Montenegro’s biggest industrial producer KAP shuts down after energy price hike
Jan 2, 2022
Montenegro’s Uniprom has shut down the country’s sole aluminium smelter, KAP, with the procedure being completed by December 30, after it failed to reach an agreement on a new electricity price with power company EPCG, public broadcaster RTCG reported.
Uniprom warned earlier that it would close KAP as rising electricity prices make its production uneconomic. Uniprom’s owner...
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