Crnogorski Elektroprenosni Sistem

Crnogorski elektroprenosni sistem AD

Company type	Joint-stock company
Traded as	MNSE: PREN
Industry	Electricity
Predecessor	Prenos AD
Founded	2009 (2009)
Headquarters	Podgorica , Montenegro
Area served	Montenegro
Key people	Ivan Asanović (CEO)
Services	Transmission system operator
Revenue	28,874,175 €
Net income	2,448,732 €
Total assets	254,329,057 €
Owner	Government of Montenegro (55%) Terna Group (22.09%) Elektromreža Srbije (15%)
Website	http://www.cges.me/

Crnogorski elektroprenosni sistem AD (MNSE: PREN) (CGES; former name Prenos AD; meaning: Montenegrin Electrical Transmission System)^[a] is an electric power transmission system operator located in Podgorica, Montenegro. It is a member of European Network of Transmission System Operators for Electricity.

In 2009, the company broke away from EPCG and was partly privatized, with 55% stake owned by Government of Montenegro. 22% and 15% stake is owned by Italian and Serbian electricity transmission companies Terna and EMS respectively.^[1][2]

CGES and Terna have built a 450-kilometre (280 mi) 1,000 MW submarine cable between Tivat and Pescara.^[3]

See also

• Energy in Montenegro

References

1. AD stands for akcionarsko društvo, or Joint Stock Company.

1. Capozzi, Valentina (2011-08-26). "Costruzione del cavo elettrico che collegherà l'Italia al Montenegro: tra polemiche e vantaggi economici" [Construction of the electrical cable to link Italy and Montenegro: controversies and economic benefits]. il Levante (in Italian). Archived from the original on 2013-02-21. Retrieved 2012-04-11.
2. "EMS kupila pet odsto akcija CGES-a" [EMS bought five percent of shares of CGES]. MINA (in Montenegrin). 2021-01-13. Retrieved 2023-04-10.
3. https://www.cges.me/en/news/1067-cges-representatives-took-part-in-expo-2020 ^{[bare URL]}

External links

• Official website