Friday, 7th February 2025

Crnogorski Elektroprenosni Sistem and Elektromreža Srbije Strike Major Electricity Transmission Deal

In a move seen as a significant milestone in European energy integration, Crnogorski Elektroprenosni Sistem (CGES) and Elektromreža Srbije (EMS) have formalised an agreement aiming to enhance the region's electric transmission capabilities.

The collaboration centres around the construction of the 400 KV “Pljevlja-Bajina Bašta-Višegrad” interconnector, a key component of the ongoing Trans-Balkan Corridor project. This initiative seeks to bolster the electric transmission conditions between the northern and southern sectors of the region. 

The overarching goal is to further integrate the electric market, aligning closely with European energy policy priorities.

The accord was signed by the Chief Executives of CGES and EMS, Ivan Asanović and Jelena Matejić. Both leaders expressed that this undertaking would substantially reinforce the mutual cooperation between the two firms, adhering to national legislation and international treaties of Serbia and Montenegro.

Chief Executives of CGES and EMS, Ivan Asanović and Jelena Matejić

Sources close to the matter have hinted at a high-calibre partnership on the horizon, encompassing information exchange, knowledge-sharing, and organising collective preliminary actions. Mutual support is cited as a projected benefit, ensuring the project’s fruitful completion to the benefit of both nations.

Both CGES and Elektromreža Srbije are poised to enhance their transmission service quality, ensuring full compliance with European standards. Additionally, they are eager to play an active role in the regional electric market of Southeast Europe. Notably, integrating renewable energy sources stands out as a prime advantage of this cooperation.

For context, the 400 kV dual-system overhead line “Pljevlja – Bajina Bašta – Višegrad”, as part of the Trans-Balkan Corridor, ensures improved electrical connectivity amongst Montenegro, Bosnia and Herzegovina, Serbia, and broader Europe.

Jelena Arsovska, Executive director of AmCham North Macedonia

A Strategic Gateway for U.S. Investments

Aleksandar Ljubić, Executive Director of FIC Serbia

Dedicated to Serbia’s Prosperity

Revoz Set to Begin Production of Nissan’s Electric Pixo

Revoz, Renault’s Slovenian subsidiary, is preparing to launch the production of the revamped electric Twingo in 2026, but the...

Aleph Named TikTok’s Exclusive Sales Partner in Eastern & Baltic Markets

In a strategic move to further consolidate its presence in Central and Eastern Europe, TikTok has appointed Aleph as...

Volkswagen Leads Croatia’s Auto Market in January 2025

In January 2025, Volkswagen emerged as the leading brand in Croatia’s automotive sector, capturing a market share of 12.3%...

Croatia’s Industrial Shift Sees Fewer Jobs but Rising Productivity

Croatia’s industrial sector is grappling with unexpected challenges - while the number of jobs decreases, productivity continues to rise. According...

Slovenian Iskra Expands Footprint with New Factory in Bosnia and Logistics Hub in Serbia

Slovenian industrial giant Iskra is intensifying its regional footprint with a new manufacturing plant in Bosnia and a logistics...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities