IPTO, ESO, Transelectrica agree on Thessaloniki as seat of new SEE Regional Security Coordinator
IPTO, ESO and Transelectrica have agreed on establishing a new Regional Security Coordinator (RSC) for Southeast Europe in Thessaloniki, Greece, following long negotiations between the Greek TSO, the Bulgarian TSO and ENTSO-E. All the stakeholders have confirmed the decision for Thessaloniki to be the location of the new SEE RSC and all three NRAs have […]
Antigraft panel calls for review of Mavrovo SHPPs plan
North Macedonia’s State Commission for Prevention of Corruption closed a case involving deputy prime minister Kocho Angjushev as it found that he has made known his interest in the operations of MHE Topolki Doo in line with the law. At the same time, the independent body urged policymakers to reassess the environmental impact of small […]
EIB adopts new energy lending policy, to stop financing fossil fuel projects from end-2021
The European Investment Bank’s (EIB) Board of Directors has agreed on a new energy lending policy which envisages that the bank will stop financing fossil fuel projects from the end of 2021. The EIB will no longer consider new financing for unabated, fossil fuel energy projects, including gas, from the end of 2021 onwards, the […]
Italy-Montenegro undersea power interconnector put in operation
Italian energy company Terna has put in operation an undersea power interconnector between Italy and Montenegro, built in an investment of some EUR 1.1 billion. Italian President Sergio Mattarella and his Montenegrin counterpart, Milo Đukanović, pressed the button to switch the cable on, according to Montenegrin media. The undersea power interconnector links the electrical substations […]
BiH to open talks on EUR 15 million KfW loan for PHE Čapljina modernization
The Council of Ministers of Bosnia and Herzegovina has accepted a proposal by the Ministry of Finance and Treasury to open negotiations with the German development bank KfW on a EUR 15 million loan for a project to modernize pumped-storage hydropower plant PHE Čapljina. PHE Čapljina, which operates as part of public power utility Elektroprivreda […]
CEZ receives over 30 letters of interest for Romanian assets
Czech energy group CEZ has received more than 30 expressions of interest for its Romanian assets, which include Europe’s largest on-shore wind farm, the 600 MW Fantanele-Cogealac, and plans to invite prospective buyers to submit non-binding bids in December. The filing of binding offers is planned for the second quarter of 2020, while the transaction […]
China wants in on Crete power link, joins Minos solar project
China’s president Xi Jinping left Greece with 16 bilateral deals, after an official three-day visit, where the focus was placed on the most populous country’s massive Belt and Road Initiative for infrastructure, manufacturing and trade across Asia, Africa and Europe. The projects include the interconnection cable which is planned to be installed between Crete and […]
BiH, Serbia unlikely to meet 2020 renewables targets – Energy Community
Bosnia and Herzegovina, and Serbia are unlikely to meet the 2020 renewables targets, while the situation in Albania, Kosovo* and North Macedonia remains questionable, the Energy Community Secretariat said. This week, the Energy Community Secretariat hosted three consecutive events on how to boost renewables and facilitate their integration into the energy market to enable the […]
