Montenegro state-owned electric power distribution company Elektroprivreda Crne Gore (EPCG) has opened a new tender to lease Zeljezara Niksic steel plant to preserve steel production at the plant, according to media reports. The lease period will be between 15 and 50 years. The bidding deadline expires on July 24.
The bidding company is obliged to present an investment plan, which should include existing production facilities, machinery and auxiliary equipment, as well as a production development plan to expand the production capacities, covering the first five years of the lease.
Zeljezara Niksic steel plant has an annual production capacity of 300,000 mt.