RTCG – Radio Television of Montenegro

Published by M.L.B.

[ Mina business

In 2017.

Recipes from Elektroprivreda Crne Gore (EPCG) the previous year rose to 234.35 million euros, and they are up from 0 , 85% compared to the previous one,

EPCG Board of Directors today approved the company's decisions on the operations and consolidated financial statements of the company as at December 31st.

"EPCG (EPCG, CEDIS, ZETA Energy and EPCG Belgrade) have operated in the economic environment with challenges The poor hydrometeorological conditions have caused poor water storage capacity during the course of the year. This year, which directly affected the smaller ones. "Last year's operating revenues rose to 234.35 million euros, and they were higher than 0.85% compared to According to the report, profit before interest, taxes, depreciation and amortization (EBITDA) of 23 million euros realized last year is 65.07% lower than that of 2016, while that earnings before interest and taxes (EBIT) of -15.75 million euros was 243.42% lower compared to the same period of the previous year.

"The total electricity production achieved the previous year was 2.190 GWh (26 less than in 2016), of which 925 GWh was produced in hydroelectric plants (47% less than In 2016), while 1,265 GWh produced a Pljevlja thermal power plant (4% more than in 2016) ",

It is reported that domestic electricity imports have reached 1,182 GWh, or 57% more than in 2016, and total electricity consumption in the previous year was 9% higher than the same period last year . was 3.152 GWh.

The capital endowments for the past year amounted to 27.67 million euros, but, according to EPCG, significant efforts are made to optimize the availability of facilities, modernize and rebuild facilities, reduce losses on the distribution network and reduce costs.

"All this with the aim of improving the security of consumer supply and the stability and sustainability of the country's electricity system," the statement added.

The Council also found proposals to cover the losses of the previous year. "The members of the committee have made proposals for decisions on the purchase of their own shares and the selection of the auditors, as well as the decision on the convening of the ordinary general meeting of August 20, during the from which the proposed decisions will be taken and the Board of Directors, "the statement said.