Government requests tendering to select universal electricity supplier and supplier of last resort
The Macedonian government has adopted a decision on launching a procedure to select the country’s universal electricity supplier and supplier of last resort, in line with the new energy law, according to a statement on the government’s website. The prime minister’s office, the office of the deputy prime minister in charge of economic affairs, and […]
Power utility EPHZHB logs EUR 19.7 million profit in H1
Public power utility Elektroprivreda Hrvatske Zajednice Herceg Bosne (EPHZHB) made a profit of BAM 38.7 million (around EUR 19.7 million) in January-June, up from BAM 452,076 (about EUR 230,000) in the first half of 2017. This is in keeping with strong results posted by power utilities elsewhere in the region on the back of good […]
KESH rallies on good hydrological conditions, posts EUR 49.3 million profit in H1
Albania’s state-owned power utility KESH reported a profit of nearly ALL 6.2 billion (about EUR 49.3 million) in the first half of the year, having produced 3,881 GWh of electricity, more than in the entire 2017, when it generated 2,915 GWh. KESH had a loss of ALL 52.7 million (around EUR 420,000) in 2017 and […]
SHPP Mesići-Nova breaks even after 3.5 years of operation
The Mesići-Nova small hydropower plant (SHPP) near Rogatica, with an installed capacity of 5 MW, broke even on the BAM 10 million (EUR 5 million) investment after three and a half years of operation, said Ljubomir Mrda, director of Elektrodistribucija Pale, a subsidiary of power utility Elektroprivreda Republike Srpske (ERS). SHPP Mesići-Nova was put into […]
BEH gets EBRD’s financial backing to help with energy market liberalization
State-owned energy company Bulgarian Energy Holding (BEH) has secured a EUR 100 million investment from the European Bank for Reconstruction and Development (EBRD) in its seven-year EUR 550 million bond issuance to refinance an earlier bond under better terms, in what will improve its financial structure and is expected to help with the country’s energy […]
Hidroelectrica posts record six-month profit of EUR 207 million in H1
Romania’s state-owned power utility Hidroelectrica has reported a record six-month gross profit of RON 962 million (around EUR 207 million) in the first half of 2018, Business Review reported. The result, which was up 34% compared to H1 2017, was mainly attributable to cost control. In H1 2018, Hidroelectrica had turnover of RON 1.99 billion (EUR […]
Company established for HPP Buk Bijela’s construction
Public power utility Elektroprivreda Republike Srpske (ERS) and its subsidiary Hidroelektrane na Drini have established a Foča-based joint venture, Hidroelektrana Buk Bijela, for the production and sale of electricity, news agency Srna reported. The agreement on the establishment of the joint venture was signed by ERS acting director Radmila Čičković and Nedeljko Perišić, director of […]
Power utility EPBiH swings to EUR 15 million net profit in H1
Power utility Elektroprivreda BiH (EPBiH) reported a net profit of around BAM 28 million (some EUR 15 million) in the first half of 2018, after posting a loss of nearly BAM 23 million (about EUR 12.4 million) in H1 2017. The financial data is partly due to poor hydrological conditions and bad weather last year […]