transmission grid

Serbia Positions CGES Investment as Strategic Gateway to Italy’s Electricity Market

Serbia’s 15% equity interest in Montenegro’s transmission system operator CGES is emerging as a key strategic asset supporting cross-border electricity trade, regional energy integration and long-term infrastructure development, with the investment providing institutional access to the transmission corridor linking the Western Balkans to Italy. Held through state-owned transmission operator Elektromreža Srbije (EMS), the shareholding makes Serbia the third-largest shareholder in Crnogorski elektroprenosni sistem (CGES) behind the State of Montenegro, which owns 55.38%, and Italy’s Terna, which holds 22.09%. Although the…