Energy Community report: Weak sanction regime should be reformed
Reforming the current weak sanction regime under the Energy Community Treaty is seen as an instrument to improve the track record of the Contracting Parties in implementing the Energy Community acquis. The Energy Community Secretariat said this in its latest report Knocking on the EU’s Door through the Energy Community: Integration of Western Balkans into […]
Electrica to invest EUR 190 million in energy efficiency and quality of services
Electrica Group, leader in electricity distribution and supply in Romania, has announced its plan to invest over EUR 190 million (RON 900 million) this year in rehabilitation and upgrade of the distribution networks. The goal of this year record investment is to increase the quality of service by 40 percent and energy efficiency and to reduce […]
Hungarian HUPX and Serbian SEEPEX sign MoU to create new power exchange
The Hungarian Power Exchange (HUPX) and the Serbian South East European Power Exchange (SEEPEX) have signed a Memorandum of Understanding (MoU) which envisages a merger between the HUPX and SEEPEX spot power businesses. The MoU has also been signed by Serbian transmission system operator (TSO) Elektromreža Srbije (EMS) and its Hungarian peer MAVIR, as well […]
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 […]