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 remaining a concern for the Government. At present, current shares are at around 57/41 in Montenegro's favour.