Đurković: Electricity production in the first quarter was 25,4 percent higher than planned, no price adjustments are planned this year

The positive balance in electricity trade in the first quarter amounted to 48 million euros, and the preliminary business result for the quarter is expected to be more than 35 million euros, said the technical director of Elektroprivreda.

3172 views 3 comment(s)
Ljubiša Đurković, Photo: Printscreen YouTube
Ljubiša Đurković, Photo: Printscreen YouTube
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Last year, the Electric Power Company of Montenegro operated with a negative result of over 90 million euros, due to the eight-month shutdown of the Pljevlja Thermal Power Plant and reduced production from hydroelectric power plants due to the unfavorable hydrological situation. However, in the first quarter - as the technical director of the Electric Power Company, Ljubiša Đurković, said in Boje jutra, production was 25,4 percent higher than planned.

The positive balance in electricity trade in the first quarter amounts to 48 million euros, and the preliminary business result for the quarter is expected to be more than 35 million euros.

The price of electricity for citizens has remained unchanged since 2019, while no correction is planned for this year.

Lower electricity imports are also expected during the year thanks to higher production and new capacities, while work is underway on battery storage projects and connecting hydropower reservoirs to better utilize water and increase production, said Đurković.

See more: