Bulgarian PM has accepted Energy Minister resignation over CEZ deal
Bulgarian Prime Minister Boyko Borisov accepted the resignation of Energy Minister Temenuzhka Petkova who decided to quit her position in order to avoid all doubts about her possible influence in the CEZ deal. Earlier last week, Czech power utility CEZ agreed to sell its Bulgarian assets to the Bulgarian company Inercom, the small family-owned business […]
Regional electricity markets’ outlook for the near future
Author: Dejan Drašković, Chief Operating Officer, Montenegrin Power Exchange Since their emergence, power exchanges have become staunch promoters of market development: neutral entities advocating transparent electricity price formation, based on the current supply and demand. In order to find and secure liquidity, exchanges quickly started taking part in cross-border projects so as to carry out market […]
Network of fast charging stations for electric vehicles in Romania and Croatia
The Romanian renewable energy company Renovatio and Croatia’s telecommunications services provider Hrvatski Telekom said that they will install the first 23 fast charging stations for electric vehicles in Romania by the end of 2018 marking the start of a project to set up a network of 69 fast charging stations and 4 ultra-fast charging stations in the […]
Hidroelectrica launches tender for retrofitting of HPP Vidraru
Romania’s Hidroelectrica has launched the international public tender for the refurbishment of the hydro-power plant Vidraru. The estimated value of the project is EUR 78.98 million (without VAT), to which can be added maximum EUR 1.75 million of unanticipated expenses. The largest energy producer in Romania said it its statement, published by Romanian media, that the […]
Energy Community published Policy Guidelines on prosumers
The Energy Community (EnC) Secretariat has issued Policy Guidelines on the Grid Integration of Prosumers to help self-consumption schemes become fully operative in EnC Contracting Parties. The majority of EnC Member States lacks comprehensive legislation in relation to small-scale renewable plants for self-consumption. The Policy Guidelines defines the “prosumer’’ as an electricity consumer that produces […]
BSE-Sofia takes over Bulgarian Energy Exchange
The state-owned Bulgarian stock exchange (BSE-Sofia) acquired 100% of the Independent Bulgarian Energy Exchange (IBEX) in a deal worth EUR 2.6 million. IBEX was established January 2014, as a fully-owned subsidiary of the state-owned Bulgarian Energy Holding (BEH). “EUR 2 million was paid upon the acquisition of the shares, while the remaining EUR 600.000 will […]
Greece’s PPC plans to invest in wind, HPP and geothermal in Turkey
Public Power Corporation (PPC), the Greek national power generation company is looking to invest in Turkey’s energy market, namely in wind, hydropower and geothermal projects. Manolis Panagiotakis, PPC’s chairman and CEO believes that it is the right time for Greece “to have a vivid presence in Turkey”. Therefore, PPC has been working with an international […]
EPCG inks deal for HPP Komarnica preliminary design plan
Montenegro’s electricity company Elektroprivreda Crne Gore (EPCG) has signed an agreement worth over EUR 1.6 million with a group of bidders from Serbia – Jaroslav Černi and Energoprojekt Hidroinženjering – to produce a preliminary design plan for hydropower plant (HPP) Komarnica. The contractors are also to prepare a feasibility study and an environmental impact study, EPCG has […]