News

Lastva substation’s preparatory works commenced, CGES says

Published

April 22, 2015

Comments

comments icon

0

Share

Published:

April 22, 2015

Comments:

comments icon

0

Share

A project worth EUR 23 million for the substation in Lastva Grbaljska has started, CGES (Montenegrin Electrical Transmission System) told Vijesti daily paper. The transmission system is part of the undersea cable connection between Italy and Montenegro. The substation, financed by majority state-owned CGES, is expected to be connected to the grid before the end of next year, the report said. As for the line to Pljevlja, this part of the investment will be returned through the transmission fee.

The undersea line shall be operable in 2018, Italian company Terna’s CEO Giovanni Armani said on March 28, Cdm.me portal reported. He added there were plans to lay another cable and connect Italy with France by 2019.

Related Articles

iea report electricity prices

US electricity prices soar 40% in H1 2025, outpacing EU’s 30% increase

01 August 2025 - The penetration of negative prices in EU continues, with their share doubling in H1 2025, according to IEA's latest report

KKR Greenvolt EUR 150 million capital boost

KKR to provide Greenvolt with EUR 150 million capital boost

01 August 2025 - Greenvolt Group said its majority owner KKR fully subscribed to a EUR 150 million share capital increase, with a focus on battery investments

bulgaria apste solar panels batteries fees recycling prices gazdov

APSTE: High state fees for PV panels, energy storage batteries inhibit electricity price decrease in Bulgaria

01 August 2025 - The government's fees are between five and 10 times higher than the European Union average, according to APSTE

Serbia adopts Just Energy Transition Plan until 2030

Serbia adopts Just Energy Transition Plan until 2030

01 August 2025 - Serbia now has a Just Energy Transition Plan until 2030, with suggestions how to mitigate of the impact of reducing fossil fuel use