Privatization and Investments Upcoming Tender
Chinese Want to Build the Second Block of the Thermo Power Plant The second block of the Thermo Power Plant Pljevlja is to be built by Chinese companies. This project is designed to be a joint venture of Montenegro and China and includes the construction of the second block of the thermo power plant and the extension of the Coal Mine capacities. The project is worth €330 million, which is a €190 million higher than predicted by the Strategy for Energy Development until 2025, according to which the construction of the second block should be completed by the end of the next year. The Expert team from Chinese company China Gezhouba Group International Engineering Co. Ltd visited coal mine and TPP Pljevlja and Maoce pit, with the aim of informing about the basic technical and exploitation performances of the terrain and their specificity. The team expressed readiness to start the operational process of the project, through collection of data for development of the Feasibility Study and Project proposal, which will be the basis for further negotiations between the Government of Montenegro and Chinese companies. Source: Government of Montenegro
Open Tenders
Request for Expressions of Interest for the Sale of the Container Terminal and General Cargo at Bar The Government of Montenegro has decided to privatize the Container Terminal and General Cargo, a joint-stock company at the port of Bar (CTGC), to sell its state shares (62%) and to give CTGC a concession for the use of port area. With this privatization initiative, the government aims to develop its port sector and to generate additional economic activity. The privatization has been supported by EBRD, the European Bank for Reconstruction and Development. The Government of Montenegro, through the Ministry of Transport and Maritime Affairs, has invited prospective bidders to submit expressions of interest in purchasing government shares in CTGC. Prospective bidders must submit qualification documents by 1 August, 2012, before 16:00 p.m. Source: Government of Montenegro
Tender for the Construction of a New Tobacco Plant “Novi Duvanski Kombinat” (New tobacco company) a joint stock company based in Podgorica, announced a public invitation for the selection of a main contractor to carry out “turn-key” construction work for building a new plant. The shareholders of Novi Duvanski Kombinat are the Government of Montenegro and the Capital City of Podgorica. The core business of the joint stock company is to purchase, produce and sell tobacco and tobacco products. Any interested local or foreign entity, as well as any consortium, may participate in the tender process. The deadline for the submission of bids is 2 August, 2012, 16:00 (local time). The deadline for completing construction work is 28 February, 2013. Source: www.noviduvanski.me
Closed Tenders
Single Bid for the Privatization of Zora Dairy
The Second Attempt of the Sale of Ulcinj Saltworks Failed
The Montenegrin firm, Simsic Montmilk, has filed the only bid in the tender process for the privatization of the Berane-based dairy company, Zora. Simsic Montmilk has offered to pay €250,000 ($307,500) for Zora Dairy and to invest as much again in the business over a five-year period. The company has also agreed to assume all of Zora's obligations. During the following 15 days, the tender commission will review the offer and come up with a recommendation. The Privatization and Capital Investment Council has launched a call to invite both local and foreign investors to submit bids for a 99.56% stake in the Berane-based Zora Dairy. The potential buyer has been offered 582,560 shares of the Berane company which is owned by the Government of Montenegro.
The public auction for the sale of “Bajo Sekulić” Saltworks in Montenegro under starting price of €232 million has failed since there were no interested bidders. This is the second attempt of the sale with no bidders to apply. The bankruptcy proceedings have been started, total debt of the company amounts €3 million, out of which €1.7 million refers to credits, and electricity debt is €300.000, while the rest goes on receivables of suppliers and employees. In the meantime, the Parliament of Montenegro adopted a new Spatial Plan, which re-zoned the grounds of the Ulcinj Saltworks into land designated for tourist accommodations. This was followed by the loss of concession for salt exploitation this year.
Source: Government of Montenegro
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Source: Government of Montenegro