Pejović founded the company: Buyer of KAP Uniprom-Sahinler

Uniprom offered EUR 28 million for KAP's property and conditioned the offer on the electricity price of EUR 38 per megawatt hour (MWh) in the next five years.
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Veselin Pejović, Photo: Savo Prelević
Veselin Pejović, Photo: Savo Prelević
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.
Ažurirano: 10.06.2014. 06:38h

The contract for the purchase and sale of the property of the Aluminum Plant will be made official today. It will be signed by KAP bankruptcy administrator Veselin Perišić with the sole bidder, Unipro company owner Veselin Pejović, in Podgorica's Zija hotel, which is Pejović's.

On April 9, while the negotiations were ongoing, the company "KAP Uniprom - Sahinler" was registered in the Central Registry of Business Entities. The company's activity is aluminum production, the sole owner is Uniprom, and the executive director is Pejović.

The address of the company is Beogradska 10, where the Zija hotel is also located. Sahinler is Turkey's largest aluminum producer, which was mentioned as a possible partner for KAP.

Uniprom will get the property for 28 million euros. The first 15 million, as announced, will be paid immediately, and 13 million subsequently "in agreement with creditors".

When asked by "Vijesti" whether he received an answer from EPCG about his request for an electricity price of 38 euros per megawatt-hour and whether he would otherwise shut down Elektrolysis as he had announced, Pejović said that he did not intend to shut down Elektrolysis even though he did not have a favorable answer. from EPCG.

"In three or four days, I will receive new offers for the purchase of electricity," said Pejović.

The Russian CEAC, which managed KAP until bankruptcy, announced that the signing of the contract was three months late, counting from the acceptance of Pejović's offer on February 28. In the previous months, Uniprom negotiated intensively with electricity suppliers from the region.

Elektroprivreda did not agree to sell him electricity for five years at the requested price, and the shareholders of that company and CGES will make the final decision at the end of the month. From the Italian company A2A, which is a co-owner of EPCG, they unofficially requested 45 euros per megawatt-hour.

According to Pejović's first announcement, if the requested price is approved, he would retain about 300 of the current 720 workers, and otherwise only 150 workers. Uniprom's original business plan foresaw investments of 76 million by 2018, of which 20 million in the overhaul of the Electrolysis cells and 2009 million in the Alumina Factory, which has not been operating since 360. KAP, which owes about 2013 million, has been in bankruptcy since July XNUMX.

Citizens are still financing its production, after returning loans of around 137 million. The first tender for sale was announced at the beginning of December.

Uniprom then made the offer conditional, just like the current one. Along with electricity, he requested that KAP become the owner of the land with which the municipality is being sued, to be exempted from paying utility fees and for the government to pay severance pay to workers who will be made redundant. Everything was adopted, except for electricity prices.

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