Energy Community backs certification of transmission system operator CGES
The Energy Community Secretariat supports the certification of the Montenegrin transmission system operator Crnogorski Elektroprenosni Sistem (CGES) in line with the Preliminary Decision of the Regulatory Energy Agency of Montenegro (RAE). RAE is to adopt a final certification decision, taking utmost account of the Opinion of the Secretariat. The Secretariat’s Opinion on the certification of […]
Regional electricity markets’ outlook for the near future
Author: Dejan Drašković, Chief Operating Officer, Montenegrin Power Exchange Since their emergence, power exchanges have become staunch promoters of market development: neutral entities advocating transparent electricity price formation, based on the current supply and demand. In order to find and secure liquidity, exchanges quickly started taking part in cross-border projects so as to carry out market […]
Hungarian HUPX and Serbian SEEPEX sign MoU to create new power exchange
The Hungarian Power Exchange (HUPX) and the Serbian South East European Power Exchange (SEEPEX) have signed a Memorandum of Understanding (MoU) which envisages a merger between the HUPX and SEEPEX spot power businesses. The MoU has also been signed by Serbian transmission system operator (TSO) Elektromreža Srbije (EMS) and its Hungarian peer MAVIR, as well […]
Kovačica wind park secured EUR 142 million from three lenders
Kovačica, a 104.5 MW wind farm under construction in Serbia, has successfully secured EUR 142 million and reached the financial close. The financing in the amount of EUR 142 million is provided by parallel loans from Erste Group Bank AG (supported by the German Export Credit Agency Euler-Hermes), Erste Bank Serbia, and the European Bank for […]
Serbian regulatory agency approved transmission system’s development and investment plans
The Council of the Energy Agency of the Republic of Serbia (AERS) has approved the Transmission System Development Plan for 2017-2026 and Transmission System Investment Plan for 2017-2019. Both Plans were adopted by the state-owned Joint Stock Company Elektromreža Srbije, Serbia’s transmission system operator. The ten-year transmission system development plan was drafted in line with […]
Energy Community chief’s message to Serbian Members of Parliament
Serbia is the first member of the Energy Community to have transposed the Third Energy Package of the European Union, but implementation has been delayed in many areas. The huge obstacle is that the Law on Energy adopted in 2014 is not being implemented. The biggest problem is unbundling of gas company Srbijagas, which is […]
Construction of Trans-Balkan Corridor’s section to start in 2018.
Serbia has been given a grant of EUR 6.6 million by the German development bank KfW to build a section of the Trans-Balkan Electricity Corridor, Serbian Minister of Mining and Energy Aleksandar Antić said. The Minister said that the construction of the section of the power corridor between the towns of Kraljevo and Kragujevac would […]
Serbian section of Trans-Balkan Electricity Corridor put into operation
The Power system operator Elektromreža Srbije (EMS) put into operation the 68 km long Serbian section of a 400 Kv transmission line to Romania, as part of the Trans-Balkan Electricity Corridor project. The EUR 27-million power transmission line is the first completed section of the Corridor. It connects Pančevo, northeast from Belgrade, and Resita in […]
