Crnogorski Elektroprenosni Sistem

Crnogorski elektroprenosni sistem AD (MNSE: PREN) (CGES; former name Prenos AD; meaning: Montenegrin Electrical Transmission System)^[a] is an electric power transmission system operator located in Podgorica, Montenegro. It is a member of European Network of Transmission System Operators for Electricity.

Crnogorski elektroprenosni sistem AD

Company type	Joint-stock company
Traded as	MNSE: PREN
Industry	Electricity
Predecessor	Prenos AD
Founded	2009 (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.^[1][2]

CGES and Terna have built a 450-kilometre (280 mi) 600 MW submarine cable between Tivat and Pescara.^[3]

See also

• Energy portal
• Companies portal

• Energy in Montenegro