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Introducing CGES
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Introducing CGES

The first transmission station was put into operation on 1 July 1957 in Nikšić, whereby the Electric Transmission System of Montenegro began to intensively develop as an integral part of the electric power system of the then SFRY. Montenegrin Electric Transmission System celebrates this date as the Company’s Day. Moreover, the development of the company began some time earlier and followed changes in socio-economic relations up to these days. For getting better insight in 50-year history of our company, we shall now briefly describe each stage of its development.

Although it has been operating as a corporation since 2009, CGES is a company with decades of experience in electric power transmission and system operation.

Many a time was the company transformed, nevertheless constantly fulfilling its main task of ensuring safe operation and development of the Electric Transmission System of Montenegro. Subsequently, complying with the requirements for electricity market liberalization and EU regulations on division between market and monopoly activities and taking into account a need for improving economic efficiency, the Shareholders’ Assembly of EPCG made the Decision on Establishment of a New Joint Stock Company ‘Prenos’ in March 2009.

J.S.C. ‘Prenos’ ensured fulfillment of its main task, which is implementation of electricity transmission to such an extent as to ensure safe supply of the Montenegrin customers. After putting the transformer station in Nikšić into operation up to these days, the Electric Transmission System of Montenegro has developed in a modern system firmly connected with neighboring systems. Three hundred and twenty five employees take care of its operation, maintenance, and development.

In the next five-year period, CGES AD will pursue a comprehensively challenging investment plan. Implementation of the planned investments in the Electric Transmission System of Montenegro throughout the whole country and a link with Italy, which is one of the biggest projects in the company’s history together with a link to Serbia, will not only enable consolidation of the Transmission System of Montenegro in such a way as to improve its operational reliability and create conditions for the development of future generation within Montenegro eliminating possible bottlenecks in the development of the coastal areas, but will also enable Montenegro to become a significant power node in the region, firmly integrated in the future regional electricity market.

Pursuant to the Decision made by the Shareholders’ Assembly, the company changed its name into ‘Crnogorski elektroprenosni sistem’ - CGES AD (Montenegrin Electric Transmission System J.S.C.)