Press release

Board of Directors of EPCG considered the report of Commitee for evaluation of bids for construction of the second block of TPP Pljevlja and accepted the Comittee's report in which it is stated that from 9 bids collected for construction of the second block, based on submitted economic-technical data, the most favorable one is the offer from ŠKODA PRAHA.

The BoD has concluded that the negotiations will be continued with this bidder related to all the elements of the future contract in case of realization of this investments. EPCG will in parallel continue the activities with the consultant UniCredit Milano, in order to find and choose the possible partner which would participate in the investment in the second block of TPP Pljevlja.

Company Škoda Praha offered construction of the second block with power of 254 MW and electricity efficiency 39,5% for the price of 338,5 mill euro while the annualy production of electriity would be 1.600 GWh. Also, the project envisages the thermal station for providing the energy which is the pre-condition for the project of district heating of Pljevlja. The new block will be in line with the best available technology (BAT), the best practice of european countries and environment protection according to all EU directives.