EPCG swings to net profit of EUR 42.8 million in H1
Power utility Elektroprivreda Crne Gore (EPCG) had a net profit of EUR 42.8 million in the first half of 2018, the company said on its website, adding that its Board of Directors has adopted a decision on the 2017 consolidated results, which show that EPCG Group’s net profit stood at EUR 1.5 million last year. EPCG’s […]
U.S. Energy Association, USAID to support regional electricity market creation in SEE
The U.S. Energy Association (USEA) and the United States Agency for International Development (USAID) have structured a landmark agreement that supports the development of a regional electricity market among transmission system operators (TSOs) and market operators (MOs) in eight countries in Southeast Europe (SEE), the USEA said on its website. Under the new Electricity Market Initiative (EMI), […]
EPHZHB breaks ground for 66 MW Vrilo pumped-storage hydropower plant
Public power utility Elektroprivreda Hrvatske Zajednice Herceg Bosne (EPHZHB) held a groundbreaking ceremony for the Vrilo pumped-storage hydropower plant on the Šuica sinking river near Tomislavgrad on July 16 . The Vrilo pumped-storage hydropower plant, to be built in an investment worth EUR 89.1 million, is designed to have two units with a total installed […]
Greece’s PPC unveils plan to boost share of renewables, expand to other markets
Greece’s majority state-owned power utility, Public Power Corporation (PPC), has developed its 2018-2022 strategic and business plan with the support of its advisor, envisaging the company’s expansion to foreign markets and boosting the share of renewables in its overall energy generation mix, among other matters, according to an announcement from PPC. The advisor is consulting […]
Vestas to deliver turbines for 69 MW Košava 1 wind farm
Denmark’s Vestas has received an order for 20 V126-3.45 MW turbines for the 69 MW Košava phase 1 wind farm in Serbia from MK-Fintel Wind. The Košava 1 wind farm’s construction started in June last year. To accommodate the site’s specific wind conditions and maximize energy production while meeting the site’s tip height constraints, Vestas developed […]
EU TSOs measures kick off amid fresh frequency deviations in CE power system
A new compensation programme, put in place by the Continental European TSOs, automatically kicked off on July 7 when the grid time deviation exceeded 60 seconds, ENTSO-E said in a statement, adding that the cause for the frequency deviations – a political dispute between the Serb and Kosovar authorities on electricity – has not been […]
Bids sought for three small hydropower plants
The Ministry of Industry, Energy, and Mining of Republika Srpska has launched tenders for concessions to build and operate three small hydropower plants. One invitation refers to two small hydropower plants (HPP) on the Bjelava river that would have a total installed capacity of 2.523 MW and an annual output of 10.19 GWh of electricity. […]
Returns on green investments are down, but so are costs
On the sidelines of the Green for Growth Fund’s (GGF) recently held Sustainable Future Forum and the grand finale of the clim@ pitching competition for startups, Christopher Knowles, who at the time served as chairman of the GGF, spoke to Balkan Green Energy News about the impact of innovative solutions, return on green investments, and […]