Representatives of the Government of Montenegro and Masdar discussed potential joint projects in the energy sector. The focus of the meeting was on solar energy, energy storage, and hydropower. Minister of Energy and Mining of Montenegro Admir Šahmanović and the Minister of Public Works Majda Adžović met today at Villa Gorica in Montenegro’s capital Podgorica […]
A memorandum of understanding on Italy and Montenegro’s electricity market coupling was signed in Rome. It also paves the way for the installation of the second cable of the Monita interconnector, which runs under the Adriatic Sea. Minister of Energy and Mining of Montenegro Admir Šahmanović (pictured middle) and Italian Minister of the Environment and […]
Serbian transmission system operator (TSO) Elektromreža Srbije (EMS) and Montenegrin TSO CGES agreed that each would become the owner of the parts of overhead transmission lines on its country’s territory, and signed a contract. EMS and CGES signed a contract on the purchase of electricity infrastructure. The two state-owned TSOs said it is the confirmation […]
Montenegro’s transmission system operator CGES achieved a net income of EUR 12.9 million in the first six months of this year. It is 28.1% more than in the same period of 2024 and on a 2.5% higher revenue. The dedication to quality and operational efficiency is materializing in concrete results, and the outlook remains bright, […]
Energy Community contracting parties are doing their best to meet the challenging requirements and use the opportunity to couple their electricity markets with the European Union in Q4 2026 or Q1 2027. Apart from other benefits, coupling could represent a strong incentive for investment in renewables. However, the introduction of CBAM could be a step […]
The three key companies in the electricity sector of Montenegro – Elektroprivreda Crne Gore (EPCG), distribution system operator (DSO) CEDIS, and transmission system operator (TSO) CGES – have signed a letter of intent to start strategic cooperation on the installation of the Consolidated Data Center (CDC). The initiative for the construction of the Consolidated Data […]
The agenda of the third Belgrade Energy Forum, taking place on May 14-15, has been finalized with the addition of further prominent energy experts and companies. The conference, organized by Southeast Europe’s leading energy news portal, Balkan Green Energy News, will feature eight panels covering key topics in the energy sector, with an impressive lineup […]
Montenegro’s transmission system operator CGES and Qair Montenegro signed a contract for the connection of a 50 MW solar power plant. An agreement on the construction of infrastructure for the Rudine photovoltaic project was signed by Ivan Asanović, CEO of CGES, and Stefan Klikovac, a representative of Qair Montenegro. The EUR 40 million Rudine solar […]
Montenegro’s transmission system operator CGES recorded a profit of EUR 24.8 million last year. The net income of TSO CGES compares to EUR 35.7 million from 2023. In 2022, the company’s profit amounted to EUR 20.3 million, after EUR 16.9 million in the previous year. President of the Board of Directors of CGES Aleksandar Mijušković […]