Electricity

CEDIS invests EUR 78 million in electricity distribution network

Photo: CEDIS

Published

September 21, 2017

Country

Comments

0

Share

Published:

September 21, 2017

Country:

Comments:

0

Share

Montenegrin Power Distribution System (CEDIS), which operates as distribution system operator, will invest EUR 78 million in the development and maintenance of the electricity distribution network in the country in the next three years, Montenegrin media reported.

According to three-year investment plan, CEDIS will continue the installation of smart electric meters, the construction of new electricity facilities, the reconstruction of the distribution network, as well as the optimization of the labour force and trainings for employees.

In the upcoming period, CEDIS employees will mostly work in Ulcinj and Herceg Novi, due to the growing electricity demand in these areas caused by the construction of a large number of tourist and residential-business facilities, the company representatives told Dnevne Novine.

“In September, the construction of the 35/10 kV Novi Ulcinj transmission substation will start. The project worths more than EUR 2 million. The works on the 35 kV cable line from the 35/10 kV Kumbor substation to the new 35/10 kV Klinci substation have been completed, including installation of the 1,000 km long submarine section of the cable,” CEDIS stated.

Founded last year

As an independent company, CEDIS was founded at the end of June last year. It was formally separated from the parent company Elektroprivreda Crne Gore (EPCG), which still owns 100 percent of CEDIS shares.

The company representative reminded that the establishment of CEDIS represents an act of the Montenegrin state done with the aim to harmonize with the EU directive and added that domestic regulations have been also aligned with it, i.e. the Energy Law. Directive prescribes that activity of the electricity distribution system operator is performed only by the independent legal entity which does not perform any other energy activities.

CEDIS distributes electricity to 370,000 consumers in Montenegro and has more than 1,300 employees.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid

Greece joins European Single Intraday Coupling sidc

Greece joins European Single Intraday Coupling

01 December 2022 - Intraday markets of 25 European countries are now united and the integration has been completed.

PPC Renewables picks Terna biggest solar power plant in Greece

PPC Renewables picks Terna to build biggest solar power plant in Greece

01 December 2022 - The GEK Terna conglomerate gave the best offer for the construction of a 550 MW photovoltaic plant in northern Greece