Source: National Broadcasting Corporation of Montenegro

"It also means not only improvement of primary production in KAP, but also the opening of a number of manufacturing plants that will lead to the production of semi-finished products. In this way we will get not only someone who exported raw material, but someone exported a number of semi-finished products from Montenegro Montenegro ", said minister Sekulic.

Today the owner of the Uniprom holding Veselin Pejovic and general manager in Uniprom-KAP Nebojsa Dozic have visited electrolysis B, the plant in course of overhaul, as well as a restaurant, which is under reconstruction for the needs of workers, it was announced from the Ministry of Economy.

"Uniprom-KAP's factory operating on market principles, employs a large number of people who receive regular salaries for them, regularly pays taxes and contributions to the State and, finally, does not depend on public sector’s help in terms of providing means to subsidize energy-related expenses," said Pejovic to Minister Sekulic.

The opening of two new factories, according to the him, is directly related to new job creation.

"These two new factories should provide between 300 and 400 new jobs," said Pejovic.

He added that about 200 firms are associated with KAP, and that two largest companies with which they cooperate are Luka Bar and Montekargo from Podgorica.

"Current production in KAP is around 3,200 tons per month. By August we plan to finish the overhaul of Electrolysis B, so that we will have in August production of around 5,200 tons per month," said Pejovic.

He reminded the Minister Sekulic that the company Uniprom, since joining the KAP, until March 2016, purchased the entire electricity from Elektroprivreda Crne Gore (EPCG), and that since March last until March of this year have a signed contract with the Czech company.

"From July 2014 to March 2016, we have paid to EPCG 55 million euros. The contract with the Czech company is agreed in March this year and on the basis of this contract effect the import of electricity shall exceed 30 million euros," said Pejovic.

He stressed that Uniprom-KAP wants to extend cooperation with EPCG, if EPCG will have an interest in cooperation; otherwise, the company will continue to import the electricity.

"It would be normal to create environment for the foreign currency assets to remain in Montenegro, because with 30 million euros, which is now given for the import of electricity and so called outflow of foreign exchange from Montenegro, we can create product for the export of 130 million euros," concluded Pejovic.


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