First session of the tenth term of the Board of Directors of the Montenegrin Electricity Transmission System held

At the first meeting of the tenth board of directors, held 31.07.2017. Verified Minutes of the constitutive meeting of the Board of Directors of Crnogorski elektroprenosni sistem AD, held on 29 June 2017.

The meeting considered and unanimously adopted :

· Abbreviated periodic report on the business operations of Crnogorski elektroprenosni sistem AD for the period from 1 January 2017 to 30 June 2017.financial statement

· Report on the financial operations of the Montenegrin Electricity Transmission System AD for the period from 1 January 2017 to 30 June 2017.

· Report on the implementation of the Investment Plan for the period 1 January 2017 – 30 June 2017.

The following contracts were also approved at the meeting:

· Agreement on the Transfer of Non-Refundable Financial Resources and Responsibilities between the State and CGES

· Agreement on the rights, duties and responsibilities of the Chairman of the Board of Directors.

The members of the Board of Directors are familiar with andInformation on the activities undertaken to establish an electricity exchange.