Tokyo-based Enechange, Looop to run Turkish 13 MW solar park for ten years
A solar power plant in Denizli province, Turkey will be the first investment by the newly established Japan Energy Fund. The overseas-specialized decarbonized energy fund is founded by Tokyo-based companies Enechange Ltd. and Looop Inc. Joint rights to operate the 13 MW photovoltaic system, located about 300 kilometers south of Istanbul, will be purchased for […]
Investors taking advantage of corona crisis to build five small HPPs in BiH
Despite the lockdowns in the region caused by the coronavirus, the construction of five small hydropower plants (SHPPs) has begun or is being pushed in the south of Bosnia and Herzegovina’s capital Sarajevo, according to a joint press release by the Coalition for the Protection of Rivers in Bosnia and Herzegovina, Riverwatch and EuroNatur. In […]
EPHZHB’s net profit for 2019 lands nearly seven times lower year over year
Net profit of public power utility Elektroprivreda Hrvatske Zajednice Herceg Bosne (EPHZHB) dropped 85.1% last year against 2018, to BAM 2.47 million (EUR 1.26 million), according to the official results. The company’s net profit in 2018 was BAM 16.6 million (EUR 8.49 million) or almost seven times higher. Even though revenues strengthened and costs fell […]
5 ways lobbyists are using COVID-19 to weaken EU environmental laws
Are EU environmental laws and the European Green Deal really at stake because of the COVID-19 pandemic? Lobby groups in Brussels are doing their best to diminish them, Anton Lazarus, Communications Manager at European Environmental Bureau (EEB), says in his article and lists five examples of how corporate lobbyists asked for the suspension of crucial […]
KOSTT: ENTSO-E backs Kosovo’s* exit from control block lead by Serbia’s EMS
The vote on the new connection agreement between Kosovo’s transmission system operator (TSO) KOSTT and ENTSO-E was successfully concluded by the Regional Group of Continental Europe (RGCE), KOSTT has announced. RGCE is one of the five permanent regional groups or synchronous areas within ENTSO-E, the European Network of Transmission System Operators. With the vote and […]
UPDATE: Albania suspends tendering for setting up power exchange
Albania’s Ministry of Infrastructure and Energy has decided to suspend tendering for companies and financial institutions interested in becoming shareholders of a joint-stock company which would operate the Albanian power exchange (APEX). In March, the ministry published an invitation to bid, with an April 27 deadline to submit applications. The tendering commission suspends the submission of […]
EPCG’s net profit plunges 35.7% in 2019
Montenegrin state power utility Elektroprivreda Crne Gore’s (EPCG) net profit in 2019 dropped 35.7% against 2018, to EUR 28.3 million, according to EPCG’s annual report. In 2018 the company posted a net profit of EUR 44.1 million. Operating revenues stood at EUR 323 million in 2019, an increase of EUR 20 million compared to 2018, […]
Electricity prices to dive 30% in the region – analyst
Electricity prices in the region could fall 30%, said Nickolay Kiskinov, managing partner at Bulgaria-based Vladimirov Kiskinov Attorneys-at-law. The current electricity prices at the power exchange in Bulgaria are mostly similar to those in the European western markets where, after the initial collapse, prospects are beginning to change due to expectations of economic recovery, he said […]