash for the acquisition of steelworks.
EPCG extends its assist to rooftop photo voltaic tasks
The state energy utility just lately determined to develop its rooftop photo voltaic tasks Solari 3.000+ and Solari 500+, marking the start of the power transition in Montenegro. EPCG permitted the launch of a challenge known as Solari 5.000+, which is able to facilitate a further 5,000 households, companies, and residential communities to begin producing inexperienced power for their very own consumption and turn into prosumers.
In line with earlier bulletins, EPCG additionally intends to launch the Solari 10,000+ program, and hopes to acquire financing for it from European Union funds.
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