Insight view

At the
end of the 80s KAP
employed up to
5,300
people, while the plan of
new owner is to keep
300
people
10 YEARS OF INDEPENDENCE - INSIGHT VIEW
KAP was sold again in 2014 for 28 million euros to Uniprom
from Nikšić, whose owner is Veselin Pajović, although its primary
estimated value was more than 50 million euros.
Uniprom declared the condition that the price of electricity
should not be more than 38 euros per megawatt hour,
with the transfer costs, and that this should not be
changed in the next five years. According to some media
statements, only in 2013, five criminal charges were filed
against Pejović for threatening attempts and extortion.
At the time of the Russian management of the company,
almost four months, with the assistance of Montenegrin
electric transmission system, KAP illegally used the electricity
from the European interconnection. This happened because Electric
Enterprise (EPCG) stopped electricity supplying because of the debt of 44 million euros. Theft
of electricity cost Montenegro almost seven million euros. Besides this, it cost Montenegro its international
reputation because the Energy Community indicated that such treatment was “the
real crime that has not happened since the Second World War.”
In the last Resolution on Montenegro (March 2016), the European Commission “encourages
initiating of full and independent financial audit of KAP, since the moment when it was taken
over by CEAC until today.” 7
Photo: www.vijesti.me
“Privatization of the century” as representatives from the executive power named selling of this company in
2005, soon became a nightmare of all Montenegrin citizens
7
http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P8-TA-2016-0092
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