Bids invited to build North Macedonia’s electricity interconnection with Albania

North Macedonia’s state-owned electricity transmission system operator (TSO) MEPSO has invited bids to build a 400 kV transmission line and a new 400/110 kV substation in the vicinity of Ohrid to provide North Macedonia with an electricity interconnection with Albania. North Macedonia’s electricity interconnection project entails (i) the construction of electricity transmission infrastructure from Bitola […]

IMF calls for raising electricity tariffs in Serbia

Electricity tariffs in Serbia have not changed in two years and should be raised, International Monetary Fund (IMF) Resident Representative in Belgrade Sebastian Sosa has told a news conference, local media reported. Electricity tariffs in Serbia should at least be adjusted for inflation, Sosa said, also noting that the country will have to transition to […]

Croatia’s HEP Group posts EUR 184 million net profit for 2018

Croatia’s state-owned energy company Hrvatska Elektroprivreda (HEP Group) reported a net profit of HRK 1.36 billion (around EUR 184 million) in 2018, an increase of 5% compared to 2017. The profit came from the group’s electricity business, with losses seem in other segments of operations, according to HEP Group’s annual report. HEP Group posted an […]