Central and South-Eastern European countries expand cooperation in energy sector

Photo: European Commission


September 29, 2017






September 29, 2017





Central and South-Eastern European countries, including 9 EU Member States and 8 Energy Community Contracting Parties, have expanded their cooperation in the field of energy under the CESEC initiative to include electricity, energy efficiency and renewable energy. To that end, a memorandum of understanding was signed yesterday at the ministerial meeting in Bucharest.

Ministers of  their respective countries signed in Bucharest a Memorandum of Understanding which complements the Initiative on Central and South-Eastern European Energy Connectivity (CESEC). The initiative was launched in 2015 to enable safer gas supply in Member States in Central and South East Europe, and has been expanded further to include electricity, energy efficiency and renewable energies.

The Memorandum includes a joint approach on electricity markets, energy efficiency and renewable development. It also incorporates a list of priority projects to build an interconnected regional electricity market, as well as specific actions to boost renewables and investment in energy efficiency in a region with vast growth potential in these areas. National roadmaps for improving trading arrangements in the region were also agreed, the European Commission said.

At the meeting , goals and projects in the gas sector was  also discussed. Among other things, the Connecting Europe Facility Grant Agreement for the Krk LNG Terminal in Croatia was initialed.

Securing stable supply through solidarity and cooperation

The European Commission Vice-President for Energy Union Maroš Šefčovič who attended the meeting said that the cooperation under the CESEC umbrella has turned into an exemplary success story, proving that solidarity is the solution.

“Given its rapid accomplishments in the field of gas, we are expanding the scope of the cooperation in the region to electricity, renewables and energy efficiency. It will therefore cover all dimensions of this project of European solidarity that is Energy Union,” he added.

“By extending CESEC’s scope beyond gas, we will ensure effective access to alternative sources of energy, promote competition and lower prices, while also decarbonising the region’s economies,” Commissioner for Climate Action and Energy Miguel Arias Cañete said.

He added that further efforts will be taken to complete the energy infrastructure the region needs.

Minister of Environmental Protection and Energy of Croatia, Tomislav Ćorić, pointed out that the security and stability of the energy market in neighboring countries is important for the stability and sustainability of Croatian market. According to him, it is therefore important to share ideas and promote EU rules in those CESEC countries which are preparing for EU membership.

Minister of Mining and Energy of Serbia, Aleksandar Antić, said that the memorandum guarantees that all countries will work on the energy security not only in the Western Balkan countries, but also other countries that could have problems in the electricity supply during the year.

He pointed out that the Trans-Balkan Electricity Corridor projects are at the top of the list of priority projects. “For Serbia, it is particularly important that the EC has strongly supported the project of constructing the interconnection between Serbia and Montenegro, which is a part of the project of connecting Montenegro and Italy via underwater cable. In this way, whole region will gain access to new electricity markets,”Antić said.

The electricity priority projects under CESEC include: the enhancement of the transmission capacity between Bulgaria, Romania and Greece; the enhancement of the transmission capacity along the East-West corridor from Italy to Romania via the Balkans; electricity connections between Hungary and Serbia; and infrastructures supporting the integration of the Ukraine and Moldova power systems into the European electricity market.

With regards to renewables in CESEC countries, an assessment of the renewable energy potential in the region by 2030 and 2050 will be carried out and best practices and financing tools for the development of renewable energies will be promoted.

On energy efficiency, the focus will be on financing and the use of financial instruments to mobilize private financing as well as on ways to support the development of projects.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

epcg gvozd 2024.

EPCG secures financing for Gvozd wind farm

03 October 2022 - EPCG is blaming the pandemic for the delay in the implementation of the 54.6 MW Gvozd wind farm project, Vijesti reported

CE Oltenia OMV Petrom four PV plants JVs

CE Oltenia, OMV Petrom to build four PV plants through JVs

03 October 2022 - OMV Petrom and CE Oltenia agreed to build four solar parks with a combined capacity of 450 MW at former coal mining locations in Romania

solar wind investments EU price cap

Wind, solar investors threaten to leave Europe because of revenue cap

03 October 2022 - The EU's wind and solar industries are threatening investments could go elsewhere after EU energy ministers voted to roll out revenue caps

German investments Serbia depend availability of green electricity

German investments in Serbia depend on availability of green electricity

03 October 2022 - German government official Franziska Brantner said her country and Serbia share the objectives of a green transition