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: […]
Incentives of EUR 13 million set for green projects
Eco Fund, controlled by the Ministry of the Environment and Spatial Planning of Slovenia, placed an invitation for applications by citizens interested in installing autonomous devices for power supply on roofs. The solar panels financed by a total of EUR 3 million can be mounted on objects with a building permit or adjacent simple facilities […]
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 […]
Environmental protection and sustainable development in the focus of CEDEF event in Novi Sad
Recent announcements that Serbia may soon open Chapter 27 of the acquis have greatly influenced local energy sector, which has seriously started considering and applying environmental standards in both current operations and plans for development. Only several days after the national utility company Elektroprivreda Srbije (EPS) and the Environmental Protection Agency signed a contract on […]
Bulgarian NEK and Austrian EVN agree on debt settlement
Austrian energy company EVN and the Bulgarian National Electricity Company (NEK) reached an agreement to settle a debt worth BGN 192 million (EUR 98,2 million). The settled amount remains unknown, but EVN said in a statement that the agreement will increase its net income by EUR 38 million in the second quarter of this year. […]
Greece, Cyprus and Egypt to be connected with underwater electric cable
Greece, Cyprus and Egypt signed a memorandum on the completion of a study for the construction of the EuroAfrica Interconnector, an underwater electric cable connecting the power grids of those countries with continental Europe. The 1.648 kilometer cable will be one of the longest in the world, with a capacity of 2.000 MW, and the […]
Croatian HEP wins auction for transfer of electricity from renewables in Slovenia
Croatian state-owned utility company Hrvatska elektropivreda d.d. (HEP) has won the auction in Slovenia for the transfer of electricity from renewables for the entire ECO Group during 2017. HEP will be licensed to transfer all the electricity generated in the power plants that are part of the ECO Group system during the course of 2017. […]
Krnovo wind park to start trial production of energy in early 2017
Works on the construction of Krnovo wind power plant near Nikšić are completed and trial production of energy should start early next year after the operating licence is obtained. The Krnovo wind power plant consists of 26 wind turbines, two transmission lines and two substations, maintenance buildings, while planned annual production is between 200 to […]