Tag: CGES

5.8 million euros in revenues from undersea cable to Italy in H1 2020 – Montenegro, 09 July 2020

Montenegrin electricity transmission system operator CGES recorded revenues in the amount of 5.8 million euros in the first six months of 2020 from the commercial use of submarine electricity cable to Italy. CGES pointed out that the commissioning of the submarine cable resulted in an increased i Full article available for subscribers of Energy NEWS […]

CGES’ net profit surged in Q1 2020 – Montenegro, 13 May 2020

Montenegrin electricity transmission system operator CGES recorded a net profit of 4.22 million euros in the first quarter of 2020, compared to 840,000 euros net profit recorded in the same period last year. Operating revenues of the company in the first three months of the year reached 13.68 mil Full article available for subscribers of […]

CGES’ net profit dropped further in 2019 – Montenegro, 14 April 2020

Montenegrin electricity transmission system operator CGES recorded a net profit of 3.63 million euros in 2019, which is 13.2 % lower compared to a profit of 4.18 million euros recorded in the previous year. Operating revenues of the company in 2019 reached 38.41 million euro, which is 13.8 % more Full article available for subscribers […]