EPCG joining SEEPEX later this year just the first step in further integration with other power markets
Elektroprivreda Crne Gore (EPCG), national power utility company of Montenegro is currently preparing paper work to become member of SEEPEX, licensed Serbian power market operator. CEO of SEEPEX Miloš Mladenović sees this move as mutually beneficial, one which will provide EPCG with safe and stable energy trading platform, along with increased regional presence and improved […]
World Bank suggesting strategic partner for EPS, Branko Kovačević: that is not good idea
Tony Verheijen, Country Manager of the World Bank in Serbia said that privatization of Electric Power Industry (EPS) would be too complicated, which is the reason for the government to possibly consider strategic know-how partnership for this state power utility. However, Branko Kovačević, President of EPS Supervisory Board thinks that is not a good idea. Verheijen: […]
Romanian Hidroelectrica not insolvent, IPO to follow soon
Hidroelectrica, Romania’s largest power producer is officially solvent, as stated in the final court decision. This move will enable stock-market trade with Hidroeletrica’s shares. Court’s decision is final, and it will unblock Initial Public Offer (IPO) sale of 15% of company’s share. Remus Borza from Euro Insol, court appointed administrator of Hidroelectrica, expects that this share […]
Green certificates for two HEP hydropower plants
Croatian energy regulatory body (HERA), assigned green certificate to two hydropower plants of Croatian state-owned power utility (HEP) earlier this month. The green certificates provide them with a status of privileged producer of electricity from renewable energy sources. However, these two hydropower plants, HPP Orlova and HPP Dubrava, even with green certificate, are not be entitled to receive […]
Government of Cyprus to establish renewable energy agency
The government of Cyprus is planning to establish the renewable energy agency that will draft and implement a national renewable action plan. Legislation to enable this is in the process of preparation. Currently, there are several institutions in charge of renewable energy sources (RES) and climate change policies: the Ministry of Energy, Commerce, Industry and […]
New affair for EPS due to mistake with December electricity bills
Elektroprivreda Srbije (EPS) fired eight managers over a mistake that resulted in higher electricity bills for December. Sequester, the company in charge of reading electricity meters, is to be penalized, management announces. So far EPS has received 1.880 complaints for miscalculated December bills, according to acting director Milorad Grčić. He considers that number negligible considering the total […]
EPS to invest EUR 4.5 billion by 2025
Elektroprivreda Srbije (EPS) plans to invest EUR 4.5 billion into Serbian electric power system, but renewable energy sources still cannot replace coal as the main source of energy, according to the Serbian public power company’s strategy director. “Coal fired power plants will remain the corner-stone of EPS power production in the coming period, along with […]
Albanian government proposes draft law on RES promotion
The new law on promotion of the use of energy from renewable sources (RES) in Albania will contribute to enhancing the security of energy supply, the use of national resources and opportunities for energy production for households and small businesses. These are the key points of the new law on RES presented by Minister of […]
