Montenegro’s TSO CGES achieves EUR 25 million profit in 2024
Implementation of crucial infrastructure projects, investments in new technologies, and improvement of work processes were the decisive factors for the success
Montenegro’s EPCG, DSO, TSO to establish Consolidated Data Center
Three key companies in the electricity sector of Montenegro - EPCG, DSO CEDIS and TSO CGES - have signed a letter of intent for the Consolidated Data Center
ENTSO-E publishes final report on Balkans blackout in summer 2024
The blackout left Bosnia and Herzegovina, Albania, Montenegro, and parts of Croatia without power supply for three hours
Qair signs grid connection agreement for solar project in Montenegro
An agreement for the Rudine PV projects was signed Ivan Asanović, CEO of CGES, and Stefan Klikovac, a representative of Qair Montenegro
Montenegro signs EUR 50 million loan agreement with France’s AFD
AFD will support Montenegro's reforms in waste management, renewable energy, sustainable forestry, and climate action
Overgrown vegetation caused Balkans blackout on June 21
ENTSO-E published an interim-factual report describing the system conditions before the event and its timeline
Montenegro’s CGES to return EUR 35 million to electricity consumers due to excess revenue
About EUR 9.5 million will be returned through reduced bills during 2025, and the rest will follow in subsequent years
Major solar power projects lining up for permits in Montenegro
Investors are submitting another wave of applications to Montenegrin authorities for permits for major solar power projects
