UPDATE: Albania suspends tendering for setting up power exchange
Albania’s Ministry of Infrastructure and Energy has decided to suspend tendering for companies and financial institutions interested in becoming shareholders of a joint-stock company which would operate the Albanian power exchange (APEX). In March, the ministry published an invitation to bid, with an April 27 deadline to submit applications. The tendering commission suspends the submission of […]
EPCG’s net profit plunges 35.7% in 2019
Montenegrin state power utility Elektroprivreda Crne Gore’s (EPCG) net profit in 2019 dropped 35.7% against 2018, to EUR 28.3 million, according to EPCG’s annual report. In 2018 the company posted a net profit of EUR 44.1 million. Operating revenues stood at EUR 323 million in 2019, an increase of EUR 20 million compared to 2018, […]
Ecosystem services – nature’s contributions to people
In the past decades, and especially after the 2005 Millennium Ecosystem Assessment, the term ecosystem services has been used in public discourse on an international level for any kind of benefit for people stemming from a sustained process in nature (ecosystems). There are four kinds of ecosystem services: nature’s provisions like food, fuel, genetic resources, […]
Romania temporarily prohibits sale of majority stakes in energy companies
Romania will maintain the state of emergency for at least one more month and until it is abolished, no energy firm can be taken over. Hidroelectrica will thus need to wait longer for its acquisition of ČEZ’s subsidiaries in the country. The state of emergency has been extended for a month, to May 14. Just before […]
Electricity prices to dive 30% in the region – analyst
Electricity prices in the region could fall 30%, said Nickolay Kiskinov, managing partner at Bulgaria-based Vladimirov Kiskinov Attorneys-at-law. The current electricity prices at the power exchange in Bulgaria are mostly similar to those in the European western markets where, after the initial collapse, prospects are beginning to change due to expectations of economic recovery, he said […]
Officials, CEOs, NGOs call for green revival from COVID-19 in EU
An ad-hoc group is pressuring the EU to stay on track with its environmentally friendly economic measures. Heads of companies, business associations and think tanks joined ministers and members of the European Parliament calling on decision makers in Brussels to make sure the revival from the COVID-19 downturn is green. The European Commission reacted to […]
Coronavirus puts medical, infectious waste in security spotlight
The pandemic will change much of the world even if we exclude the heavy blow it inflicted on the economy. It is time for a new approach to various segments of life. The coronavirus and future crises warrant much more careful handling of medical and infectious waste. The latest information shows Serbia and other countries […]
Renewable energy prices rebounded 10% after collapse in March
Renewable energy prices across Europe have recovered after a 15-30% fall in March and rebounded 10% in April. Prices took a substantial hit at the beginning of March, falling between 15-30% across key markets compared to average prices in February, but have largely recovered from March lows, said Pexapark, the provider of advisory services for clean […]
