The Parliament adopted today the decision on accepting the Contract on Execution of the Path Option reach between Montenegro and Italian company A2A.
Minister of Economy, Dragica sekulić, said that this contract was a reprogram of the Path Option.
“Instead of paying 35,7 million EUR every year, we’ve created conditions to pay this Path Option in four parts in the next two years, partly from the Government’s budget and partly from the funds of the Electricity Power Industry”, said Sekulić.
According to her, this way the country is bringing its ownership share in the Electric Power Industry back to the level it had before the partial privatization from 2009.
Sekulić pointed out that this new contract enables three times faster realization of the termination clause. It also avoids the long-term presence of a potentially disagreeing shareholder.
“Additionally, the new contract will save around 20 million EUR, which is 8% of the initially agreed Path option”, said Sekulić.
Members of the Democratic Party of Socialists, Nikola Rakočević and Predrag Sekulić both think that this will be a very beneficial job for Montenegro.
Independent Member of Parliament, Aleksandar Damjanović,said that there’s no doubt that Montenegro needs dominant ownership in the EPCG and Coal mine, but the model of achieving this is debatable.
“In my opinion, this could have cost less, if there had been will…and brains”, said Damjanović.
