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

Terna Group (22.09%)

Elektromreža Srbije (15%)
Websitehttp://www.cges.me/

Crnogorski elektroprenosni sistem AD (MNSE: PREN) (CGES; former name Prenos AD; meaning: Montenegrin Electrical Transmission System)[lower-alpha 1] is an electric power transmission system operator located in Podgorica, Montenegro. It is a member of European Network of Transmission System Operators for Electricity.

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

  1. 1 2 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. "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.
  3. Lazarevic, Nela (2011-11-05). "The Italy-Montenegro Cable". Balkan Insight. Retrieved 2012-04-11.
  4. 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.
  5. "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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