Crnogorski Elektroprenosni Sistem
Crnogorski elektroprenosni sistem AD (MNSE: PREN) (CGES; former name Prenos AD; meaning: Montenegrin Electrical Transmission System) is an electric power transmission system operator located in Podgorica, Montenegro. It is a member of European Network of Transmission System Operators for Electricity.
| Company type | Joint-stock company |
|---|---|
Traded as | MNSE: PREN |
| Industry | Electricity |
| Predecessor | Prenos AD |
| Founded | 2009 |
| Headquarters | Podgorica , Montenegro |
Area served | Montenegro |
Key people | Ivan Asanović (CEO) |
| Services | Transmission system operator |
| Revenue | 28,874,175 € |
Net income | 2,448,732 € |
| Total assets | 254,329,057 € |
| Owner | Government of Montenegro (55%)
Terna Group (22.09%) Elektromreža Srbije (15%) |
| Website | http://www.cges.me/ |
In 2009, the company broke away from EPCG and was partly privatized, with 55% stake owned by Government of Montenegro. 22% and 15% stake is owned by Italian and Serbian electricity transmission companies Terna and EMS respectively.
CGES and Terna have built a 450-kilometre (280 mi) 1,000 MW submarine cable between Tivat and Pescara.
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