News

CGES invested EUR 42 million in electricity grid

Published

February 8, 2016

Comments

0

Share

Published:

February 8, 2016

Comments:

0

Share

The interest of regional and international companies in Montenegrin Power Transmission System (CGES) is an important indicator of the company’s quality and its position in the overall market, the Ministry of Economy told Dnevne novine newspaper. The company has so far invested over EUR 42 million in the local grid, Mina-Business reported. Ministry adds great interest in the company may be attributed to the strong investment cycle which began in 2011, and especially the project of electricity interconnection between Montenegro and Italy via submarine power cable.

The project will connect the national grid with the Western European electricity market and provide more reliable distribution to consumers and many other benefits, explained the ministry. The 400 kV power line Lastva–Pljevlja and substation Lastva is part of the project. One of the most demanding projects was the construction of 400 kV transmission line Podgorica–Tirana to improve the connection with Albania, and also within the second zone of the Union for the Co-ordination of Transmission of Electricity (UCTE), the article said. CGES invested EUR 11 million, accompanied by construction of substation Podgorica 5, worth almost EUR 2 million.

The Virpazar waterworks was supplied with a 110/35 kV facility of 2×20 megavolt-amperes, fit into transmission network by connecting to the 110 kV power line Podgorica–Bar. The project improved power supply in Virpazar and Zeta. The investment was EUR 2.77 million, the ministry said. CGES expanded the substation in Andrijevica, in the country’s north, with an investment of EUR 1.78 million.

Related Articles

coal-power-generation-eu

Fossil fuels returned as top energy source in EU power generation in 2021

01 July 2022 - Among renewable sources, the biggest increase in 2021 was seen in electricity produced from solar energy, 13%,

Floating wind farm project unites fishermen, investors in Ireland

01 July 2022 - A joint 2 GW floating wind farm project is the first cooperation in the world between the two opposing sectors.

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.

net-loss-eps-q1

Serbia’s power utility EPS posts Q1 net loss of EUR 254 million

30 June 2022 - The state-owned power utility is blaming the poor result on a drop in output, electricity imports, and capped prices for end-consumers