Tag: CGES

Submarine cable increased electricity transit and profit – Montenegro, 21 February 2020

Director of the Coordinated Auction Office in South East Europe (SEECAO) Ivan Bulatovic said that the first effects of the commissioning of electricity cable to Italy are already tangible, both in increased transit of electricity and profit. Bulatovic said that at the annual auction for 2020, whi Full article available for subscribers of Energy NEWS […]

Revenues from Montenegro-Italy submarine cable to exceed expectations – Montenegro, 21 January 2020

Vladimir Bojcic from the Montenegrin electricity transmission system operator CGES said that revenues from the operation of submarine electricity cable between Montenegro and Italy will be higher than expected and would rise to over 6 million euros in 2020. Bojcic explained that in accordance wit Full article available for subscribers of Energy NEWS service (PDF […]

CGES earned 3 million euros through ME-IT capacity auctions – Montenegro, 14 January 2020

Montenegrin electricity transmission system operator CGES has earned around 3 million euros by auctioning the capacity of an undersea cable connecting Montenegro and Italy. The electricity interconnection was put into operation in November last year, and in December the Coordinated Auction Office Full article available for subscribers of Energy NEWS service (PDF publications, energy news, […]