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August 28, 2015 10:54 AM 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

Montenegro

Founded in 1910

2,754 Employees

Phone:

382 40 204 150

Fax:

382 40 212 178

Key Executives for Elektroprivreda Crne Gore AD Niksic

Chief Executive Officer
Age: 60
Chairman
Age: 44
Chief Financial Officer and Acting Director of Procurement and Warehouse Management
Director of Division for Legal and Director of Division for HR & General Affairs
Director of Division for Corporate Planning
Compensation as of Fiscal Year 2015.

Elektroprivreda Crne Gore AD Niksic Key Developments

Elektroprivreda Crne Gore Reports Production Results for the First Half of 2015

Elektroprivreda Crne Gore reported production results for the first half of 2015. The company reported electricity output rose 2.5% to 1,482 GWh in the first half of 2015. Electricity production rose on the back of the increased output of thermal power plant (TPP) Pljevlja, whose regular annual overhaul was shorter this year, as well as due to the higher output of hydro power plants (HPPs) Piva and Perucica.

Elektroprivreda Crne Gore Reports Earnings Results for the First Half of 2015; Provides Production Guidance for the Year 2015

Elektroprivreda Crne Gore reported earnings results for the first half of 2015. For the period, the company's net profit fell 14% to EUR 11.8 million($12.9 million) in the first half of 2015. Operating income decreased to EUR 118.2 million in the first half from EUR 118.6 million a year ago, The company plans to raise output to 3,159 GWh in 2015 from 3,036 GWh in 2014, operates around 870 MW of installed generation capacity.

EPCG to Distribute Dividend

Elektroprivreda Crne Gore (EPCG) announced that it will distribute around €35 million as dividend by reducing its capital. The dividend decision was approved at a shareholders assembly held on June 30, 2015.

Similar Private Companies By Industry

Company Name Region
Elektroprivreda Crne Gore AD Niksic Europe
Crnogorski Elektroprenosni Sistem AD Europe

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