Government of Montenegro and Italian-based A2A SpA agree on EPCG interim agreement

Government of Montenegro and Italian-based A2A SpA, as two leading shareholders of the Montenegrin Electric Power Industry (EPCG), have agreed on the interim agreement for a period of three months in order to regulate mutual relations following the expiry of the EPCG contract (1 April 2015).The agreement does not constitute an extension of the EPCG agreement and it is a completely new and independent agreement between the State of Montenegro and the A2A SpA. 

It aims to create a further negotiations framework on the conclusion of a new EPCG agreement, as well as the provision of undisturbed further activities necessary for the completion of the Block II of the Thermal Power Plant Pljevlja. According to the agreement, the A2A SpA will continue managing the EPCG to the same extent as it was set out in the agreement that expired on 1 April.

Construction of the Block II of the Thermal Power Plant Pljevlja is a basic postulate of the interim agreement and the most important condition for the continuation of cooperation and further negotiations with the A2A. If a common solution to the construction of the thermal power plant Pljevlja is not reached, the interim agreement will cease to have effect.