Hidroelectrica exits insolvency, preparing IPO
The biggest privatisation in Romania’s history is underway after the main court in Bucharest ruled Hidroelectrica SA isn’t insolvent anymore, Act Media reported. The company will be listed when the best conditions for pricing are achieved, minister of energy Victor Georgescu said at a press conference on June 24. Hidroelectrica will focus on modernization, investments […]
Sokolac seeking partner in district heating PPP
A call for the implementation of renewal, expansion, operation, maintenance and delivery of heat was placed by the Municipality of Sokolac in East Sarajevo. The European Bank for Reconstruction and Development, which published the notice, financed the documentation for the pilot project within the Regional Energy Efficiency Programme (REEP), approved under the Western Balkans Investment […]
Petrol sells stake in Gen-I to Gen-EL
IG energetski sistemi (IGES) d.o.o., part of Petrol Group, agreed to accept EUR 45.1 million for its half of ownership in electricity and natural gas supplier Gen-I d.o.o., headquartered in Krško, in a deal with Gen-EL d.o.o. The transaction will be carried out in two parts: one by the end of this year, following the […]
IBEX in talks about coupling with Greece, Romania
Independent Bulgarian Energy Exchange (IBEX), part of state-run Bulgarian Energy Holding (BEH), is negotiating about the integration with markets in Greece and Romania through coupling, chief executive Konstantin Konstantinov said, Reuters reported on June 16. The bourse’s trade volume is 250 MWh a month on average, much more than Serbian SEEPEX and Croatian CROPEX, the […]
EBRD plans loan for CEZ Distribution’s grid in Bulgaria
The proceeds of a loan being considered by the European Bank for Reconstruction and Development are set to be used by CEZ Distribution (Razpredelenie) Bulgaria a.d. The target date for the final review of the senior package of EUR 116 million is September 7, the project summary document states. EBRD said the electricity distribution company […]
A2A and Government of Montenegro reach agreement
Italian partner A2A will remain to be co-owner in Montenegrin Electric Power Company (EPCG), while the second block of thermal power plant Pljevlja will still be built. Domestic media reported only an official confirmation is expected from A2A about the agreement for the next five years. The facility will cost EUR 340 million, mostly financed […]
Government of Serbia regulates incentives for renewables
Producers of electrical energy from renewable sources and power and heat in high efficiency cogeneration got incentives regulated by long-awaited decrees on measures and the procedure for acquiring the so-called privileged status. The Government of Serbia adopted the by-laws alongside the model for a standard power purchase agreement (PPA). The stimulation comes with a clause […]
EPS to invest EUR 1 billion in environmental protection
The construction of the desulfurization system in thermal power plant Kostolac B is almost complete. When it is commissioned, emissions of sulphur dioxide will be under 200 milligrams per cubic metre, in line with European Union regulations, said Milorad Grčić, acting chief executive of Electric Power Company of Serbia (EPS). He said the state-owned utility […]
