The operations of Elektroprivreda will remain a secret until March 31, when we will know whether the claims of URE leader Dritan Abazović that the largest Montenegrin exporter had a much worse result compared to 2023 are justified.
Only EPCG and their Thermal Power Plant in Pljevlja did not respond to TV Vijesti's questions about business, which were sent to energy companies.
Of the others, only Rudnik Uglja boasted the best financial result for last year within the EPCG group. The Pljevlja-based company achieved around 15 million euros in profit. At the beginning of last year, Rudnik had over 1.300 employees, 300 of whom were on fixed-term contracts.
"At the end of 2024, we adopted a new systematization and analyzed each job position in detail in accordance with the company's real needs, clearly defining the tasks, responsibilities and competencies of each employee. Thus, we ended last year with about 100 fewer employees compared to 2023," they say from the Coal Mine.
However, Rudnik faces a difficult year ahead, during which they will reconstruct the Thermal Power Plant and relocate the Ćehotina River bed.
The steel mill, which was among the last to become a member of the EPCG group, and which now mainly deals with the production of structures and blocks for solar power plants, operated last year with a loss of 2,1 million euros, which is a better result than in 2023, when they were in the red by 3,5 million. Due to retirements, they entered this year with 249 employees, which is 40 fewer than at the end of 2023.
Apart from saying they are satisfied, Solar Gradnja does not provide data on its business. They boasted of installing 3.363 systems with a total installed capacity of 27 megawatts (MW). That is about a thousand more systems in 2023, or almost five megawatts more. They reduced the number of employees by 60 in the previous year, to 490, of which about 400 work on a fixed-term basis. They spent 5,4 million on salaries last year, which is about 406 thousand less than in 2023.
The Montenegrin Electricity Distribution System (CEDIS) has also reduced the number of employees.
"The number of employees at the end of 2024 was 1.753, or 24 employees less than in the same period of the previous year. 37,5 million euros were allocated for salaries and benefits, or 0,6 million euros more than in the previous year," the company said.
CEDIS claims that they did well last year, but they don't say how much. The company, which distributes electricity, had a net income of almost 80 million last year, a million more than in 2023.
The only one among the aforementioned companies that is not a member of the EPCG group, the Montenegrin Transmission System (CGES), announced in its results for last year that it had 340 employees, an increase compared to 2009 when there were 316.
Proud or not, all companies are obliged to publish their results in two weeks. Then we will know whether EPCG, as Abazović claims, had a business collapse last year.
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