HEP books rise in profit in six months through June
Unaudited financial reports for the first half of the year showed Croatian government-owned power utility HEP Group’s unconsolidated net profit climbed to HRK 1.22 billion (EUR 163 million) from EUR 126 million in the equivalent period of 2015, due to higher financial income and lower operating expenses. Investments jumped 72.5% to EUR 23.3 million. They […]
Investment in buildings would boost energy security – BPIE report
The latest report by the Buildings Performance Institute Europe (BPIE) finds Slovakia and Hungary face a severe risk, and Bulgaria a substantial risk to become unable to heat the national building stock. The report presents the new Building Vulnerability Indicator and offers an alternative solution to mitigating supply risks in Central and Southeastern Europe through […]
HEP bolstering electricity supply in coastal areas
HEP Group said its Operator of Distribution System (HEP ODS) is investing more than HRK 500 million (EUR 66.8 million) in coastal areas aimed at contributing to Croatian tourism. The investments will allow for a significantly more secure supply of consumers on the Adriatic coast, as during the summer months their number is growing, the government-owned […]
MEPSO inaugurates Skopje–Tetovo powerline
Electricity Transmission System Operator of Macedonia (MEPSO) officially marked the inclusion of reconstructed highline Skopje–Tetovo into the electric network in Jegunovce in the country’s northwest. The length of 110 kV overhead connection is 48 kilometers and the total worth of the investment exceeds EUR 4 million, the MEPSO said. The power line is set on 187 columns […]
EBRD funds clean technology in Tüpraş, Şişecam
A long-term loan agreement of EUR 42 million was signed by the European Bank for Reconstruction and Development and glass producer Türkiye Şişe ve Cam Fabrikaları AŞ (Şişecam), with the aim to finance recycling and energy efficiency. The bank said it will also support the largest resource efficiency program in the Turkish industrial sector to […]
Slovinj wind park planned for 130 MW
A wind power plant project of Vjetroelektrane d.o.o., registered in Glamoč, is still waiting for an environmental permit. The facility planned for construction in the municipality in the southwest of Bosnia and Herzegovina will have 49 turbines with an overall capacity of 130 MW, portal Akta.ba said it learned, quoting an unknown source. Developers of […]
Enel wins case brought on by government
The Arbitration Court in Paris ruled against Romania’s state energy holdings administration company SAPE SA in the case for alleged breaches of privatization contract by Italian Enel SpA. The government earlier lost processes involving E.ON and ČEZ, which had also acquired branches of state-owned Electrica SA. The current case was for damages of over EUR […]
Electrica awards contract to SAP without tender
Power supplier and distributor Electrica Group signed a deal worth EUR 5.2 million with SAP Romania on August 1 after direct negotiation and without public tender, according to a report on Hotnews.ro, republished by Romania Insider. The selected company shall provide maintenance in the segment covered by SAP licenses at the utility’s information technology system. […]
