CGES
Montenegro’s CGES signs two more grid connection agreements for solar power plants
08 August 2023 - In mid-June, TSO CGES inked its first grid connection agreement for a solar power project. The three facilities are planned at over 1,000 MW in combined capacity.
Albania, Montenegro agree to install another electricity interconnection
10 March 2023 - The TSOs of Albania and Montenegro – OST and CGES – plan to reconstruct a high-voltage power line and install another one
Ivan Asanović takes helm of Montenegro’s transmission system operator
24 September 2021 - Ivan Asanović, an electrical engineer, has been appointed as acting executive director of Montenegro's transmission system operator.
Serbia’s TSO EMS acquires 5% of shares of Montenegrin TSO CGES
12 January 2021 - Elektromreža Srbije bought shares from small shareholders at the stock exchange for about EUR 7 million.
Submarine cable helps triple CGES’ electricity transit revenues
05 January 2021 - Montenegrin TSO pulled in EUR 11.6 million in revenues in 2020 from the commercial use of the power link between Montenegro and Italy.
Energy companies in Montenegro to invest EUR 734 million by 2024, EUR 1 billion in total
27 July 2020 - Energy companies in Montenegro plan to invest more than EUR 1 billion, of which EUR...
CGES earns EUR 3 million by auctioning capacity of submarine power cable
13 January 2020 - Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem (CGES) has earned EUR 3 million by...
Submarine power cable promotes Montenegro as energy hub for Balkans – Ferraris
05 July 2019 - The Montenegro-Italy submarine power cable has been deployed under an investment that will enable Montenegro...
SEE CAO appoints Ivan Bulatović as new executive director
13 May 2019 - Coordination Auction Office in South East Europe (SEE CAO) has appointed Ivan Bulatović as the...
CGES to pay dividend from retained earnings from previous years
04 January 2019 - Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem’s (CGES) shareholder assembly has backed a EUR...
CGES, KfW sign EUR 20 million loan agreement for Luštica transmission project
01 November 2018 - Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem (CGES) and German development bank KfW have...
Energy Community backs certification of transmission system operator CGES
06 March 2018 - The Energy Community Secretariat supports the certification of the Montenegrin transmission system operator Crnogorski Elektroprenosni...
Montenegro to buy part of transmission network from Krnovo wind farm
28 February 2018 - The Government of Montenegro has decided to purchase a part of the power transmission infrastructure...
UPDATE: Montenegro’s MEPX to start trading electricity by the end of this year
29 January 2018 - Trading at the Montenegrin Power Exchange (MEPX) should begin by the end of this year...
Dragan Kujović new Executive Director of Montenegrin TSO CGES
18 December 2017 - An extraordinary Shareholders Assembly of Montenegro’s state-owned utility Crnogorski elektroprenosni sistem (CGES) elected Dragan Kujović as Executive...
Igor Noveljić appointed new executive director of Montenegrin power company EPCG
21 July 2017 - Former State Secretary at the Ministry of Economy of Montenegro Igor Noveljić has been appointed...