Offering only part of its capacities in the undersea energy cable between Montenegro and Italy, Montenegrin Electricity Transmission System (CGES) has already generated around €3 million of revenue, said in the interview for Pobjeda director of the CGES Board of Directors, Ms Vesna Bracanović.
“The first confirmation of the validity of this undertaking arrived in December already. Only part of our capacities is at disposal of the electricity merchants, and CGES has already generated around €3 million of revenue”, said Ms Bracanović.
In her opinion, that means that CGES generated over a half of total revenue generated last year with commercial exploitation of one third of capacities on the new Montenegro-Italy border.
“Results indicate that project we implemented through strategic partnership with Terna is producing great results”, said Ms Bracanović.
With the construction of Lastva substation and its connection to the existing electricity grid by transmission line Podgorica 2 Trebinje, CGES has set preconditions for putting into function submarine interconnection with Italy.
“We have been working hard on the project of connecting transmission systems of Montenegro and Italy. We have built the first 400 Kv plant in the past 30 years, right where we needed it most, along Montenegrin coast”, pointed out Ms Bracanović.
Connection with the rest of the energy system has made this facility become its new vital point, crucial to stable supply of the seaside.
Positive effects of the substation could be felt in the previous summer season.
Both the substation and a 400 Kv transmission line from Lastva to Čevo were built in accordance with the highest technical and technological regulations, with respect for environment.
