CGES

Montenegro: CGES doubles Q1 profit in 2025 on higher revenues and stable costs Read More »

Montenegro: CGES doubles Q1 profit in 2025 on higher revenues and stable costs

Montenegro’s electricity transmission system operator CGES posted a net profit of 7.7 million euros in the first quarter of 2025, nearly doubling the 3.9 million euros recorded in the same period last year. According to the company’s financial report, net sales in the first three months of 2025 reached 25.9 million euros, representing a 12.6 […]

Montenegro: CGES reports decline in net profit for 2024, despite reduced operating expenses Read More »

Montenegro: CGES reports decline in net profit for 2024, despite reduced operating expenses

Montenegrin electricity transmission system operator, CGES, reported a net profit of 24.8 million euros in 2024, marking a decline from the previous year’s net profit of 35.7 million euros. The company’s net sales for the year amounted to 97.7 million euros, a 9.9% decrease compared to 2023. Despite the drop in revenue, operating expenses were

SEE region: Possible solutions for transmission network challenges Read More »

SEE region: Possible solutions for transmission network challenges

Serbia’s new rules for connecting solar parks and wind farms to the transmission system, operated by Elektromreža Srbije, are a test for both the state-owned company and investors, according to participants at Belgrade Energy Forum. At a panel discussing possible solutions to grid challenges, speakers said the goal is to ensure that the energy transition

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