EU, US, Chinese companies interested in EPCG acquisition
Companies from the European Union, the US, and China are interested in the acquisition of power utility Elektroprivreda Crne Gore (EPCG), Economy Minister Dragica Sekulić has said. In an interview with Pobjeda, she said that strong interest implies a greater responsibility in the process of selecting a strategic partner for EPCG. Montenegro will seek a […]
CGES to pay dividend from retained earnings from previous years
Montenegrin transmission system operator (TSO) Crnogorski Elektroprenosni Sistem’s (CGES) shareholder assembly has backed a EUR 16.2 million dividend payment, the company said on its website. On the last day of 2018, the company’s shareholder assembly adopted the decision to allocate a gross EUR 16.24 million in dividends. This is a part of the company’s retained earnings […]
Power utility EPS gets energy permit to build its 1st wind farm
State power utility Elektroprivreda Srbije (EPS) has obtained the energy permit for the construction of its first wind farm. The energy permit was issued on December 31, 2018, according to a press release from EPS. The construction of the Kostolac wind farm is expected to begin in the third quarter of 2019. The investment is […]
CEDIS signs EUR 22 million agreement to upgrade distribution network
Montenegrin distribution system operator (DSO) Crnogorski elektrodistributivni sistem (CEDIS) and the consortium of Montenegrin companies Mezon, Electro Team and Ramel have signed a EUR 22.4 million Framework Agreement for a project to revitalize the medium and low voltage distribution network. The Framework Agreement was signed for a period of 24 months, the company said on […]
Slovenia seeks applications for payments to back renewables, high-efficiency cogeneration
The Slovenian Energy Agency has invited applications for incentives to support electricity production from renewable energy sources and high-efficiency cogeneration. Eligible to receive incentives are new or reconstructed renewable energy facilities and combined heat and power (CHP) plants. A total of EUR 10 million in funding is available under the public call for project proposals […]
KESH adopts climate risk management plan
Albania’s state-owned power utility KESH, whose production is almost entirely dependent on hydropower plants (HPP), has adopted its first climate risk management plan, a strategic approach to address the challenges posed by rising temperatures and increasing hydrological variability. KESH operates a 1,350 MW hydropower cascade on the Drin River. It is facing challenges due to […]
ProCredit Bank is first buyer of green energy with guarantees of origin in Serbia
Serbia’s public power utility Elektroprivreda Srbije (EPS) and ProCredit Bank have signed the country’s first contract for the sale of renewable energy with guarantees of origin. The two companies have signed an annex to the contract to issue a certified guarantee to the bank that EPS will deliver only electricity generated in hydropower plants (HPP), […]
Electricity prices across the region to increase by up to 40% in 2019
Electricity prices for businesses went up in Croatia this year, while hikes have been announced for 2019 in Serbia, of about 20%, and Bosnia and Herzegovina (BiH), of around 15%. At the same, wholesale prices in Romania could increase by 40%. Electricity supply for the business segment in the region has been liberalized, and state […]