HSE names new top managers at thermal power plant TEŠ, coal mine Velenje
Slovenia’s state power utility Holding Slovenske Elektrarne (HSE) has appointed new top managers at two of its subsidiaries – Termoelektrarna Šoštanj, which operates the Šoštanj thermal power plant (TEŠ), and Premogovnik Velenje, the operator of the Velenje coal mine, according to two separate press releases on the company’s website. HSE named Viktor Vračar as director […]
E.ON Romania names Manfred Paach new CEO, as Frank Hajdinjak steps down
As of October 1, Manfred Paach will serve as new CEO of German power utility E.ON’s operations in Romania. He will take over from Frank Hajdinjak, who has held the reins of E.ON Romania for 11 years, Romanian media reported. Manfred Paach previously served as the CFO of German energy service provider E.DIS, and he […]
Fingrid acquiring new 400 MVA power transformers from Slovenia’s KOLEKTOR ETRA
Slovenia-based KOLEKTOR ETRA has signed a EUR 6 million contract to supply 400 MVA 400/120 kV power transformers to Finland’s transmission system operator Fingrid for its project to improve the electricity transmission connection between the south and north of Finland, according to a press release from Fingrid. The ordered power transformers will be delivered to […]
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 […]
Greece’s new energy minister, Kostis Hatzidakis, announces rescue plan for PPC
Not 24 hours after the polls closed in Greece, the new prime minister, Kyriakos Mitsotakis, has unveiled his cabinet. New Democracy Vice President Kostis Hatzidakis will lead one of the two key ministries – of the environment and energy. The new Greek Environment and Energy Minister Kostis Hatzidakis’ key task will be to tackle the […]
Romania to allow investors to trade electricity from projects under development
Romania’s legislation will be amended to allow investors in energy projects to trade electricity to be generated by projects under development, in order to enable them to raise financing for their investments, Romania Insider reported. Investors in energy projects, particularly those in renewable energy projects, have been urging Romania’s authorities since 2012 to enable them […]