"This is a true example of success – achieved in Montenegro and supported by the EU. Thanks to this, Montenegro has the potential to become a major supplier of electricity in the region."said the President of the European Commission
President of the European Commission Ursula von der Leyen She today visited the substation in Podgorica, one of 15 electricity transmission facilities across Montenegro upgraded thanks to state-of-the-art equipment funded by the European Union.
President of the European Commission Ursula von der Leyen, in front of the Montenegrin Transmission System, was welcomed by the Chairman of the Board of Directors, Aleksandar Mijušković, Executive Director, Ivan Asanović, who welcomed her and expressed their gratitude for the funds allocated, which were used to strengthen interconnection capacities, create the prerequisites for connecting renewable energy sources, and increase the security of the electricity supply to consumers in Montenegro...
As part of the visit, Ursula von der Leyen had the opportunity to familiarise herself directly with the most significant aspects of this project, through a presentation by our Assistant Director of Elektroprenos, Nikole Mugoša, who was more than a good host to the distinguished president.
As part of the Trans-Balkan Power Transmission Corridor, one of the flagship projects of the Economic and Investment Plan for the Western Balkans, The EU has provided €25 million in grants to Montenegro to improve its domestic transmission network, reduce transmission losses and power cuts, and mitigate the rise in electricity prices for residents, industry and investors.
"This is a real example of success – achieved in Montenegro and supported by the EU. Thanks to this, Montenegro has the potential to become a major supplier of electricity in the region," said the President of the European Commission.
The total investment in the modernisation of Montenegro's electricity transmission network exceeds 144 million euros, based on the Team Europe approach, which is financed by CGES's own funds, loans from international financial institutions and an EU grant.
The Montenegrin section of the Trans-Balkan Power Transmission Corridor has strategic regional significance, as it enables better connectivity with the power transmission systems of Italy and the countries of the Balkan Peninsula (Bosnia and Herzegovina, Serbia, and Romania).
