Fintel Energija to launch IPO on August 1

Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, published the prospectus on July 25 for its initial public offering (IPO) on the Belgrade Stock Exchange (BELEX). Fintel Energija, which has a total of 25 million issued shares, will now offer 6.5 million shares at RSD 500 (about EUR 4.24) as part […]

Antitrust watchdog blocks CEZ deal with Inercom

Bulgaria’s antitrust regulator has blocked the sale of Czech energy group CEZ’s assets in Bulgaria to Inercom Bulgaria, local media reported, adding that India Power Corporation could be a possible new buyer. CEZ is seeking to sell its seven companies in Bulgaria which control one-third of the country’s power distribution. The Commission for the Protection […]

EUR 200 million HPP Dabar project draws 19 expressions of interest

Hidroelektrana Dabar, part of hydropower plant operator Hidroelektrane na Trebišnjici (HET), has received 19 expressions of interest (EOI) in a turnkey/engineering, procurement, and construction (EPC) contract for a 160 MW Dabar hydropower plant (HPP Dabar), said Željko Zubac, acting general manager of Hidroelektrana Dabar. The 19 expressions of interest in the HPP Dabar project came […]

HEP signs construction deal for Zagreb CCPP as it secures EUR 130 million in lending from EBRD, EIB

Power utility Hrvatska Elektroprivreda’s (HEP) project to build a new gas-fired combined-cycle gas-turbine plant to replace old and worn-out units at the EL-TO Zagreb combined heat and power (CHP) site will be backed with a total of EUR 130 million in lending from the European Bank for Reconstruction and Development (EBRD) and the European Investment […]