Crnogorski Elektroprenosni Sistem

Crnogorski Elektroprenosni Sistem AD (MNSE: PREN) (CGES; former name Prenos AD; meaning: Montenegrin Electrical Transmission System) is an electric power transmission system operator located in Podgorica, Montenegro. It is a member of European Network of Transmission System Operators for Electricity. AD stands for Akcionersko Drustvo, or Joint Stock Company.

Crnogorski elektroprenosni sistem AD
TypeJoint-stock company
MNSE: PREN
IndustryElectricity
PredecessorPrenos AD
Founded2009 (2009)
Headquarters,
Area served
Montenegro
Key people
Dragan Kujović (CEO)
ServicesElectric power transmission
Revenue28,874,175 €
2,448,732 €
Total assets254,329,057 €
OwnerGovernment of Montenegro (55%)

Terna Group (22.08%)

Elektromreža Srbije (10.01%)
Websitehttp://www.cges.me/

In 2009, the company broke away from EPCG and partly privatized, with 43.7% stake in the company acquired by the Italian utility company A2A. 22% stake is owned by Italian electricity transmission company Terna.[1]

CGES and Terna are planning to build a 450-kilometre (280 mi) 1,000 MW submarine cable between Tivat and Pescara.[1][2] The cable to be operational by 2015.

The European Bank for Reconstruction and Development is preparing a €65 million syndicated loan for the company. The loan would be used for the construction of a new substation at Lastva, and a new line from Lastva to Pljevlja to be connected to the Italy–Montenegro interconnector.[3][4]

See also

  • Energy in Montenegro

References

  1. Capozzi, Valentina (2011-08-26). "Costruzione del cavo elettrico che collegherà l'Italia al Montenegro: tra polemiche e vantaggi economici" [Construction of the electrical cable to link Italy and Montenegro: controversies and economic benefits]. il Levante (in Italian). Archived from the original on 2013-02-21. Retrieved 2012-04-11.
  2. Lazarevic, Nela (2011-11-05). "The Italy-Montenegro Cable". Balkan Insight. Retrieved 2012-04-11.
  3. Savic, Misha (2012-02-24). "EBRD Considers EU65 Million Loan to Fund Montenegro Power Line". Bloomberg Businessweek. Retrieved 2012-04-12.
  4. "EBRD is considering EUR 65m loan for Crnogorski Elektroprenosni Sistem to upgrade Montenegro's power network". Balkans.com. BNE. 2012-02-27. Archived from the original on 2013-01-17. Retrieved 2012-04-12.
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