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 […]
Higher electricity prices possible in Federation BiH on higher incentive fees
The incentive fees for renewable energy sources and cogeneration plants should be increased, said the new head of the Operator for renewables and cogeneration in Federation of Bosnia and Herzegovina. The Government of Federation of Bosnia and Herzegovina (FBiH) is expected to decide on amount of incentive fees aimed at boosting electricity production from renewable […]
Energy Community announces measures to support Western Balkans regional electricity market
The Energy Community Secretariat has published today the Work Programme for the provision of technical assistance to Western Balkan 6 Contracting Parties for supporting the creation of a regional electricity market. It is aimed at removing the existing legislative and regulatory barriers and enhancing the institutional structures necessary for the functioning of the market in […]