The Ministry of Energy in Montenegro announced that Rudnik Uglja, a domestic mining company, has agreed to provide coal directly to the Serbian power utility EPS to reduce costs associated with third-party involvement, intermediaries, and potential manipulation in the procurement of coal.
According to a statement from Montenegro’s energy ministry, the agreement was reached after a meeting between the energy minister, Sasa Mujovic, and the executive director of EPS, Dusan Zivkovic.
The commencement of the new supply agreement will coincide with the conclusion of all current supply contracts, as per the official announcement.
Rudnik Uglja, located in Pljevlja, is a coal mining company that is controlled by Elektroprivreda Crne Gore (EPCG), the state-owned power utility of Montenegro. The primary customer of Rudnik Uglja is the thermal power plant situated in Pljevlja, which is also owned by EPCG.
