Crnogorski Elektroprenosni Sistem a.d. Podgorica

Corporate Details

ISIN(s):

MEPRENRA1PG3

LEI:

Country:

Montenegro

Address:

Bulevar Svetog Petra Cetinjskog 18, 81000 Podgorica

Website:

https://www.cges.me/en/

Sector:

Utilities

Industry:

Electric Utilities

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.).