Agreement on the construction of Trans-Balkan energy corridor signed – Montenegro, 7 July 2016

An agreement on the construction of Trans-Balkan energy corridor through Montenegro has been signed. It is 25 million euros worth, financed by the European Union and implemented by the German Development Bank (KfW). The agreement was signed by Montenegrin Minister of Economy Vladimir Kavaric, Board member of KfW Bank Roland Siller and CEO of Montenegrin […]

Operation of CGES is in compliance with the EU standards – Montenegro, 23 June 2016

After the technical control and verification of fulfillment of certain technical criteria, the Commission for system operation within ENTSO-E concluded that the Montenegrin operator of electricity transmission system CGES performs its operation in emergency situations in a manner fully compliant with 20 out of 21 prescribed EU standards. Also, the Commission concluded that the appliance […]

Montenegro is Italian bridgehead to Balkan energy markets – Montenegro, 4 June 2016

Matteo del Fante, CEO of the Italian energy company Terna, said in an interview to Italian media that the connection with Montenegro via submarine electricity cable is still a priority for the company. Del Fante also pointed out that Montenegro represents a bridge that will allow Italy to enter energy markets in the Balkan. The […]