The Cantonal Court in Sarajevo has annulled two decisions made by the Federal Ministry of Environment and Tourism regarding the proposed construction of the Vranduk and Janjici hydropower plants. These projects, with a combined capacity of 36 MW, are being developed by the state-owned power utility EPBiH and are planned to be built on the […]
Bosnia and Herzegovina (BiH) has significant solar energy potential, with only about 400 MW of its potential utilized so far. The main barriers to further development are issues with grid connection and a lack of incentive programs for households. Although BiH has a strong solar capacity, with panels operating 1,300 to 1,400 hours annually—20% more
Serbia: Fortis Energy to develop 144 MW Juhor wind farm, expands renewable projects Read More »
Turkish renewable energy company Fortis Energy has announced plans to install 20 wind turbines, each with a capacity of 7.2 MW, as part of its 144 MW Juhor wind farm project in central Serbia. Currently in the regulatory and technical planning phase, the Juhor wind farm is expected to generate over 425 GWh of electricity
Romania: Hidroelectrica to complete long-delayed Rastolita hydropower plant by 2025 Read More »
Romanian electricity producer Hidroelectrica is set to complete the long-awaited Rastolita hydropower plant in Mures County by the end of 2025, following government approval to clear over 30 hectares of forest to finalize construction. Energy Minister Sebastian Burduja confirmed that the plant is 89% complete, with more than 144 million euros already invested in the
Montenegro: EPCG confirms stable electricity prices amid TPP Pljevlja reconstruction Read More »
Montenegrin state-owned power utility EPCG has confirmed that electricity prices will remain unchanged for the time being. As the ecological reconstruction of thermal power plant Pljevlja begins, a process expected to last until mid-November, EPCG has secured the necessary electricity imports to cover any shortfall during this period. Approximately 70 million euros have been allocated
Montenegro: Alcazar Energy submits EIA for 119 MW Bijela wind farm Read More »
The Montenegrin Environmental Protection Agency (EPA) has announced that Vjetro Park Bijela, a subsidiary of Luxembourg-based renewables developer Alcazar Energy, has submitted a request for approval of an environmental impact assessment (EIA) for its 119 MW Bijela wind farm. The EIA covers the planned wind farm development in the northern municipality of Savnik, which will
Montenegro: Jugopetrol maintains steady profit in 2024 despite slight asset decline Read More »
Montenegrin fuel retailer Jugopetrol posted a net profit of 7 million euros in 2024, maintaining a similar performance as the previous year. The company’s net sales grew by 1.1%, reaching 255.5 million euros, while its operating expenditures increased by 0.7%, totaling 243 million euros. At the close of 2024, Jugopetrol’s total assets stood at 126.8
The Management and Supervisory Boards of the Croatian oil transportation company JANAF have proposed a dividend payment of 28.81 euros per share to its shareholders. This follows a highly profitable year for the company, surpassing the business goals set by its management. As a result, shareholders are set to receive a substantial dividend as a
A subsidiary of the state-owned power utility ERS, Hidroelektrane na Trebisnjici (HET), successfully met its production target in the first quarter of this year by generating 250 GWh of electricity. This achievement comes after a period of favorable rainfall, which notably improved the water levels in the Bileca reservoir. Milan Mitrovic, the Executive Director for
Bulgaria: Market liberalization won’t raise electricity bills for households Read More »
Energy Minister Zhecho Stankov has assured Bulgarian citizens that the upcoming liberalization of the electricity market will not lead to higher household electricity bills. He emphasized that the government is implementing compensatory measures to protect consumers, with support coming from the Electricity System Security Fund. Stankov clarified that although market liberalization is scheduled to begin
