Sekulić: Montenegro takes steps towards establishing power exchange
Three leading companies in the Montenegrin power system have taken steps towards establishing a power exchange in the country, Minister of Economy of Montenegro Dragica Sekulic announced. Elektroprivreda Crne Gore (EPCG), national power utility company of Montenegro, Montenegro Electricity Market Operator (COTEE) and Montenegrin Power Transmission System (CGES), as founders, have already undertaken certain activities in […]
Power production and distribution companies in the Balkan region – governments still in charge
By Vladimir Spasić, energy journalist and analyst It is not just that the governments in the Balkan region do not consider selling their power utilities, but they covet buying what they sold twenty years ago, or at least buying from their neighbors. This can be illustrated by the announcement of Serbian power utility Eletkroprivreda Srbije (EPS) […]
Montenegro finishes laying its part of underwater power cable with Italy
Montenegro has finished laying its part of the underwater power cable with Italy. The operation ended near the cape of Jaz, where a substation is being built. Montenegro is set to become a regional hub for transfer of electricity between Western Europe and Western Balkans, once the entire project is finished in 2018. The laying […]
Montenegro to establish power exchange
The Government of Montenegro has adopted a plan for establishing Montenegrin power exchange in 2017 by local companies COTEE, CGES and EPCG. The plan of the Montenegro Electricity Market Operator (COTEE) for the next year, accepted by the Government, states that the company is authorised to conclude the contract with the Montenegrin Power Transmission System (CGES) and Montenegrin […]
Works on Montenegro-Italy power cable starts in Montenegro
Building of 400 kV underwater power cable between Montenegro and Italy has just started from Montenegrin side with an official ceremony held in Jaz Cape, located between towns of Budva and Kotor. The cable will be built by Italian electricity transmission company Terna and Montenegrin Electric Power Transmission (CGES). Once the underwater power cable is […]
Terna gets building permit for undersea cable
The Ministry of Sustainable Development and Tourism issued a building permit to company Terna Crna Gora d.o.o. for the installation of an undersea power cable through Montenegrin territory. The building permit is issued for setting up the 500 kV high voltage, direct current (HVDC) submarine and underground cable for electricity transmission in the section through […]
Contract for Trans-Balkan Electricity Corridor signed
Minister of Economy Vladimir Kavarić said good energy connectivity is necessary for future investments in the energy sector and free flow of energy through the country. That brings Montenegro financial and strategic benefits, he added at a press conference about the construction of the Trans-Balkan Electricity Corridor – Section Montenegro, funded by the European Union […]
Italy to use Montenegro as bridge to Balkans energy market
Connecting Italy and Montenegro by a submarine power cable is a priority for Terna SpA, company’s chief executive Matteo del Fante said. In a statement carried by Dnevne novine, he also marked the Balkan country as a bridge that will allow Italy to enter the Balkans energy market. The focus of the Italian company in […]