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CGES

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How Serbia and Italy turned CGES into the strategic gateway of the Balkan electricity market

The ownership structure of Crnogorski elektroprenosni sistem (CGES), Montenegro’s electricity transmission system operator, reveals far more about the country’s strategic regional importance than the...

Montenegro grid upgrades funded via AFD loan and EU grant for Perućica and Pljevlja 2

Montenegrin transmission operator CGES has signed a €25 million state-guaranteed loan with France’s AFD on 29 July. The financing is aimed at modernising the...

Montenegro’s CGES Reports Decline in Q1 2026 Profit Amid Rising Costs

The Montenegrin electricity transmission system operator, CGES, has announced a significant decrease in its financial performance for the first quarter of 2026. The company...

Montenegro advances Brezna substation modernization to enhance renewable energy integration

The modernization of the Brezna substation in Montenegro marks a significant advancement in the country's electricity transmission capabilities. The national operator, Crnogorski elektroprenosni sistem...

Montenegro: CGES reports €16.7 million profit in first nine months of 2025, slightly down year-on-year

Montenegrin electricity transmission system operator CGES reported a net profit of 16.7 million euros for the first nine months of 2025, slightly lower than...

Montenegro: CGES launches €36 million modernization of Brezna substation with EBRD and EU support

Montenegrin electricity transmission system operator CGES has initiated a procurement process for two 400/110 kV, 300 MVA power transformers, marking the beginning of a...

Latest news

SEE power markets remain exposed to gas supply risks ahead of winter

Southeast European power markets entered the final part of September with lower electricity demand and sharply reduced gas-fired generation, while exposure to gas supply...

Italy and Croatia see higher LNG inflows as Greek receipts decline

LNG inflows increased in Italy and Croatia during the week to 20 September, adding to imported gas availability as European markets prepared for the...

Croatia’s renewable output plunges as hydro gains fail to offset rising power imports

Croatia recorded a 54.3% decline in variable renewable generation in the week to 20 September, marking one of the steepest drops in the region,...

SEE wind and solar output falls faster than electricity demand

Southeast Europe’s variable renewable electricity generation declined faster than power demand in the week ending 20 September, limiting the downward pressure on electricity prices...

SEE gas-fired power generation drops 13.6% as coal output edges higher

Gas-fired electricity generation across the Southeast European markets covered fell 13.60% in the week ending 20 September, declining at more than twice the rate...