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 […]
Norwegian company laid first part of transmission cable
The first, 140 kilometer phase of installing the Tivat‒Pescara underwater line, which shall be 390 kilometers long, was completed in mid-March by Nexans, web portal Analitika said. The Norwegian company is Italy’s Terna’s partner and it is yet to set another 250 km cable, which shall be connected to the first one. Another cable, 500 […]
E.ON completes EUR 8 million investment in energy supply security
Modernization and Scada system integration of E.ON Moldova Distribuţie S. A. substations’ project was completed by E.ON Distribuţie România, Germany’s biggest power supplier’s subsidiary based in Târgu-Mureș, Business-review.eu portal said. The project was co-financed by the European Regional Development Fund (FEDR), following a RON 35 million (EUR 8 million) investment. The project was implemented over […]
Bulgaria’s wind power capacity installed in 2014 at 10.1 MW
Wind farms with a total capacity of 10.1 MW were installed in Bulgaria in 2014, according to the annual Wind Energy Barometer report of EurObserv’ER, reported Bulgarian portal Novinite.com. EurObserv’ER is a consortium dedicated to the monitoring of the development of the various sectors of renewable energies in the European Union. The EurObserv’ER Barometers Project […]
Ahmetaj: In 10-15 years, Albania won’t need power imports
On the second day of Albania Oil, Gas and Energy 2015 Summit in Tirana, minister of economic development, trade, entrepreneurship and tourism, Arben Ahmetaj, stressed in a speech that the reforms undertaken by the country’s government in the energy sector have had positive effect on the economy and that the main goals are the reduction […]
Vienna Forum on European Energy Law unites leading energy experts
The 3rd Vienna Forum on European Energy Law took place at the premises of the Energy Community Secretariat on March 13. The forum, which is a joint initiative between the Florence School of Regulation and the Energy Community Secretariat, brought together over 140 experts from energy companies, regulators, governments, academia and legal firms. The motto […]
Elektroprivreda BiH’s 2014 profit 11.6 times lower year on year
Power producer and distributor JP Elektroprivreda BiH d. d. said its last year’s profit was BAM 3.2 million (EUR 1.64 million), in comparison to BAM 37 million from 2013. In a filing to the Sarajevo Stock Exchange, the company said it earned BAM 952 million last year, 29 million less than in 2013. CEO Elvedin […]
IMF’s 15 percent electricity price hike requirement in agreement with the state
The head of the International Monetary Fund’s mission to Serbia Zuzana Murgašová said 15 percent electricity price hike was part of the agreement with the government, as stated in a memorandum which the country submitted before the deal was closed, Balkans.com quoted reports by Serbian media. Asked by Tanjug how she sees the fact that […]