Tag: CGES

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 […]

Submarine cable creates preconditions for realizing full energy potential of the region – Montenegro, 09 August 2019

CEO of Montenegrin electricity transmission system operator CGES Dragan Kujovic said that commercial launch of submarine cable to Italy, which should be expected by the end of the year, would create preconditions for realizing full energy potential of the region. Kujovic stated that submarine cab Full article available for subscribers of Energy NEWS service (PDF […]

Terna completed laying the Italy-Montenegro submarine cable – Montenegro, 04 July 2019

The Montenegrin Government said in a statement that Italian electricity transmission system operator Terna has completed the laying of underwater cable between Italy and Montenegro. CEO of Terna Luigi Ferraris said after the meeting with Montenegrin Prime Minister Dusko Markovic that the underwat Full article available for subscribers of Energy NEWS service (PDF publications, energy […]