Kopač: Creation of Albanian power exchange would be real game changer for region
Reforms must continue without delay in order for Albania’s energy consumers to truly benefit from the changes, Janez Kopač, Director of the Energy Community Secretariat said. During his visit to Tirana Kopač met with key Albanian energy sector stakeholders to take stock of achieved reforms and the priorities ahead, Energy Community said in a statement. […]
EC asked Bulgaria to comply with Third Energy Package
Arguing that Bulgaria has not transposed Third Energy Package electricity and gas directives into its national legislation, the European Commission asked Bulgaria to comply with the legislative package and correctly implement two directives concerning the common rules. Bulgaria now has two months to transpose the directives into its national legislation. Otherwise, the Commission may decide […]
Energy Community launched project to support DAM creation in FYROM
Energy Community (EC) Secretariat has announced a new technical assistance project under the Western Balkan 6 (WB6) Initiative launched to support day-ahead electricity market (DAM) establishment in Former Yugoslav Republic of Macedonia (FYROM). In its statement, the Energy Community Secretariat said that on January 25 the project was launched to last three months and to […]
Albania won arbitration against Hydro S.R.L. over Kalivac HPP
The Republic of Albania won arbitration over hydropower plant (HPP) Kalivac against Italy’s Hydro S.R.L, Albanian infrastructure and energy ministry announced. The International Court of Arbitration ruled in favor of Albania in a breach of contract in the Kalivac construction case and the Albanian government will receive EUR 172 million in damages. In October 2014, […]
Fintel Energia to conduct IPO on Belgrade Stock Exchange by mid-year
In the first half of the year, Fintel Energija will conduct the initial public offering (IPO) on the Belgrade Stock Exchange in order to secure money for the construction of wind farms in Serbia. This will be the first IPO on the Belgrade Stock Exchange in the last 80 years. Fintel Energija is subsidiary of […]
UPDATE: Montenegro’s MEPX to start trading electricity by the end of this year
Trading at the Montenegrin Power Exchange (MEPX) should begin by the end of this year when a strategic partner is found and an operational process is implemented. The Power Exchange was established last year as a project company. The start of trading on MEPX is expected once a strategic partner is found, the one who will […]
Canadian company abandoned Brodarevo hydro project in Serbia
Canada-based Reservoir Capital have decided to abandon Brodarevo hydro project which included two hydropower plants (HPPs) Brodarevo 1 and Brodarevo 2 on Lim river in Southwest Serbia, with installed capacity of 59 MW. The decision comes after a decade-long development of the EUR 150 million project. Reservoir Capital announced that its wholly owned Serbian subsidiary, […]
HPP Zvornik’s green electricity generation hits daily record as capacity is increased by 15 MW
Two revitalized units of hydroelectric power plant (HPP) Zvornik have been officially put into operation, in what increased the plant’s installed capacity by 15 MW and its life expectancy by 40 years. The well-executed overhaul was demonstrated by the fact that on the first day of the modernized A2 unit’s test run, Zvornik reported a […]