Montenegro: Italy to get hands on Balkans green kwh, Terna expects all the permits for the construction of a submarine cable by the end of the year, SEE Energy News
The Italian company Terna expects final approval for the construction of an undersea cable between Italy and Montenegro by the end of the year, said CEO Flavio Cattaneo. By connecting with Montenegro, where the Italian company A2A manages Montenegrin Electric Power Industry – EPCG, Italy will have access to hydro power plants from Balkans.
“We expect to obtain all permits, including from Montenegro, in the next few months. Construction will take four years, so we can expect that the cable is operational in 2017,” said Cattaneo .
By connecting with Montenegro, where the Italian company A2A manages Montenegrin Electric Power Industry – EPCG, Italy will have access to hydro power plants from Balkans.
It is estimated that the cable will cost around one billion euros and it is one of a number of infrastructure projects of Terna for connecting with neighboring countries.
Terna signed the Agreement on establishing a submarine interconnection between Italy and Montenegro with Montenegrin Government and Montenegrin transmission system CGES in november 2010.
It is anticipated that CGES involves in this project with implementation of the investment in the substation worth about 20 MEUR, and is obliged to build a line from Tivat to Pljevlje, with the intention to build transmission lines later, together with partners from Serbia and Bosnia and Herzegovina to these countries.
Terna recapitalized CGES with more than 34 MEUR and now owns 22 per cent of the shares, while the state of Montenegro has 55 percent.
Source; Serbia Energy See desk