Montenegro, Italy agree on submarine power cable construction.

By bne IntelliNews November 25, 2010
Montenegrin Transmission System (CGES) signed an agreement with Italian electricity transmission system operator Terna for the construction of a submarine power cable to link Montenegro with Italy across the Adriatic, the government said in a statement on its website. The project, to cost EUR 760mn, will give Montenegro a direct access to the EU energy market and help for further investments in the sector. In addition, the project will also contribute to increased employment and will have a positive effect on the construction and transport industries. The interconnection cable between Montenegro and Italy will be 450 km long, 375 km of which will connect both sides of the Adriatic along the seabed, while some 75 km will be on the land. Terna will also build an additional grid infrastructure in the form of a 400kV interconnection cable between Montenegro and Bosnia and Herzegovina and/or an additional 400 kV cable between Montenegro and Serbia.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    7 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. UBN: The US Needs to Wake Up
    6 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss