Economic and financial expert Srđan Pupovac will determine the damage and loss of profit that the state potentially caused to the company "Hydra" during the construction of two small hydropower plants (mHe) on the Bukovica river near Šavnik, which is why they are suing in the Commercial Court.
Judge Vladimir Bulatović said at today's hearing that the case files are still with the expert, which is why he scheduled the continuation of the dispute for April 26. The work of the expert witness in this dispute was previously performed by Rade Šćekić, who has since been excused from the proceedings.
In October 2018, "Hydra" received building permits for the construction of two mHe on the Bukovica river, the investment of which was estimated at 9,2 million euros. The consortium consists of four companies that filed the lawsuit: "Hydra", "IMP", "Igma Energy" and "Hydra MNE", whose owners are Milovan Maksimović, the brother of Milo Đukanović, his partner Jovan Gordijan and Igor Mašović.
They are seeking compensation in the amount of three million euros, the amount they have invested so far, as they claim, as well as lost profits and other costs that will be determined by experts.
In October 2019, this consortium complained to the Government that it had problems with the local population who opposed the construction, after which the Government tasked the then Ministry of Economy to start negotiations with this concessionaire on the mutual termination of the contract. However, the concessionaire refused to conclude the annex, so he still had the obligation to respect the previous contract.
The deadline for the completion of the construction expired on October 26, 2021, which they did not fulfill, but the day after that, they filed a request for termination of the contract at the expense of the state and a lawsuit through a lawyer. In the meantime, the Government of Zdravko Krivokapić unilaterally terminated the contract with them at the beginning of that year, which Hydra did not legally accept.
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