Hidroelectrica begins procedure for exchange listing
Six months out of insolvency, largest national power producer may be listed at the stock market, Energynomics.ro said. Károly Borbély, Hidroelectrica’s head of strategy and corporate affairs, said the preparations already begun. „It will be possible six months after we come out of insolvency, most likely in the fall of 2016 or early 2017,“ Romanian […]
Electrica exiting two wind energy projects
Citing declining profitability of renewable energy, Romanian utility revealed a plan to terminate the development of two wind parks, which is reflected by financial statements by the management, Business-Review reported. Electrica SA was listed on markets in Bucharest and London in July last year, and made a decision at the time to postpone investment in […]
Customers’ debt to PPC exceeds EUR 2 billion
The amount owed to the Public Power Corporation by its customers topped EUR 2 billion at the end of July, the head of its Genop workers’ union Giorgos Adamidis told the Athens–Macedonian News Agency. He added more than EUR 1.5 billion were households’ liabilities. High voltage accounts for EUR 280 million, where EUR 250 million […]
A2A prolonged contract for another two months
Italian minority stakeholder in national electric power industry EPCG (Elektroprivreda Crne Gore AD Nikšić) agreed with the state government to prolong the contract for another two months, after three similar interim deals from early April. The partnership dates back to 2009, and A2A said negotiations about the future ownership structure are continuing, according to a […]
Phantom energy companies drain government funds
Thermal power plant operators AES and ContourGlobal, alongside renewable energy sources, will remain the primary sources in the energy mix of Bulgaria, a recent document shows. The latest pricing changes show that AES’s Maritsa Iztok-1 and ContourGlobal’s Maritsa Iztok-3 set their share in the system at 20% and 25.2%, respectively, 3e-news.net reported. Meanwhile, according to […]
Draft energy law sent to parliament for adoption
The Government of Montenegro said it approved the Bill on Energy and that the document enables electricity market’s development and creates preconditions for gas market’s development. New regulations, harmonized with EU directives, are aimed at improving the business environment for investing in the construction of energy facilities, the official website said. The bill, prescribes conditions […]
Svilosa paper mill investing in cogeneration
Planned power and heat generation in paper producer Svilosa AD will be able to burn biomass produced by the waste water treatment plant of the nearby town of Svishtov, on the Danube, Publics.bg reported. The Bulgarian company will invest EUR 30 million in cogeneration. The mill will also be boasting a new substation which should […]
Romania interested in exporting power to Serbia
During his visit to Serbia on July 16, Romania’s president Klaus Iohannis said his country is interested in exporting electricity to Southeastern Europe’s markets, including Serbia. The exports could be made through specialized companies that operate on the two markets, he added after meeting his Serbian counterpart Tomislav Nikolić, Business Insider reported. Romania and Serbia […]