State-owned coal-fired thermal power plant Maritsa East 2 experienced a loss of 51.5 million euros in 2024, a significant downturn compared to a profit of 29 million euros in 2023 and a nearly 610 million euros profit in 2022. This decline is primarily due to falling wholesale electricity prices. Although the plant increased electricity sales […]
According to Edhem Bicakcic from the national CIGRE committee, Bosnia and Herzegovina’s electricity imports in the first half of 2025 increased fourfold compared to the same period in 2024, reaching a cost of 163.5 million euros. Official data from the Independent System Operator and the Statistics Agency show that domestic electricity generation totaled 6.6 TWh
Albania: KESH launches insurance tender for mobile gas-fired power plants in Vlore Read More »
Albanian state-owned power company KESH has launched a tender to obtain insurance coverage for two mobile gas-fired power plants and their associated infrastructure located in Vlore, with an estimated budget of around 1.8 million euros. The 12-month insurance policy will cover two barge-mounted generation units along with the permanent facilities they depend on. These assets
Slovenia: Šoštanj coal plant shifts focus to district heating amid plans for phase-out Read More »
Slovenia’s last remaining coal-fired power plant, Šoštanj, has shifted its focus in 2025 to prioritize district heating over electricity generation. Although extensive refurbishment of its 600 MW Unit 6 is nearing completion, the unit will remain offline until late September when colder weather increases heating demand. In line with Slovenia’s plan to phase out coal
Romanian natural gas transmission system operator Transgaz has successfully completed the Danube River undercrossing, a critical section of the Tuzla-Podisor gas pipeline. The tunnel stretches 1,813 meters and reaches a maximum depth of 67 meters beneath the riverbed, making it one of Europe’s most ambitious horizontal directional drilling (HDD) projects. During construction, engineers encountered unexpected
The Montenegrin Government has approved a 50 million euro loan request from the state-owned power utility EPCG. The funds, obtained through a long-term loan from Erste Group Bank, will be used to finance electricity imports throughout 2025. This borrowing is necessary to offset the impact of the March 31 shutdown of the coal-fired Pljevlja thermal
North Macedonia: Day-ahead electricity trading surges 21.7% in June 2025 Read More »
In June 2025, North Macedonia’s day-ahead electricity exchange recorded a traded volume of 94,654.8 MWh, marking a 21.7 percent increase compared to 77,782.1 MWh in the same month the previous year. The volume was also 9.7 percent higher than in May 2025. The electricity market operator MEMO reported that the average market-clearing price for June
Greece: Offshore wind ambitions stalled as key approvals remain pending Read More »
Greece had aimed to develop 1.9 GW of offshore wind capacity by 2030, but progress has stalled. The key framework for this plan, the National Development Program, is still awaiting formal approval despite the joint ministerial decision being finalized in October 2024. Nearly a year later, no additional steps have been taken. Consequently, auctions for
Croatia: CROPEX sees rise in electricity trading volume and prices in June 2025 Read More »
In June 2025, a total of 1,204,390.1 megawatt-hours (MWh) of electricity was traded on the Croatian energy exchange CROPEX, marking a 1.6 percent increase compared to May. Of this volume, 970,978.1 MWh was traded on the day-ahead market and 233,412 MWh on the intraday market. Compared to June 2024, this represents a 23.9 percent year-on-year
Bulgaria: ICGB launches annual capacity auctions to strengthen regional gas security Read More »
ICGB, the operator of the Greece-Bulgaria gas interconnection (IGB pipeline), has announced its annual capacity auctions for the bilateral gas corridor. Firm capacity rights will be available for bidding on July 7, followed by auctions for interruptible capacity on July 21. Capacity at the border points with the Trans-Adriatic Pipeline (TAP) and the Greek gas
