March 25, 2017 3:46 PM ET

Electric Utilities

Company Overview of Elektroprivreda Crne Gore AD Niksic

Company Overview

Elektroprivreda Crne Gore AD Niksic is engaged in the generation, trade, distribution, and supply of electricity in Montenegro. It operates hydro and thermal power plants. The company also engages in the construction and maintenance of electric power facilities; and designing, supervision, and other activities. It serves household and industrial customers. The company was founded in 1910 and is based in Niksic, Montenegro.

street Vuka Karadzica no. 2

Niksic,  81400


Founded in 1910

2,850 Employees


382 40 204 150


382 40 212 178

Key Executives for Elektroprivreda Crne Gore AD Niksic

Chief Executive Officer
Chief Financial Officer
Director of Division for Corporate Planning
Head of Center for Information Telecommunication Technologies
Compensation as of Fiscal Year 2016.

Elektroprivreda Crne Gore AD Niksic Key Developments

Elektroprivreda Crne Gore Mulls Buying Stake In Bosnian Peer Elektroprivreda RS

Elektroprivreda Crne Gore AD Niksic reportedly plans to expand in the region by purchasing a stake in the power utility of Bosnia's Serb Republic, Elektroprivreda RS. Serbia's government has put together a team to analyse the feasibility of acquiring power distributors in neighboring countries, including ERS and Montenegro's Elektroprivreda Crne Gore.

EPCG To Acquire Stake In Rudnik Uglja

Elektroprivreda Crne Gore AD Niksic said on January 31, 2017, that it is in talks to acquire Rudnik Uglja coal mine in order to improve synergies in the country's energy sector. As reported by news outlet CDM, Elektroprivreda Crne Gore AD Niksic will acquire 39.5% stake from A2A S.p.A. (BIT:A2A) and 11.8% stake from Aco Djukanovic in Rudnik Uglja. Both shareholders have reportedly offered to sell their stakes to the power firm.

Elektroprivreda Crne Gore Appoints Tonino Maglio as New Executive Director

Elektroprivreda Crne Gore announced it has appointed Tonino Maglio as its new executive director after his predecessor resigned from the post. Stefano Pastori resigned as EPCG's executive director due to health problems after being appointed at the head of the company in November 2013. Prior to coming to EPCG, Maglio was executive director of Brindisi - Edipower power plant owned by Italy's A2A, also the owner of a 41.75% stake in the Montenegrin co.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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