The Ministry of Spatial Planning, Construction and Ecology of the Republic of Srpska (RS) has suspended the process of issuing an environmental permit for coal exploitation at the Bukova Kosa deposit near Prijedor. This follows a lawsuit filed by the Center for Environment, which challenged the Ministry’s earlier decision to exempt the project from requiring […]
Bosnia and Herzegovina: Electricity imports surge by 600% amid energy sector struggles Read More »
Electricity imports in Bosnia and Herzegovina (BiH) have surged by nearly 600% year-on-year, with the value rising from 17.2 million euros in the first quarter of 2023 to 120 million euros this year. Once a major electricity exporter, BiH has now become a significant importer, with import values surpassing export revenues during the same period.
Europe: EU plans legal path to end Russian gas contracts without penalties Read More »
The European Union is developing legal measures that would allow companies to terminate long-term contracts for Russian gas without facing penalties, citing force majeure. This move is part of the EU’s broader strategy to eliminate its reliance on Russian fossil fuels by 2027. European Commission President Ursula von der Leyen announced that the Commission will
Bulgaria confirms Belene nuclear reactors will not be sold to Ukraine Read More »
Bulgaria will not proceed with the sale of two nuclear reactors from the Belene nuclear power plant to Ukraine, Deputy Prime Minister and Bulgarian Socialist Party (BSP) leader Atanas Zafirov confirmed during a press briefing after a meeting of the BSP Executive Bureau. He emphasized that this decision was made collectively by the ruling coalition,
Three hydropower plants on the Bistrica river near Foča are expected to be completed by the end of 2026, according to Petar Đokić, Minister of Energy and Mining of the Republic of Srpska, one of the two entities of Bosnia and Herzegovina. The Chinese company AVIC is responsible for the construction of the plants, which
Bosnia and Herzegovina: Entities reach agreement on new electricity market law Read More »
The entities of Bosnia and Herzegovina have agreed on the text of a new law that will regulate the country’s electricity market. Along with legislation concerning the electricity regulator and transmission system, the new law lays the groundwork for establishing a Bosnian power exchange, which will be based in Mostar. This development marks a major
Croatia: Janaf extends storage deal with Rijeka Trans Read More »
Croatia’s oil pipeline operator Janaf announced on April 11 that it has extended its storage agreement with local wholesaler Rijeka Trans until the end of July 2027. Under the renewed contract, Janaf will continue to provide storage for 10,000 cubic metres of oil derivatives at its facilities in Omisalj, according to a filing with the
Romania: OMV Petrom and Romgaz advance Neptun Deep project with new exploration well Read More »
OMV Petrom and Romgaz, partners in the Neptun Deep offshore gas project, are preparing to drill a new exploration well as part of their concession agreement commitments. The companies have identified two potential drilling locations, both of which will undergo permitting, though only one site will ultimately be selected for operations. The exploration activity represents
Romania: ENNA Solar expands into romanian market with major solar project acquisition Read More »
Croatia’s ENNA Solar, part of the ENNA Group, has signed an agreement with Austria’s Kraftfeld Energy to acquire a ready-to-build solar project in Romania. The deal includes full ownership of special purpose vehicle PVP Cepheus, which developed the project in Giurgiu county. The 87.5 MW solar plant will be constructed in Mihăilești, approximately 25 km
Montenegro’s state-owned power utility EPCG recorded a net profit of €10.2 million in 2024, marking an 80.5% decrease from the €52.5 million profit achieved in 2023. The company’s pre-tax profit stood at €12.47 million, with retained earnings reaching €70.17 million by year-end. EPCG cited multiple factors for the profit slump, including unfavorable hydrological conditions that
