Serbia to turn its electricity giant EPS into joint stock company
Citizens may get 15% of Elektroprivreda Srbije or EPS this year as the Government of Serbia plans to change its status from a public company to a joint stock company. It informed the International Monetary Fund in a letter of intent that it is transforming the power producer with the help of the European Bank […]
Serbia seeks to privatize district heating operator, hydraulic engineering firm
The Ministry of Economy has invited letters of interest in the privatization of Energetika, which provides district heating services in Kragujevac, the fourth-largest city in Serbia. The letters of interest, which are to contain a proposal of a privatization model, an indicative purchase price, an investment program, a framework business plan, and the number of […]
Montenegro accelerates takeover of A2A shares in EPCG
The Government of Montenegro intends to increase the ownership in public power utility Elektroprivreda Crne Gore (EPCG) in May from 57,01 to 70,16%, instead of initially planned 63%. This is envisaged by the Proposal of the Contract on the execution of put option, which the Montenegrin Government adopted and submitted it to the National Assembly, […]
Croatian HEP to get hydropower plants back prior to partial privatization
The Croatian government has put up for public debate its draft law on waters that would give back to the Croatian Electricity Company (HEP) ownership of hydro-power plants, Croatian media reported. Experts cited by the media said that would make the HEP more valuable and would bring in more money from the sale of shares […]
10 hydro power plants to be privatized in Turkey during summer
Turkey has decided to privatize 10 hydro power plants (HPP) with total capacity of 256.4 MW, currently owned by the Electricity Generation Company (EUAS). The final offers for the state-owned hydro plants are to be submitted in August, according to the High Privatization Board (OYK) ‘s website, the Anadolu agency’s Energy terminal reported. Deadline for […]
Hydropower plants with 376 MW in total to be privatized
Turkey will sell five hydropower units in Kayseri, Kahramanmaraş and Tokat in the central part of the country, the Official Gazette said, as reported by Anadolu Agency’s Energy News Terminal. The Privatization Administration (ÖIB) announced it will privatize the plants in three lots – Çamlıca in Kayseri, Menzelet and Kilavuzlu plants in Kahramanmaraş, and Almus […]
Electricity distribution to be fully privatized by 2020
Energy and natural resources minister Berat Albayrak announced electricity distribution in Turkey will become fully privatized by 2020 and that distributer companies will be followed closely by the ministry, Daily Sabah reported. He stressed a special office under the ministry will follow the distributors, and that the ones that duly perform their duties will be supported, while […]
PPC eligible for compensation from Admie’s split
The agreement for Independent Power Transmission Operator (Admie SA) clearly states the need for the Public Power Corporation SA (PPC) to be compensated, according to the environment and energy minister Panos Skourletis, who gave an interview to newspaper Agora, Greek Reporter said. “We have agreed for an independent appraiser to determine the exact amount of […]