Crnogorski Elektroprenosni Sistem a.d. Podgorica Logo

Crnogorski Elektroprenosni Sistem a.d. Podgorica

ISIN: MEPRENRA1PG3 | Ticker: PREN

About Crnogorski Elektroprenosni Sistem a.d. Podgorica

Company Description

Montenegrin Electric Transmission System engages in the electricity transmission. Montenegrin Electric Transmission System is based in Podgorica. The first transmission station was put into operation on 1 July 1957 in Nikšic, whereby the Electric Transmission System of Montenegro began to intensively develop as an integral part of the electric power system of the then SFRY 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. 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.).

Year founded

1957

Served area

Montenegro

Shareholder information

Shares outstanding

146,176,876

IPO

Jan. 1, 2000

Stock exchange(s)

Montenegro Stock Exchange

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