Montenegro: EPCG to launch construction of the Gvozd wind farm in July Read More »

Montenegro: EPCG to launch construction of the Gvozd wind farm in July

The Montenegro Power Utility (EPCG) is set to kick off construction of the Gvozd wind farm in July, with plans also in motion for Gvozd 2, a 30-megawatt (MW) expansion, as announced by Milutin Đukanović, the president of the Board of Directors of the state-owned power company. “Based on our projections, construction was slated to commence a year ago. Unfortunately, […]

Serbia: Refinery in Smederevo to be in line with the highest EU standards Read More »

Serbia: Refinery in Smederevo to be in line with the highest EU standards

Serbia’s Minister of Mining and Energy, Dubravka Đedović Handanović, recently finalized a framework agreement with “China Energy International Group” to construct an oil processing plant in Smederevo, aimed at producing derivatives in line with EU standards. This development has sparked discussions regarding the necessity of another refinery in the country and its implications, particularly concerning existing Russian-owned refineries. Handanović

EU and Serbia resolved legal obstacles to the lithium sourcing agreement Read More »

EU and Serbia resolved legal obstacles to the lithium sourcing agreement

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar region, is finalized. Negotiations are in the concluding stages, as mentioned during a significant event in Brussels. The trade agreement, aimed at sourcing critical raw materials from Serbia, has been in the works since last

Serbia: Could EPS expand in the region? Read More »

Serbia: Could EPS expand in the region?

Serbia’s President, Aleksandar Vučić, made it clear that the sale of EPS (Electric Power Industry of Serbia) is not on the agenda. Instead, he announced plans for Serbia to acquire other power companies in the region, signaling a shift towards regional energy consolidation. However, skepticism looms within the professional sphere regarding the feasibility of such an endeavor,

Bulgaria: Bulgargaz claims 400 million euros from Gazprom for gas supply suspension Read More »

Bulgaria: Bulgargaz claims 400 million euros from Gazprom for gas supply suspension

The management of natural gas supplier Bulgargaz decided to seek 400 million euros from Gazprom for the 2022 suspension of fuel supplies. The decision was published by Energy Minister Vladimir Malinov at a news briefing. Gazprom cut off gas supplies to Bulgaria as of April 27, 2022, after Bulgaria refused to pay in rubles as demanded by

Republika Srpska: EFT completed the construction of 60 MW Bileća solar park Read More »

Republika Srpska: EFT completed the construction of 60 MW Bileća solar park

Petar Đokić, Minister of Mining and Energy of the Republika Srpska, announced that the company’s Energy Financing Team completed the construction of the Bileća solar power plant, with an installed capacity of 60 MW. The solar park is located at the Zarečje location and covers 133 hectares. It is estimated that the plant will produce around 84 GWh

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