SEE CAO - Press release

Podgorica, Montenegro, 01st of December, 2014

It is with great pleasure and proud that we would like to announce that SEE CAO has successfully conducted first coordinated auctions in SEE.

Preliminary Results of the Yearly Auctions for 2015

Podgorica, Montenegro, 28th of November, 2014

SEE CAO announces to all Auction Participants who took part in the 1st Yearly Auctions for 2015 that Preliminary Results are published on DAMAS Auction Platform. 

Deadline for Contestation is by  29th November, 12:20h. 

The Contestation Letter should be addresed to auctionoffice@seecao.com

Auction Operators - contact

Podgorica, Montenegro, 27th of November, 2014

SEE CAO Auction Operators contact numbers are as follows:

+382 20 240 000
+382 20 240 001
+382 20 414 791

List of Auction Participants

Podgorica, Montenegro, 20th of November, 2014

Updated: 10th of December, 2014

SEE CAO has published the List of Auction Participants.

Deadline for registration

Podgorica, Montenegro, 11th of November, 2014

SEE CAO informs all  Market Participants interested in participation in Yearly Auction for 2015, scheduled for 27th of Novemeber, that deadline for receiving Statement of Acceptance is Tuesday, 18th of November 2014, EOB , 16:00 h. 

Deadline for receiving the Annex 5 (Registration to Auction Platform) is Monday, 24th of November.

Deadline for Risk Management instruments are according to SEE CAO Auction Rules v1.1, Article 4.4, Para 2:

SEE CAO Announces start of the operation

Podgorica, Montenegro, 10th of November, 2014

SEE CAO is proud to inform that, after many months of dedicated work on setting all needed precondition, it shall start its operation with Yearly Auctions for 2015 on 27th of November 2014 following the decision of its 7 shareholder TSOs at the meeting of SEE CAO Board of Directors held in Tirana on 6th November 2014.

SEE CAO Notice : Bank guarantee

Podgorica, Montenegro, 09th of November, 2014

Regarding multiple questions raised by traders related to bank guarantee, SEE CAO announces following:

The bank issuing the guarantee in favor of SEE CAO (i.e. the guarantee bank) or the financial group, the guarantee bank belongs to, must conform to at least one of the following requirements regarding its long-term credit rating:

Moody’s - minimum “Baa3”,
Fitch/IBCA – minimum “BBB-”,
Standard & Poor’s – minimum “BBB-”.

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About Us

SEE CAO is an allocation platform for the region of South East Europe, which performs yearly, monthly and daily coordinated auctions of cross-border capacity rights on 6 borders between Croatia, Bosnia and Herzegovina, Montenegro, Albania, Greece, FYROM and Turkey.