Tag: CGES

Serbian EMS acquired additional 5 % stake in CGES – Montenegro, 12 January 2021

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 […]

Revenues from submarine cable amounted to 11.6 million euros in 2020 – Montenegro, 03 January 2021

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 […]

Revenues from submarine cable to Italy exceed 7 million euros – Montenegro, 11 November 2020

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 […]