The success of the Just Transition Plan, aimed at transforming the Pljevlja Coal Mine (RUP), hinges on securing additional financial support and partnerships, as stated by CEO Nemanja Laković.

Laković met with Ingve Engstrom, the Head of the Cooperation Department of the European Union Delegation to Montenegro, together with a team of investors and consultants, to discuss actionable steps for forming a partnership that would secure EU support for a just energy transition.

“We have formulated 12 specific business concepts, each complete with development plans and strategies. We enjoy backing from our owner, Elektroprivreda (EPCG), as well as strong ties with state institutions. However, we require specific mechanisms to facilitate further investment. Our objective is to secure initial funding that will enable these businesses to grow sustainably,” Laković explained.

He further clarified, as noted by RUP, that these ventures are designed for the long term and will create additional job opportunities in sustainable roles.

Laković highlighted the IT sector’s potential for growth in conjunction with the EU, pointing out that this area necessitates enhanced infrastructure and skilled human resources.

Engstrom expressed satisfaction with the progress of the collaboration and commended the presented Plan, noting that the region possesses significant potential for developing green energy solutions.

“The EU is supporting sectors such as IT, renewable energy, agribusiness, and transport. Over €80 million in additional funding is available for the green and just transition through the EU Growth Plan for the Western Balkans,” Engstrom stated.

According to him, successful outcomes will depend on linking initial state investments with EU funding, implementing training initiatives for personnel, further investment, and attracting new private investors.

“I believe there are many successful entrepreneurs among those who have moved away from Pljevlja, including in the diaspora, who could be engaged to support investment initiatives,” Engstrom added.

The participants of the meeting concurred on the necessity of forming a robust network of local partners, enhancing cooperation with investors, and streamlining administrative processes. The execution of the EU Growth Plan for the Western Balkans will be crucial, as its funds will complement existing resources aimed at enhancing the energy sector, workforce development, and the business climate.

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