Hidroelectrica begins procedure for exchange listing
Six months out of insolvency, largest national power producer may be listed at the stock market, Energynomics.ro said. Károly Borbély, Hidroelectrica’s head of strategy and corporate affairs, said the preparations already begun. „It will be possible six months after we come out of insolvency, most likely in the fall of 2016 or early 2017,“ Romanian […]
Mini hydro facility launched on Ugar river in Republic of Srpska
Austrian power group Kelag and its Slovenian subsidiary Interenergo officially launched their small hydropower plant Zapeće on Ugar river, Srna news agency reported. The investment is worth EUR 14 million, and planned annual production is 14 GWh from an installed capacity of 4 MW. Petar Đokić, minister for energy and mining of the Republic of […]
Small hydropower concessions coming up in Montenegro
Investors can apply for the construction of small hydropower plants in two locations in Montenegro. The Ministry of Economy is receiving applications for concession awards to exploit water streams. The public call is for the construction of small hydropower plants (SHPPs) on the rivers of Bukovica, in Šavnik municipality in central Montenegro, and Štitarička, in […]
Electrica exiting two wind energy projects
Citing declining profitability of renewable energy, Romanian utility revealed a plan to terminate the development of two wind parks, which is reflected by financial statements by the management, Business-Review reported. Electrica SA was listed on markets in Bucharest and London in July last year, and made a decision at the time to postpone investment in […]
Phoenix Solar gets contract for 6.9 MW solar array
German photovoltaic system integrator Phoenix Solar AG said it would build a solar array of 6.9 MW in central Anatolia, in partnership with local company Asunim Yenilenebilir Enerji Teknolojileri, SeeNews reported. The firms were awarded the order by a Turkish consortium. Its value was not disclosed. The contract calls for Phoenix Solar to undertake all […]
Customers’ debt to PPC exceeds EUR 2 billion
The amount owed to the Public Power Corporation by its customers topped EUR 2 billion at the end of July, the head of its Genop workers’ union Giorgos Adamidis told the Athens–Macedonian News Agency. He added more than EUR 1.5 billion were households’ liabilities. High voltage accounts for EUR 280 million, where EUR 250 million […]
Yadenitsa dam design update goes to tender
Bulgaria’s state-owned National Electricity Company (NEK) has launched a BGN 3.57 million (EUR 1.83 million) tender for the update of the project design of Yadenitsa dam, in the southwest of the country, SeeNews reported. The contract envisages the preparation of technical papers and supervision of the construction works, documents posted on NEK’s website earlier in the month […]
Monsson Group dismantling wind park in Constanța
Local legislation has rendered a wind power plant in Targuşor, Constanța county, unfeasible, according to its operator Monsson Group, controlled by businessman Emanuel Muntmark, Ziarul Financiar’s portal said. The company and its project partners decided to remove turbines from the 27 MW project due to market uncertainty, Romania Insider reported. “Unfortunately, major changes in renewables […]
