Montenegro’s CGES signs two more grid connection agreements for solar power plants
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
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
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
Elektromreža Srbije bought shares from small shareholders at the stock exchange for about EUR 7 million.
Submarine cable helps triple CGES’ electricity transit revenues
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
Energy companies in Montenegro plan to invest more than EUR 1 billion, of which EUR 734.6 million in the next four years, according to the third socio-economic package, adopted by the government to mitigate the coronavirus pandemic effects. The largest part of these investments will be implemented by state-owned companies Elektroprivreda Crne Gore (EPCG), Crnogorski […]
CGES earns EUR 3 million by auctioning capacity of submarine power cable
Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem (CGES) has earned EUR 3 million by auctioning the capacity of the undersea power cable between Montenegro and Italy. The electricity interconnector was put into operation in mid-November, and in December the Coordinated Auction Office in South East Europe (SEE CAO) has started the auction process for […]
Submarine power cable promotes Montenegro as energy hub for Balkans – Ferraris
The Montenegro-Italy submarine power cable has been deployed under an investment that will enable Montenegro to become an energy hub for the Balkan countries, said Terna CEO Luigi Ferraris, adding that the commencement of commercial use is planned by the end of the year. On the occasion of the successful completion of the 445-kilometer submarine […]
