Regulator announces uncorrupted energy exchange operator
In a matter of days, Bulgaria may contract a large foreign operator to organize its energy exchange, the chairman of the Energy and Water Regulatory Commission (EWRC) Ivan Ivanov said in a BTA interview. The choice of such a contractor will make sure the energy exchange will function with the EU rules, Ivanov commented. He […]
HEP selected to supply power to Ljubljana, source says
Poslovni.hr learned that Croatian state power company HEP’s offer was the best out of five offers in a bid to supply Slovenia’s capital Ljubljana with 270 GWh of electricity, for around EUR 12 million, Seebiz.eu reported. In February, HEP won a bid by Slovenian distribution operator SODO for a guaranteed supply of 1.1 TWh in […]
Green energy development parallel to EU accession process
Italy is interested in projects for energy cooperation, including using renewable sources, in the Western Balkans, the country’s foreign minister Paolo Gentiloni said at the end of a meeting between Balkan ministers and some EU ones in Brdo Castle near Kranj. Italy remained firmly committed to region’s nations becoming EU member states, the minister said. […]
Lastva substation’s preparatory works commenced, CGES says
A project worth EUR 23 million for the substation in Lastva Grbaljska has started, CGES (Montenegrin Electrical Transmission System) told Vijesti daily paper. The transmission system is part of the undersea cable connection between Italy and Montenegro. The substation, financed by majority state-owned CGES, is expected to be connected to the grid before the end […]
EBRD prepares loan for EPS restructuring for autumn
The European Bank for Reconstruction and Development plans to grant a EUR 200 million loan in autumn to the Electric Power Industry of Serbia (EPS) for financial restructuring, the bank’s country director for Serbia Matteo Patrone told Tanjug agency. The goal is to finally sign a loan contract for EPS restructuring before the year’s end, […]
Energy efficiency overhaul in kindergardens in Plovdiv
The Municipality of Plovdiv intends to use the proceeds of the grant funds provided by the Kozloduy International Decommissioning Support Fund (KIDSF), administered by the European Bank for Reconstruction and Development and its own financing, to implement energy efficiency measures (supply and installation of equipment and materials) in four kindergartens, within the Project for Energy […]
Hidroelectrica targets EUR 300 million profit for 2015
Gross profit of RON 405 million (EUR 91.8 million) was recorded by Hidroelectrica, Romania’s largest electricity producer, in Q1, more than twice the sum from the company’s best year – 2014, when it reported RON 178 million in the first three months, Business-review.eu portal said. The results were due mainly to the high generation, where […]
Elektroprivreda HZ HB earned EUR 20.43 million in Q1
The seven hydropower plants operated by Elektroprivreda HZ HB, one of three national electricity utilities, generated 758.07 GWh in the first three months of this year, 16.45% more than planned, the company said on its website. This public enterprise said it earned BAM 39.96 million (EUR 20.43 million), citing relatively favorable hydrological situation and high […]
