Tag: CGES

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CGES and EBRD commit €15 million to strengthen regional power interconnection

Montenegro is moving to reinforce its role within the Western Balkans electricity system, with the Crnogorski elektroprenosni sistem (CGES) and the European Bank for Reconstruction and Development...

EBRD-backed energy project in Montenegro faces scrutiny as CGES accused of failing public consultation obligations

Residents of Gornja Brezna and neighbouring villages have strongly criticised Crnogorski elektroprenosni sistem (CGES) for what they describe as a perfunctory and inadequate public...

Montenegro and Serbia sign agreement on transfer of cross-border transmission lines to strengthen regional power system

Montenegro’s transmission system operator CGES and Serbia’s EMS have signed an agreement for the acquisition of electricity infrastructure, reaffirming their long-standing cooperation and joint...

Montenegro Power Transmission System announces 5 million euro dividend for 2024 profit

Montenegro’s power transmission company has announced the distribution of dividends based on its 2024 profits. The total gross dividend amounts to €5 million, with a...
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Montenegro invests €105 million in energy infrastructure amid transmission delays

Montenegro’s state-owned energy companies—EPCG, CEDIS and CGES—invested a total of €105.3 million in 2024 in generation capacities, distribution, and transmission infrastructure, according to the...

CGES reports strong H1 profit, approves dividend and reappoints Board Chair

Crnogorski Elektroprenosni Sistem (CGES), Montenegro’s electricity transmission system operator, reported a net profit of €12.9 million in the first half of 2025, up €2.83...
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