Crnogorski Elektroprenosni Sistem
 | |
| 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/ |
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.
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.[citation needed]
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
References
- ^ a b 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.
External links
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