Electricity

Hungary to join Slovenian-Serbian power exchange ADEX in few weeks

djedovic handanovic sijarto budapest adex cooperation

Photo: Emilija Jovanović

Published

March 13, 2024

Country

Comments

0

Share

Published:

March 13, 2024

Country:

Comments:

0

Share

Serbia’s Minister of Mining and Energy Dubravka Đedović Handanović spoke with Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó about joint energy projects and cooperation in the natural gas, oil and electricity sectors. They announced that Hungary would soon join the first regional electricity exchange, the Serbian-Slovenian ADEX.

Dubravka Đedović Handanović and Péter Szijjártó met in Budapest, where they participated in the Balkan Forum. Of note, the Slovenian and Serbian transmission system operators – ELES and Elektromreža Srbije (EMS) – founded the ADEX exchange in December 2022 with European company EPEX Spot.

Đedović Handanović said regional cooperation is the key to achieving energy security and pointed to Serbia and Hungary as a good example. The two countries already cooperate in natural gas supply and they intend to improve oil supply and electricity transmission.

Đedović Handanović: The two countries are jointly building the Pannonian Corridor for the transmission of electricity

In addition to domestic reserves, Serbia has 163 million cubic meters of gas stored in Hungary. Đedović Handanović discussed the dynamics of using the stored quantities, and conditions to secure supplies for the next winter, her ministry said.

Serbia and Hungary are jointly building the Pannonian Corridor, which would double the bilateral electricity transmission capacity. The investment is estimated at EUR 100 million, and the goal is to finish it in the next four years.

Szijjártó: The security of supply remains a priority for Hungary

The plan is for Hungary to join the first regional electricity exchange, which Serbia established with Slovenia, within the next several weeks, Đedović Handanović revealed. She added it makes a good foundation for a single regional electricity market and highlighted it as an example of cooperation between a European Union member state and a country in the accession process.

Péter Szijjártó thanked his counterpart for cooperation, confirming that Hungary would join the regional electricity exchange, and stressed that the security of supply remains the country’s priority.

Hungary won’t jeopardize energy security to fulfill any political and ideological wishes, he underscored.

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

Renera-kicks-off-50-MW-floating-solar-power-project-Romania

Renera kicks off 50 MW floating solar power project in Romania

24 April 2024 - Renera Energy is developing a 50 MW floating photovoltaic project in Romania. It would now probably be the biggest in Europe.

Renewables-Greece-get-shortcut-grid-connection-PPAs

Renewables in Greece get shortcut to grid connection with PPAs

23 April 2024 - Renewables projects in Greece with PPAs with energy-intensive industrial consumers get priority in the transmission grid connection queue

Brite Solar agrisolar panel plant Greece 2024

Brite Solar to complete agrisolar panel plant in Greece by end-2024

23 April 2024 - Greek startup Brite Solar is building a production line in Patras for transparent solar panels for agrivoltaic production

green wolt scotland floating wind farm

Green Volt, world’s largest floating wind project, obtains planning approval

23 April 2024 - The project has now received all its planning approvals and remains on track to be the first commercial-scale offshore wind farm in Europe