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 […]
CGES seeks forecast services for wind power facilities
Montenegro’s government-controlled power transmission system operator Crnogorski Elektroprenosni Sistem a.d. (CGES) published a call for offers for installation and maintenance of a system for forecasting electricity generation of wind power plants Krnovo and Možura. The service is planned to be performed at the location of the supplier (host system) and includes providing data on registered […]
Feasibility Study Conclusions on a Regional 400 kV Electricity Interconnection
The Feasibility Study for the 400 kV Interconnection between Serbia, Montenegro, and Bosnia and Herzegovina has recently been completed, with the cooperation of the electricity system operators in all three countries (EMS, CGES, NOS and Elektroprenos) and the financial support of the European Commission under the WBIF Infrastructure Projects Facility, as well as that of […]
Electric power industry’s profit soared last year
CGES (Montenegrin Electrical Transmission System – Crnogorski elektroprenosni sistem) said its last year’s net income was EUR 12.4 million, 4.6 times more than the previous year, while the national power company EPCG’s (Elektroprivreda Crne Gore) profit was raised to EUR 34.77 million, 38% above the result from 2013. Both companies filed reports to Montenegro Stock […]