Three new signatories join WB6 initiative for energy market integration
Three new signatories have joined the Western Balkan Six (WB6) regional electricity market integration initiative, Energy Community announced. The Romanian transmission system operator CNTEE Transelectrica SA, the Greek transmission system operator IPTO SA and the Greek market operator LAGIE SA have signed the Energy Community’s Western Balkan 6 Memorandum of Understanding (MoU) on regional electricity […]
Power production and distribution companies in the Balkan region – governments still in charge
By Vladimir Spasić, energy journalist and analyst It is not just that the governments in the Balkan region do not consider selling their power utilities, but they covet buying what they sold twenty years ago, or at least buying from their neighbors. This can be illustrated by the announcement of Serbian power utility Eletkroprivreda Srbije (EPS) […]
Parliament of Montenegro adopts Annex of EPCG management contract
The Parliament of Montenegro adopted the Annex of the shareholders’ agreement between the Government and Italian company A2A concerning the management of Electric Power Company of Montenegro (EPCG). The Annex extended the contract on EPCG management until June 30 this year, after the shareholders’ agreement previously expired on December 31, 2016. The decision was published […]
EMS: EUR 21.5 million in loan and grant for Trans-Balkan corridor construction
The state-owned company Elektkromreža Serbia (EMS) signed an agreement on a loan for the construction of a part of Trans-Balkan corridor Kragujevac-Kraljevo with the German bank KfW. The loan agreement which will provide EUR 15 million for the second section of the first phase of the Trans-Balkan corridor construction through Serbia was signed by Jelena […]
CROPEX joins Western Balkan 6 electricity market integration initiative
The Croatian Power Exchange (CROPEX) signed the Western Balkan 6 (WB6) Memorandum of Understanding on Regional Electricity Market Development. By signing the memorandum, CROPEX declared its willingness to participate in the day-ahead electricity market integration project, Energy Community Secretariat reported. The Croatian Power Exchange will join the Programme Steering Committee on day-ahead market integration, whose […]
SINCRO.GRID project to secure regional electricity supply
Four Slovenian and Croatian transmission and distribution system operators (TSOs and DSOs) are implementing the SINCRO.GRID project aimed to secure regional electricity supply. The SINCRO.GRID project implements an innovative cross-border approach with the aim to solve short-term operational security issues impacting Slovenia, Croatia and the whole South-Eastern Europe (SEE) region. A key aspect of the […]
Bulgarian NEK and Austrian EVN agree on debt settlement
Austrian energy company EVN and the Bulgarian National Electricity Company (NEK) reached an agreement to settle a debt worth BGN 192 million (EUR 98,2 million). The settled amount remains unknown, but EVN said in a statement that the agreement will increase its net income by EUR 38 million in the second quarter of this year. […]
Greece, Cyprus and Egypt to be connected with underwater electric cable
Greece, Cyprus and Egypt signed a memorandum on the completion of a study for the construction of the EuroAfrica Interconnector, an underwater electric cable connecting the power grids of those countries with continental Europe. The 1.648 kilometer cable will be one of the longest in the world, with a capacity of 2.000 MW, and the […]