Hidroelectrica launches tender for retrofitting of HPP Vidraru
Romania’s Hidroelectrica has launched the international public tender for the refurbishment of the hydro-power plant Vidraru. The estimated value of the project is EUR 78.98 million (without VAT), to which can be added maximum EUR 1.75 million of unanticipated expenses. The largest energy producer in Romania said it its statement, published by Romanian media, that the […]
Energy Community published Policy Guidelines on prosumers
The Energy Community (EnC) Secretariat has issued Policy Guidelines on the Grid Integration of Prosumers to help self-consumption schemes become fully operative in EnC Contracting Parties. The majority of EnC Member States lacks comprehensive legislation in relation to small-scale renewable plants for self-consumption. The Policy Guidelines defines the “prosumer’’ as an electricity consumer that produces […]
BSE-Sofia takes over Bulgarian Energy Exchange
The state-owned Bulgarian stock exchange (BSE-Sofia) acquired 100% of the Independent Bulgarian Energy Exchange (IBEX) in a deal worth EUR 2.6 million. IBEX was established January 2014, as a fully-owned subsidiary of the state-owned Bulgarian Energy Holding (BEH). “EUR 2 million was paid upon the acquisition of the shares, while the remaining EUR 600.000 will […]
Greece’s PPC plans to invest in wind, HPP and geothermal in Turkey
Public Power Corporation (PPC), the Greek national power generation company is looking to invest in Turkey’s energy market, namely in wind, hydropower and geothermal projects. Manolis Panagiotakis, PPC’s chairman and CEO believes that it is the right time for Greece “to have a vivid presence in Turkey”. Therefore, PPC has been working with an international […]
EPCG inks deal for HPP Komarnica preliminary design plan
Montenegro’s electricity company Elektroprivreda Crne Gore (EPCG) has signed an agreement worth over EUR 1.6 million with a group of bidders from Serbia – Jaroslav Černi and Energoprojekt Hidroinženjering – to produce a preliminary design plan for hydropower plant (HPP) Komarnica. The contractors are also to prepare a feasibility study and an environmental impact study, EPCG has […]
Energy Community report: Weak sanction regime should be reformed
Reforming the current weak sanction regime under the Energy Community Treaty is seen as an instrument to improve the track record of the Contracting Parties in implementing the Energy Community acquis. The Energy Community Secretariat said this in its latest report Knocking on the EU’s Door through the Energy Community: Integration of Western Balkans into […]
Electrica to invest EUR 190 million in energy efficiency and quality of services
Electrica Group, leader in electricity distribution and supply in Romania, has announced its plan to invest over EUR 190 million (RON 900 million) this year in rehabilitation and upgrade of the distribution networks. The goal of this year record investment is to increase the quality of service by 40 percent and energy efficiency and to reduce […]
Hungarian HUPX and Serbian SEEPEX sign MoU to create new power exchange
The Hungarian Power Exchange (HUPX) and the Serbian South East European Power Exchange (SEEPEX) have signed a Memorandum of Understanding (MoU) which envisages a merger between the HUPX and SEEPEX spot power businesses. The MoU has also been signed by Serbian transmission system operator (TSO) Elektromreža Srbije (EMS) and its Hungarian peer MAVIR, as well […]