Crnogorski Elektroprenosni Sistem

Crnogorski elektroprenosni sistem AD
Joint-stock company
Traded as MNSE: PREN
Industry Electricity
Predecessor Prenos AD
Founded 2009 (2009)
Headquarters Podgorica, Montenegro
Area served
 Montenegro
Key people
 Ivan Bulatovic (CEO)
Services Electric power transmission
Revenue 28,874,175 €
2,448,732 €
Total assets 254,329,057 €
Owner

Government of Montenegro (55%) Terna Group (22.08%)

Elektromreža Srbije (10.01%)
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 Akcionersko Drustvo, or Joint Stock Company.

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. 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. ↑ 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. Retrieved 2012-04-12.
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