Fintel Energija to launch IPO on August 1
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, published the prospectus on July 25 for its initial public offering (IPO) on the Belgrade Stock Exchange (BELEX). Fintel Energija, which has a total of 25 million issued shares, will now offer 6.5 million shares at RSD 500 (about EUR 4.24) as part […]
Antitrust watchdog blocks CEZ deal with Inercom
Bulgaria’s antitrust regulator has blocked the sale of Czech energy group CEZ’s assets in Bulgaria to Inercom Bulgaria, local media reported, adding that India Power Corporation could be a possible new buyer. CEZ is seeking to sell its seven companies in Bulgaria which control one-third of the country’s power distribution. The Commission for the Protection […]
EUR 200 million HPP Dabar project draws 19 expressions of interest
Hidroelektrana Dabar, part of hydropower plant operator Hidroelektrane na Trebišnjici (HET), has received 19 expressions of interest (EOI) in a turnkey/engineering, procurement, and construction (EPC) contract for a 160 MW Dabar hydropower plant (HPP Dabar), said Željko Zubac, acting general manager of Hidroelektrana Dabar. The 19 expressions of interest in the HPP Dabar project came […]
HEP signs construction deal for Zagreb CCPP as it secures EUR 130 million in lending from EBRD, EIB
Power utility Hrvatska Elektroprivreda’s (HEP) project to build a new gas-fired combined-cycle gas-turbine plant to replace old and worn-out units at the EL-TO Zagreb combined heat and power (CHP) site will be backed with a total of EUR 130 million in lending from the European Bank for Reconstruction and Development (EBRD) and the European Investment […]
Nevesinje moves closer to 52 MW Grebak, 49.5 MW Trusina wind farm projects
The municipality of Nevesinje is closer to the realization of two wind farm projects – Trusina and Grebak – according to announcements on the municipality’s website. Zlatko Mandžuka, top man of Nevesinje-registered energy firm Eol Prvi, said that he expects the construction permit to be issued and a wind turbine purchase agreement signed with Denmark’s […]
EPS reports net profit of EUR 28.8 million, distribution subsidiary EUR 20.3 million in 2017
Public power utility Elektroprivreda Srbije (EPS) made a net profit of around RSD 3.4 billion (about EUR 28.8 million) in 2017, according to the unconsolidated audited financial report posted on the company’s website. In 2017, EPS bought RSD 11.4 billion (some EUR 96.6 million) worth of electricity on the domestic market, about RSD 5.9 billion […]
Terna secures financing from EIB, Alpha for two wind farms in Greece
Greece’s Terna Energy Group has secured financing for the construction of two 44 MW wind farms on Mt. Vermio in northern Greece. The European Investment Bank (EIB) extended a EUR 24 million loan, while Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium-term VAT facility. The EIB’s loan […]
EPCG swings to net profit of EUR 42.8 million in H1
Power utility Elektroprivreda Crne Gore (EPCG) had a net profit of EUR 42.8 million in the first half of 2018, the company said on its website, adding that its Board of Directors has adopted a decision on the 2017 consolidated results, which show that EPCG Group’s net profit stood at EUR 1.5 million last year. EPCG’s […]