IPTO to invest EUR 4.1 billion in new interconnections, renewables integration, batteries
Greece’s independent transmission system operator, IPTO, plans to invest EUR 4.1 billion over the next 10 years to build new interconnections with Bulgaria, Italy, Albania, and North Macedonia, as well as to increase capacities for the integration of renewables and install batteries for electricity storage. The possible new interconnections include a subsea cable between Greece […]
New initiative to support sustainable hydropower in the Western Balkans
The initiative is led by the International Hydropower Association (IHA), the Albanian power utility KESH, and the Swiss SECO.
Petrol completes takeover of electricity supplier E3
Slovenian energy group Petrol has completed the takeover of electricity supplier E3, a subsidiary of state-run power distribution company Elektro Primorska, nearly a year after signing an acquisition agreement. Petrol signed the deal to buy 100% of E3 for about EUR 15 million in February 2020, after outbidding Slovenian energy group GEN-I and state-owned electricity […]
Serbia’s TSO EMS acquires 5% of shares of Montenegrin TSO CGES
Elektromreža Srbije bought shares from small shareholders at the stock exchange for about EUR 7 million.
Submarine cable helps triple CGES’ electricity transit revenues
Montenegrin TSO pulled in EUR 11.6 million in revenues in 2020 from the commercial use of the power link between Montenegro and Italy.
EPBiH’s three-year business plan envisages EUR 850 million in investment
State power utility EPBiH has adopted a three-year business plan that envisages investments of some EUR 850 million.
Serbia issues guidelines for draft law on renewable energy
The Ministry of Mining and Energy has published the starting points for the upcoming draft law and invited the public to submit suggestions.
Dravske Elektrarne Maribor eyes investments in wind, solar, geothermal, storage
Company plans construction of three wind farms, a 30 MW solar power plant, geothermal and pumped storage projects.