Core activity

Production and supply of electricity are the main activities of Montenegrin Electric Enterprise AD Niksic (EPCG).

The Company’s energy activities are prescribed by the Energy Law, energy licenses and Statute of EPCG.

Activities carried out by the Company are the following:

  • electricity generation,
  • electricity supply,
  • electricity trading,
  • construction and maintenance of electric power facilities,
  • designing and supervision, and
  • other activities prescribed by the Statute of EPCG.

By carrying out core activities, EPCG ensures regular and quality supply of the customers at the demanded voltage levels - safe and stable electricity supply to the Montenegrin population and economy.

Elektroprivreda Crne Gore AD Nikšić possesses plants for electricity generation of the total installed capacity of 874 MW, whereof 649 MW (74.3%) referes to hydro power plants Perućica and Piva, while 225 MW (25.7%) refers to thermal power plant Pljevlja.

All shares of the Company are ordinary and are kept in dematerialized form.

Nominal value of a share amounts to € 6.52.

The Company’s ownership structure:

The Company’s ownership structure

Shareholders In Register In Depositary Share (%)
State of Montenegro - - 88,1221
ELektroprivreda Crne Gore A.D. Nikšić - - 10,0000
A2A - -   0,5391
Others - -   1,3388
Total shares 118.132.402   100


Company HQ address:

Montenegrin Electric Enterprise

street Vuka Karadzica no. 2;

81400 Niksic;


Other information

PIB: 02002230;

PDV: 20/31-00112-1