Bulgaria’s NEK reports net loss in H1, to cancel some projects

Power utility Natsionalna Elektricheska Kompania (NEK) reported a BGN 74 million (EUR 37.8 million) net loss for the first six months of the year, according to the interim financial report published on the website of the Ministry of Finance, the Bulgarian media reported. The company said that due to poor financial results some investments will […]

Litostroj, ABB to modernize HPP Piva

Power utility Elektroprivreda Crne Gore (EPCG) and a consortium of Slovenia’s Litostroj and Italy’s ABB JV have signed a contract on a EUR 10.3 million reconstruction and modernization of the Piva hydropower plant (HPP), the Montenegrin company said. The contract, which will be financed by German development bank KfW with EUR 8.5 million and from […]

ERS posts EUR 28.6 million profit in H1, presses ahead with HPP, small HPP, wind park projects

Elektroprivreda Republike Srpske (ERS) reported a EUR 28.6 million profit in the first half of 2018, acting General Manager Radmila Čičković has told Srna, local media reported. All production and distribution units of ERS, the power utility of Bosnian Serb entity Republika Srpska, except the Gacko coal mining and thermal power plant complex, operated in […]

Strawberry energy launches crowdfunding campaign

Serbian startup Strawberry energy has launched a crowdfunding campaign on Crowdcube with the aim of expanding the network of its smart benches. Strawberry energy, whose smart benches use exclusively solar energy, is already present with its next-generation urban furniture in London and 29 other cities. The smart solar benches developed by Strawberry energy, whose commercial […]