Tag: CGES

CGES earned 3 million euros through ME-IT capacity auctions – Montenegro, 14 January 2020

Montenegrin electricity transmission system operator CGES has earned around 3 million euros by auctioning the capacity of an undersea cable connecting Montenegro and Italy. The electricity interconnection was put into operation in November last year, and in December the Coordinated Auction Office Full article available for subscribers of Energy NEWS service (PDF publications, energy news, […]

CGES recorded lower profit in the first nine months of 2019 – Montenegro, 15 November 2019

Montenegrin electricity transmission system operator CGES recorded a net profit of 2.78 million euros in the first nine months of 2019, which is 34 % lower compared to a profit of 4.22 million euros recorded in the same period last year. Operating revenues of the company in the first nine months Full article available for […]

CGES recorded lower profit in H1 2019 – Montenegro, 12 August 2019

Montenegrin electricity transmission system operator CGES recorded a net profit of 1.84 million euros in the first half of 2019, which is almost twice less compared to the same period last year. Operating revenues of the company in the first six months of the year reached 19.51 million euro, whic Full article available for subscribers […]