Montenegro's non-government organisation MANS seeks investigation in EPCG.

By bne IntelliNews January 17, 2012
Montenegro's non-government organisation MANS has requested public prosecutor and the law enforcement to address the recent case of electricity price hike, according to a statement published on the website of MANS. The organisation calls for launch of investigations into Montenegro's power utility Elektroprivreda Crne Gore (EPCG), which has been accused of acting against citizens' interests and covering losses on the back of its clients. MANS has accused EPCG and its strategic partner in corruption and misuse of money, that was otherwise meant for investments. We remind that in December 2011 the energy regulator decided to raise the average price for electricity in Montenegro by an average of 6.13% as of January 1, 2012. In November 2011, EPCG requested a correction of approved revenue due to losses incurred by the utility from higher expenses for coal and purchase of electric energy from small hydropower plants, as well as more expensive electricity imports.
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