December 3 (SeeNews) - Montenegrin state-controlled power utility Elektroprivreda Crne Gore (EPCG) [MNG:EPCG] plans to invest 60 million euro ($68.2 million) in ecological improvements by 2023, the director of the plant, Vladimir Sestovic, said.
The investments will be made in the overhaul of Pljevlja thermal power plant (TPP) and in the recultivation of the Maljevac ash and slag landfill, Sestovic said in the latest edition of the corporate magazine of EPCG, posted on the company's corporate website.
Earlier this year, EPCG said it plans to invest 19 million euro in the recultivation of Maljevac between 2018 and 2023, in order to enable the operation of the landfill during the entire lifecycle of the first block of Pljevlja TPP and envisages the storage of waste in cassettes until the final remediation of the site.
EPCG signed in March a contract worth 664,260 euro ($823,776) for the drafting of a preliminary design project for the reconstruction of Pljevlja TPP with Germany's Steag Energy Services.
In December 2017, Montenegro's government said it plans to complete a project for modernisation of Pljevlja by 2021, in order to avoid the closure of the plant. The power plant has a utility life of 20,000 hours in the period between January 1, 2018, and December 31, 2023.
($ = 0.8799 euro)