Hidroelectrica buys EUR 1.7 million IT system
Hidroelectrica bought an IT system at a record price of EUR 1.7 million, value-added tax excluded. On March 31, the consortium consisting of Information Business Consulting, Electrica Soluziona, and Indra won the auction for an integrated enterprise resource-planning IT system with business-intelligence management analysis instruments, Business-review.eu portal reported. There will be implemented multiple forms of […]
Yıldız: 4 GW to be added in 2015, mostly from renewables
Turkey will add 4 GW to electricity production capacity in 2015, energy minister Taner Yıldız said, adding 95 percent will be provided through local and renewable resources, Hurriyet daily reported. The statement came after a massive power outage affected more than 76 million people in 80 out of 81 Turkish provinces for up to nine […]
EBRD: Outages, inefficiency rank high in business challenges
Though some improvements have taken place, electricity issues remained the most severe obstacle for firms in Albania, the European Bank for Reconstruction and Development (EBRD) and the World Bank Group said in the summary of fifth Business Environment and Enterprise Performance Survey (Beeps). The report covers countries in the transition region of Central, Eastern and […]
North Cyprus needs cable from Turkey, minister says
North Cypriot minister for environment and natural resources Hakan Dinçyürek pointed to the lack of variety in energy sources in the Turkish Republic of Northern Cyprus, a self-declared state officially recognized only by Turkey. Addressing the Intercontinental Wind Power Congress organized by the Turkish Wind Energy Association and the European Wind Energy Association in Istanbul, […]
Interim deal to keep managing EPCG with A2A
The Government of Montenegro and Italian company A2A, leading shareholders of the Montenegrin electric power industry EPCG, have agreed on an interim agreement for a period of three months, following the expiry of the contract, Independent Balkans News Agency reported. The A2A will continue managing EPCG in the same way it was set out in […]
Smart grids could be Europe’s shale gas
Infrastructure for balancing intermittent solar and wind energy with flexible power demand could do for Europe what shale gas has done for the United States, European Commission Vice President Maroš Šefčovič said on April 2, EurActiv.com and Reuters reported. Smart grids are crucial for EU single energy market plans as they could integrate more renewables […]
Electric power industry’s profit soared last year
CGES (Montenegrin Electrical Transmission System – Crnogorski elektroprenosni sistem) said its last year’s net income was EUR 12.4 million, 4.6 times more than the previous year, while the national power company EPCG’s (Elektroprivreda Crne Gore) profit was raised to EUR 34.77 million, 38% above the result from 2013. Both companies filed reports to Montenegro Stock […]
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. […]