According to Serbian media, electricity transmission system operator EMS has acquired additional 5 % stake in its Montenegrin counterpart CGES, thus increasing its share in the operator to 15 %. Reportedly, the 5 % stake cost around 7 million euros on the Stock Exchange. In late December 2015, EM Full article available for subscribers of […]
In 2020, Montenegrin electricity transmission system operator CGES earned 11.6 million euros based on effect of the commercial use of the submarine electricity cable between Montenegro and Italy. CGES said that since the cable’s commissioning in November 2019, it has generated revenues from the a Full article available for subscribers of Energy NEWS service (PDF […]
In the first nine months of 2020, Montenegrin electricity transmission system operator CGES generated revenues in the amount of 37.3 million euros, which is about 20 %, or 6.3 million euros more than in the same period last year. When it comes to submarine cable to Italy, CGES earned 3.8 million Full article available for […]