Montenegrin state-owned power utility Elektroprivreda Crne Gore (EPCG) has reached an agreement with Turkey’s Tosçelik to buy steelworks Željezara Nikšić, where it intends to set up a firm that will not produce steel but operate in the solar sector.
EPCG’s board chairman, Milutin Đukanović, said EPCG will establish a subsidiary called Željezara solar Nikšić, with plans to open a technology center that will support the solar industry. He also said EPCG hopes to develop a business plan for the production of solar panels in Nikšić.
Đukanović: EPCG hopes that solar panels will be produced in Nikšić
According to previous reports, the Nikšić steelworks had a plan to build a solar power plant to produce energy for its own needs.
Đukanović said earlier that EPCG’s business philosophy was to build solar power plants in the vicinity of its…
Power utility EPCG to buy Nikšić steelworks, set up solar energy firm
