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 akcionarsko društvo, or Joint Stock Company.
 | |
| Type | Joint-stock company |
|---|---|
| MNSE: PREN | |
| Industry | Electricity |
| Predecessor | Prenos AD |
| Founded | 2009 |
| Headquarters | , |
Area served | Montenegro |
Key people | Ivan Asanović (CEO) |
| Services | Transmission system operator |
| Revenue | 28,874,175 € |
| 2,448,732 € | |
| Total assets | 254,329,057 € |
| Owner | Government of Montenegro (55%)
Terna Group (22.09%) Elektromreža Srbije (15%) |
| Website | http://www.cges.me/ |
In 2009, the company broke away from EPCG and was partly privatized, with 55% stake owned by Government of Montenegro. 22% and 15% stake is owned by Italian and Serbian electricity transmission companies Terna and EMS respectively.[1][2]
CGES and Terna are planning to build a 450-kilometre (280 mi) 1,000 MW submarine cable between Tivat and Pescara.[1][3] 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.[4][5]
See also
- Energy in Montenegro
References
- 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.
- "EMS kupila pet odsto akcija CGES-a" [EMS bought five percent of shares of CGES]. MINA (in Montenegrin). 2021-01-13. Retrieved 2023-04-10.
- Lazarevic, Nela (2011-11-05). "The Italy-Montenegro Cable". Balkan Insight. Retrieved 2012-04-11.
- Savic, Misha (2012-02-24). "EBRD Considers EU65 Million Loan to Fund Montenegro Power Line". Bloomberg Businessweek. Archived from the original on January 19, 2013. Retrieved 2012-04-12.
- "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.