Crnogorski Elektroprenosni Sistem
Crnogorski elektroprenosni sistem AD (traded on the MNSE under the code PREN), commonly known as CGES and previously referred to as Prenos AD (which translates to Montenegrin Electrical Transmission System), is a public joint-stock company specializing in electric power transmission system operator services. Its headquarters are located in Podgorica, Montenegro. The company is affiliated with the European Network of Transmission System Operators for Electricity.
Formed in 2009 following its separation from EPCG, CGES is owned through a mixed equity structure: the Government of Montenegro holds a majority share of 55%, while Italian transmission firm Terna and Serbian operator EMS possess strategic stakes of 22% and 15%, respectively.
In partnership with Terna, CGES was instrumental in constructing a 450-kilometer, 600 MW submarine cable connecting Tivat with Pescara. This infrastructure project significantly improved cross-border grid interconnection and facilitated enhanced market integration within the region.
The company reports financial figures including €28.87 million in revenue and €2.45 million in net profit, underpinned by total assets valued at €254.33 million. Leadership is provided by CEO Ivan Asanović, who manages the organization’s strategic direction within Montenegro’s electricity transmission sector.