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Montenegro
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Fortenova sells agri unit to Podravka for 333 mln euro
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Hifa-Oil joins Montenegrin power exchange

May 17, 2024, 2:22:18 PMArticle by Djordje Jajcanin
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May 17 (SeeNews) - The Montenegrin Power Exchange (MEPX) said that Podgorica-based Hifa-Oil has become its twenty-fourth member.

Hifa-Oil joins Montenegrin power exchange
Photo by Fre Sonneveld on Unsplash

Hifa-Oil is a subsidiary of Bosnia’s Hifa-Oil Tesanj which operates as the most important private distributor of oil derivatives in Bosnia and Herzegovina, MEPX said in a statement on Wednesday.

MEPX is a limited liability company founded by power utility Elektroprivreda Crne Gore (EPCG), transmission system operator Crnogorski Elektroprenosni Sistem (CGES) and the domestic power market operator COTEE in June 2017 under a Montenegrin government decision to establish and operate an organised electricity market in the country.

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