Romanian Hidroelectrica sees healthy profits, plans investments
Hidroelectrica SA has some bold plans for the coming years, as the state-owned hydropower company returned from the brink of bankruptcy to become one of the most profitable companies in Romania. The company has plans to invest over EUR 500 million into modernisation in the next five years. The president of the Board of Directors […]
EPS Supply electricity trade under investigation
The police launched an investigation into Electric Power Industry of Serbia (EPS) due to the suspicious commercial electricity trade conducted by the former company EPS Supply (EPS Snabdevanje) . After the internal control of the state-owned company revealed that there is a suspicion about corrupt activities due to which EPS has lost about 300 large […]
Cheaper electricity from Turkey for Turkish Cypriots seen in the future
The recent agreement between Turkey and Turkish part of Cyprus to supply electricity through an underwater cable has become a threat not only for political solution for the divided island, but also may endanger a progress Cyprus has made in the transition towards a sustainable energy sector. Media reports were expectedly biased over legality of […]
Slovenia and Japan’s NEDO sign smart grid agreement
Slovenia and Japan signed a memorandum of cooperation to coordinate research and demonstration actions for smart grid projects and smart community, and to facilitate cooperation with the state-owned transmission operator. Slovenian Ministry of Economic Development and Technology’s Aleš Cantarutti and the New Energy and Industrial Technology Development Organization (NEDO) chairman Mr. Kazuo Furukawa, signed the […]
Proposed law changes for renewable energy in Romania not in favour of small producers
Small energy producers in Romania claim that proposed law changes for the renewable energy sector are not in their favour. After a public consultation, the Energy Ministry has recently published the draft bill for amending the Law 220 from 2008 which sets the support system for the production of energy from renewable sources. According to the […]
Enel to invest EUR 200 million in digitalisation in Romania
Italian energy company Enel announced plans to invest EUR 200 million in network and equipment digitalisation in Romania, for the 2017-2019 period, according to the newly unveiled business strategy. As a part of a wide corporate changes, Enel Group announced it will invest as much as EUR 4.7 billion in digitalisation of its asset base, […]
Waste-to-energy plant to be built in Albania
Albanian Ministry of Environment has concluded a contract deal with the privately owned company Integrated Technology Waste Treatment Fier to build waste-to-energy (WtE) plant near the city of Fier. The project worth EUR 27.7 million will be operated by the company which is a subsidiary of Integrated Technology Services and the WtE plant will be […]
More bids expected for Morača HPPs construction
Montenegrin Ministry of Economy expects that it will get more offers for the construction of hydropower plants (HPPs) on the river Morača. So far, several memorandums of understanding have been signed and the investors interested in the Morača HPPs construction project are from China, Turkey and Slovenia, the daily Vijesti reported. One of the companies […]