PODGORICA (Montenegro), April 4 (SeeNews) – Montenegrin oil products distributor Jugopetrol [MNG:JGPK] has said it plans to build the first electric vehicle charging station in the country in 2018.
The company plans to install an electric vehicle charger at one of its filling stations this year and a further two in 2019, Jugopetrol said in its 2017 annual report published on the website of the Montenegro Stock Exchange.
"In Montenegro, there are no such devices at present and Jugopetrol aims to be a pioneer in supporting the expansion of the use of electrically powered vehicles," Jugopetrol said.
The company also intends to complete a project for the reconstruction of a Jet A-1 aviation fuel storage facility to expand its capacity in the second quarter of 2018.
Jugopetrol posted a net profit of 7.6 million euro ($9.3 million) in 2017, up 51.7%, while revenue went up 16.5% to 135.1 million euro last year.
($ = 0.814193 euro)