Hidroelectrica posts record six-month profit of EUR 207 million in H1
Romania’s state-owned power utility Hidroelectrica has reported a record six-month gross profit of RON 962 million (around EUR 207 million) in the first half of 2018, Business Review reported. The result, which was up 34% compared to H1 2017, was mainly attributable to cost control. In H1 2018, Hidroelectrica had turnover of RON 1.99 billion (EUR […]
Company established for HPP Buk Bijela’s construction
Public power utility Elektroprivreda Republike Srpske (ERS) and its subsidiary Hidroelektrane na Drini have established a Foča-based joint venture, Hidroelektrana Buk Bijela, for the production and sale of electricity, news agency Srna reported. The agreement on the establishment of the joint venture was signed by ERS acting director Radmila Čičković and Nedeljko Perišić, director of […]
Power utility EPBiH swings to EUR 15 million net profit in H1
Power utility Elektroprivreda BiH (EPBiH) reported a net profit of around BAM 28 million (some EUR 15 million) in the first half of 2018, after posting a loss of nearly BAM 23 million (about EUR 12.4 million) in H1 2017. The financial data is partly due to poor hydrological conditions and bad weather last year […]
Greece’s first wind turbine factory starts production
The first Greek wind turbine factory, operated by Eunice Wind, has launched production in the town of Mandra in the west of Attica, some 30 km from Athens, Greek news agency ANA-MP reported. Eunice Wind is part of Eunice Energy Group. The factory manufactures EW-16 THETIS, the small wind turbine with a rated power of […]
Macedonia taking steps to market-based support scheme for renewables
Macedonia has recently taken legislative steps toward introducing a market-based support scheme for renewable energy, as well as prosumers that would produce electricity for self-consumption and feed surpluses to the grid. The 2018-2020 Economic Reform Program (ERP), produced as part of the country’s EU accession process, provides a timeline for preparing implementing regulations and carrying […]
Croatian Energy Market Operator to become part of Croatian Transmission System Operator
The Croatian Energy Market Operator (HROTE) will be part of the Croatian Transmission System Operator (HOPS), while the Croatian Environment and Nature Agency will become part of the Ministry of Environmental Protection and Energy. This is the outcome of the Croatian government’s decision on the reduction of the number of state agencies, institutes, funds, companies, […]
CEDIS to invest EUR 81.6 million in distribution network, tendering expected by end-October
Tendering for the selection of equipment suppliers and contractors for a project worth EUR 81.6 million to revitalize the Montenegrin power distribution network is expected by the end of October, while the start of the works is planned for February next year. The investments will be implemented by the Montenegrin distribution system operator (DSO), Crnogorski elektrodistributivni […]
Deals signed to build two more biomass-fueled CHP plants in Croatia
Two more biomass-fueled combined heat and power (CHP) plants are to be built in Croatia, according to an announcement from a subcontractor on the distributed production project. The biomass-fueled CHP plants will be built in Županja in the east of Croatia, close to the border with Bosnia and Herzegovina, and Virovitica near the Hungarian border. […]