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Project Update

Montenegro–Italy Subsea Link Project [free access]

March 7, 2017

Developers: Italy’s electricity transmission system operator (TSO) Terna and Montenegro's TSO Crnogorski Elektroprenosni Sistem (CGES)

 

Project details and status: The over 400-km-long subsea link will connect Abruzzo in Italy and Tivat in Montenegro. The 1,000 MW cable will enable Italy to import power from Montenegro and help integrate the power grids of southeastern Europe and the European Union (EU).

 

Montenegro, with its 20 per cent share in the installed capacity of 1,000 MW, is expected to earn substantial revenues after the commissioning of the link. Further, the project is expected to place the country at the centre of energy flows between Italy and western Europe by enabling it to export energy from renewable sources to Italy.

 

The value of the project is estimated at EUR800 million. The European Commission (EC), together with Germany's development bank KfW and the European Bank for Reconstruction and Development (EBRD), provided a grant worth EUR3.5 million for the project’s identification and the preparation of the Montenegro section, under the Western Balkans Investment Framework. The EU further supported the project under the 2015 Connectivity Agenda, through a EUR25 million grant. 

 

In October 2016, the TSOs initiated construction works on the project.

 

As of February 2017, Terna had completed laying the undersea section of the link.

 

The cross-border link is expected to be completed by the end of 2017. 

 

(EUR1=USD1.05)