Petrol completes takeover of electricity supplier E3

Slovenian energy group Petrol has completed the takeover of electricity supplier E3, a subsidiary of state-run power distribution company Elektro Primorska, nearly a year after signing an acquisition agreement. Petrol signed the deal to buy 100% of E3 for about EUR 15 million in February 2020, after outbidding Slovenian energy group GEN-I and state-owned electricity […]

HEP ESCO to replace public lighting in Osijek with LED lamps

HEP ESCO, subsidiary of Croatian state power utility Hrvatska Elektroprivreda (HEP), has started a public lighting reconstruction project in the city of Osijek, during which 11,086 LED lights will be installed. The new ESCO/EPC model will enable an annual decrease in electricity consumption for public lighting by 7.5 million kWh and the investment of HRK […]

CEZ receives over 30 letters of interest for Romanian assets

Czech energy group CEZ has received more than 30 expressions of interest for its Romanian assets, which include Europe’s largest on-shore wind farm, the 600 MW Fantanele-Cogealac, and plans to invite prospective buyers to submit non-binding bids in December. The filing of binding offers is planned for the second quarter of 2020, while the transaction […]

Electricity November 14, 2019

Petrol top management steps down unexpectedly

In a surprise move, the three-member top management of Slovenian energy company Petrol, headed by Tomaž Berločnik, has resigned following a meeting with the supervisory board, Slovenian media have reported. Until a new management is appointed, the company will be led by Nada Drobne Popović, who has served as supervisory board chairwoman. In a press […]

Resalta completes lighting project for bERS Logistics in Bulgaria

Resalta has completed a lighting renovation project for logistics company bERS Logistics at its facility in Musachevo, Bulgaria, according to a press release from Resalta. bERS Logistics provides logistics services, including warehousing, shipping and e-commerce support, with facilities throughout Bulgaria. The client chose to renovate lighting at its Musachevo logistics center, near Sofia, in order […]

TENDERING: Šabac district heating operator seeks heat insulation of 40 residential buildings

The Šabac district heating operator, Toplana-Šabac, has invited bids to execute works on energy efficiency measures including heat insulation, thermostatic valves, and heat allocators. The works on the thermo-insulation of 40 multi-storey residential buildings in Šabac in western Serbia will be financed with a EUR 2.5 million loan from the European Bank for Reconstruction and […]