Electrica lifts profit by 12% year on year in first quarter
Romanian power supplier and distributor Electrica Group posted net consolidated profits of RON 142 million (EUR 31.5 million) in the three months through March, up by 12% from the same period of the previous year. According to the company’s press release, EBITDA was also increased by 12%, to EUR 57.3 million. Operating profit in the first quarter […]
MEPSO working on last stage of Skoplje–Tetovo powerline
State-owned company Electricity Transmission System Operator of Macedonia (MEPSO) has started works on the last stage of 110 kV powerline linking Skopje and Tetovo, news agency MIA reported. The whole project is worth EUR 3.5 million, the company said in a statement. The new powerline will replace the old one, in use for 60 years. […]
Electricity consumption in Romania increases by 8.5%
As local companies used 10.6% more energy, electricity consumption rose 8.5% in the first quarter of the year, data from the National Statistics Institute (INS) showed, according to a report published by Romania Insider. Public lightning was up 1.8%, while individual consumers used 2.4% more electricity. Total production rose by 0.3% year on year, to […]
Supporting scheme for green power amended
Predicting energy generation output in advance will make Turkish electricity market more secure, Mustafa Yılmaz, head of Energy Market Regulatory Authority (EMRA), told Anadolu Agency. According to the recently revised legislation on power plants called the Supporting Mechanism for Renewable Energy Resources, or Yekdem scheme, the electricity registered in the system can be sold on […]
Hydropower plant Perućica beats quarterly production plan
Successful generation results marked the first three months of this year in the oldest large-scale power plant in Montenegro. Hydropower plant Perućica delivered the first volumes of electricity to the electrical power system in May 1960. It was named after well Perućica in its immediate vicinity. Around 385.5 GWh of electricity was generated in the […]
China’s HEAG to build wind farms in Balkans
Huayi Wind Energy Co. Ltd. (HEAG) opened its regional office in Belgrade as official entry into the wind energy market in Serbia and the Balkans, Xinhua reported. HEAG, founded in 2002 in China, has been engaged in the design, manufacturing, sales and maintenance of wind turbines and wind farms. The opening ceremony was attended by […]
Investments in renewables estimated at EUR 7 billion
Romanian Association of Large Industrial Energy Consumers (ABIEC) presented a report drawn up by PricewaterhouseCoopers, entitled ‘The Impact of Support Schemes of Renewable Energy in Romania and Lessons Learnt from EU Countries’, Act Media carried. According to the document, the value of total direct investments is estimated at EUR 7 billion, most of which in […]
IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]