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What did Elektromreza Srbije get by buying shares of the Montenegrin electricity transmission system

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With the new purchase of shares, Elektromreza Srbije officially owns 15% of the Montenegrin electricity transmission system as of today. News of the expansion of EMS’s business, even during the pandemic, resonated in the European electricity market and in the media.
EMS already had a 10 percent share in the Montenegrin transmission system, and more than six million and nine hundred thousand euros were paid for the purchase of another five percent of shares. This brings income to Serbia and greatly improves its position in the European electricity transmission system.
“During the pandemic, EMS did not stop, it even worked intensively, perhaps more intensively than all others, and the purchase of additional shares of the Montenegrin transmission system in economic and business terms represents good and justified investments. It is not only in revenues, the basic benefit for the society of such transmission systems is reliability of work both at the national and regional level,” says Jelena Matejic, director of EMS.
“It gives our power grid the opportunity to be on the board of directors, but to participate in the dividend. But what I think is even more important, that this is the first step in our strategic goal to be a regional energy leader because we are a transit energy corridor,” Minister of Mining and Energy Zorana Mihajlovic points out.
EMS also continues the construction of our route “Trans-Balkan Power Transmission Corridor”, which connects Eastern and Western Europe. The power cable under the Adriatic Sea, which connects Montenegro with Italy, is already generating revenue.
“The Trans-Balkan corridor means not only increased national energy security of Serbia, because we will have new substations at the border areas with other countries, but it actually means energy stability in the region, better life of citizens, many more opportunities for investments which are happening,” says Mihajlovic.
And the Serbian transmission network confirmed that stability last Friday as well – our consumers had no problems in the one-hour European voltage drop.
But some Union countries have cut off electricity and are reporting billions of euros in damage because a complete collapse in Europe’s supply has barely been avoided due to the outage of several power plants and the drop in frequency.
Due to the announcement of ice days, the EMS team is also on the field, and the working group is monitoring the situation.
“The system works stably, all our teams are on the ground, we also hold our sessions of the crisis headquarters. The transmission system did not have any outages, but we rushed to help, reacted in minutes when it comes to synchronizing the distribution system, synchronizing work with production and end of synchronization in the interconnection,” says Jelena Matejic.
And the support of colleagues is important for EPS. This is confirmed by the recordings of the frozen forest near Gadzin Han, where the teams are fighting with the glaciers to fix the faults.
About 18,000 consumers are still without electricity, mostly in hilly and mountainous villages in the area of Nis, Kraljevo, Zajecar, Leskovac, Prokuplje, Novi Pazar and Uzice. The army also came to the rescue, clearing the approaches to the substations and poles, RTS reports.

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