Rudnik uglja Pljevlja (RUP) expects to close the year with a profit of around 15 million euros, the same as last year despite the extended maintenance of the Pljevlja thermal power plant (TE) and ongoing investments, as reported by Executive Director Nemanja Laković.
The upcoming year is expected to be one of the most challenging in the company’s history. Laković highlighted that RUP will focus on completing delayed projects, including the ecological reconstruction of TE and the relocation of the Ćehotina River, both crucial for the energy stability of Montenegro. He stressed that the next year will not focus on profits, but rather on survival, ensuring that these key projects are finished.
On the future of TE Pljevlja: There have been public concerns about the potential closure of the thermal power plant. Laković emphasized that there are no plans for an unplanned closure of RUP or TE. Any transition must be carefully planned, with long-term strategies in place. The Ministry of Energy has proposed the continued operation of TE Pljevlja until 2041, providing time for the development of alternative energy projects. Montenegro is committed to a fair energy transition with support from European and American partners.
RUP’s transformation plan: RUP has introduced a transformation plan focused on creating new business areas. The plan includes expanding operations in construction, asphalt production, machinery maintenance, transport, and even exploring renewable energy sources like solar and hydro power. Laković stated that these initiatives will create new jobs and strengthen the local economy.
Impact of TE Pljevlja’s reconstruction: Next year, due to the ecological reconstruction of TE, the plant will be shut down for about eight months, which will affect RUP’s operations. Laković confirmed that RUP has proposed a four-year coal supply contract with EPCG (parent company) to ensure financial stability during this period, with advance payments helping to secure necessary resources.
Ecological reconstruction and Ćehotina river relocation: Both the ecological reconstruction of TE and the relocation of the Ćehotina River are vital for the continued operation of RUP and TE. These projects, delayed for years, must be completed by 2025. The river relocation project, valued at 20 million euros, is being executed in phases, with the first phase already underway.
Annual production and sales: In 2024, RUP produced 1.51 million tons of coal, supplying TE with 1.32 million tons and selling 196,000 tons to other customers. The company is satisfied with the prices, which are competitive compared to other regional coal producers.
Pljevlja’s future: Laković is optimistic about Pljevlja’s future, citing ongoing projects like city heating, new sports facilities, and improved infrastructure. He noted the importance of reinvigorating the entrepreneurial spirit in the town to support future growth and development. He also emphasized that the transformation of RUP, along with government initiatives, could lead to a brighter future for the area.
Employee count and wages: RUP has approximately 1,300 employees, and wages are expected to rise as part of the company’s ongoing efforts to modernize and support the local economy.
