The total investments of Elektroprivreda (EPCG) last year amounted to 47,308,879 euros, which is four times more than in 2021, when 11,753,380 were invested.
Of the total investments last year, almost half related to the purchase of the industrial complex of Nikšić Željezara.
This was shown by the officially available Report on the State of the Energy Sector for 2020 prepared by the Regulatory Agency for Energy and Regulated Utilities (REGAGEN), whose Board of Directors is chaired by Branislav Prelević.
The regulator noted that the production capacities of this state-owned company remained at the same level last year as in 2019, and that significant progress in the realization of investments took place in 2023, when the energy company received a loan from the European Bank for Reconstruction and Development (EBRD) for financing the wind power plant “Gvozd”.
Almost 12 million were invested in production
“In December 2022, a contract was concluded with “Toscelik Alloyed Engineering Steel” and an advance in the amount of 20,423,173 euros was recorded, while the purchase and sale process was completed in 2023. Since the realization of this investment was not preceded by the publication of a business plan, a profitability analysis and/or a cost-benefit analysis, and that EPCG did not submit the requested information, the effects of the investment, even at the request of REGAGEN could not be seen at the time of writing this report”, states the regulator.
As for investments in production, last year EPCG invested 11,751,332 euros, i.e. 25 percent of total investments, of which the most significant investments relate to the ecological reconstruction of the “Pljevlja” Thermoelectric Power Plant, the capital overhaul of unit A3 in the “Piva” hydroelectric power plant and the installation of block transformer T1 -T5 and reconstruction of the cooling system in the “Perućica” hydroelectric power plant.
“In addition, 7,345,488 euros were invested in the Directorate for Renewable Sources (15% of total investments), i.e. in the Solar 3000+ and Solar 500+ projects, which relate to the installation of photovoltaic systems and small power plants on individual buildings”, it is written in report.
CEDIS invested 7.4 million
Through the profitable operations of companies that are majority state-owned, in addition to the financial ability to invest in energy development, money can be provided, which the state as the owner, through the competent institutions, could direct to the protection of vulnerable categories of society, as European developed countries have done. countries.
When it comes to the Montenegrin Electricity Distribution System (CEDIS), this energy company last year had total investments of 14,772,750 euros, of which 7,415,745 pertains, as the regulator explained, to investments that were planned for 2022 according to the Updated Investment Plan. year, and the remaining amount (7,357,005) on investments whose realization was foreseen for previous years.
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