Škoda Praha's Pljevlja II contract terminated
After several months of delays and problems with closing the financial construction of the Pljevlja 2 project, the Montenegrin Government cancelled the agreement on strategic partnership with Czech based Škoda Praha. Škoda Praha failed to ensure the required 85% of financing through the Czech export bank. After trying to close the financial construction with the help of Bank of China and after selecting General Electric as the unit's EPC provider, Škoda Praha did not manage t
Pljevlja II facing legal challenges
Montenegrin NGO Green Home filed a lawsuit against the approval of the Environmental Impact Assessment (EIA) of the proposed Pljevlja II unit. Green Home argued a number of EIA's points, most notably with regard to emission limits. The Pljevlja II project already faced significant headwinds ranging from strong local opposition, environmental and feasibility concerns to difficulties in closing the financial construction of the investment. Source: Energetika #PljevljaII #Monten
Montenegro and A2A discussing EPCG
Montenegro and A2A are discussing terms regarding the operation of the Montenegrin main utility EPCG. Previous Partnership Agreement on running the firm ended in December and was used to set terms regarding the construction of TPP Pljevlja II and state control of the management. In addition, it also discussed arbitration and compensation issues between the two sides. According to SEEBiz, negotiations are close to finish with only the A2A buy-out clause of €250 million remaini
Škoda in effort to ensure TPP Pljevlja II
After failing to provide a financing arrangement for the new Pljevlja 2 unit through the Česká exportní banka (ČEB), Škoda Praha suggested Chinese-based Sinosure (China Export and Credit Insurance Corporation) as an alternative solution. Debt-to-equity ratio is reported to be 85/15. In addition, Škoda selected General Electric as a project partner during the EPC period. As reported by Vijesti, according to the pre-arranged dynamic, after a consensus has been reach between all
