EPS sells first megawatts without agent
Elektroprivreda Srbije (EPS), Serbia’s power monopoly, said its Slovenian subsidiary EPS Trgovanje started trading in electricity on Hungarian HUPX market, without a service broker for the first time in 24 years. In the premiere deal, the firm sold 240 MWh at a current price of EUR 43.66 per MWh for the Europeak product, it said. […]
Slovenia plans to build Morača hydro plant with Turkey
President of Slovenia Borut Pahor said possibilities for expansion of cooperation with Turkey exist, namely in constructing the Morača hydroelectric power plant in Montenegro, RTV Slovenija said. At his official visit to Slovenia, the president of Turkey Recep Tayyip Erdoğan agreed with his counterpart and emphasized that cooperation could grow stronger mainly in the fields […]
Gjiknuri-Pagano: Reform in energy sector on right track
After getting acquainted with the measures and steps taken in electricity sector reform, World Bank directors declared that the challenge of Albanian government is very important and the work is on the right track, AlbReporter portal said. Minister of Energy and Industry Damian Gjiknuri received Patrizio Pagano, executive director at WB in Washington, who was […]
Piva hydro plant produced almost 30 TWh in 39 years
Milan Radović, head of Piva hydropower plant, said 146 GWh was produced since the start of the year, in comparison to 782 GWh planned for 2015. He added last year’s investment in equipment was EUR 930,000, national energy company EPCG said on its website. The plant in the country’s northwest has 102 employees. The end […]
KOSTT boosts transmission grid security from EBRD loan
The electricity transmission system operator KOSTT intends using the proceeds of a loan from the European Bank for Reconstruction (EBRD) for achieving full compliance with the N-1 electricity transmission grid security criteria, the bank said. This is a key technical requirement for KOSTT to join the European Network of Transmission System Operators for Electricity (ENTSO-E), which […]
Petrol stock reshuffling continues with new purchase
Petrol, Slovenia’s largest energy group, said a 7.96% stake in its capital was amassed by a unit of J&T Private Equity Group, Cypriot investment firm J&T Investment Opportunities Limited, making it one of the largest individual shareholders. No other details have been revealed beyond the firm being owned by J&T Private Equity Group, which public […]
Albania’s energy consumption continued to rise sharply in 2014
Albania’s consumption of electricity, the leading source of energy, continued to rise sharply in 2014 and, after several years, had a reduction in the level of electricity losses, the national Institute of Statistics (Instat) said. Household consumers increased consumption of electricity by 10.2% from 2013. Electricity consumption in total by customers rose by 10.1% from the previous year, to 5.01 TWh. […]
Albania-Italy cable potentially more profitable than Montenegrin project
Albania is trying to position itself as the export route for cheap Balkan hydropower into Italy, ahead of Montenegro, ICIS reported. An undersea electricity interconnector between the two countries could be more feasible than a cable linking Montenegro and Italy, according to Lorenc Gordani, an energy expert from Albania. The Albanian government signed a memorandum […]