Romania: Black Sea Oil & Gas launches new biogas business Read More »
Black Sea Oil & Gas SA (BSOG) and its shareholders, global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD) announce that it has launched BSOG Energy SRL, a new company focused on developing biogas production plants across Romania. Headquartered in Bucharest, Romania, BSOG Energy will develop biogas plants across Romania with […]
Greece: Renewable energy production exceeded 8 TWh in the first four months Read More »
In the first four months of 2024, renewable energy sources surpassed fossil fuels in Greece’s electricity mix for the first time, reducing the sector’s emissions to a new low. Renewable energy sources plus large hydro accounted for 8.09 TWh of total production from January through April, while natural gas, lignite and oil contributed 498 GWh
Europe: Confirmation of the go-live date for Intraday Auctions on June 13 Read More »
Following extensive testing and go-live preparation for the upcoming Intraday Auctions (IDAs), Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) confirmed the IDA go-live date of June 13, 2024, for delivery on June 14, 2024. The first SIDC auction will take place on 13 June 2024 at 3 PM CET. Pricing the intraday
Romania: TMK Hydroenergy commissioned a 1 MW floating solar power plant Read More »
TMK Hydroenergy Power, in partnership with Innovation Norway, developed the first floating photovoltaic energy system in Romania, on the lake of the Grebla hydropower plant, a landmark in renewable energy and produces over 1 million kWh of green energy annually. The initiative represents a pioneering action and marks a significant step towards sustainability, through the simultaneous
BiH: Electricity production decreased to 1.35 TWh in March Read More »
Gross electricity production in Bosnia and Herzegovina reached 1,351 GWh in March, compared to 1,654 GWh in the same month last year, according to the data published by the Agency for Statistics. In total gross electricity production, hydropower plants participated with the share of 44.8 %, thermal power plants with 50.6% and solar and wind
Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast Read More »
The revised financial projection for 2024, including a 14.2% downward revision of the net profit notified by the management of Hidroelectrica to shareholders, sent the company’s shares down by 2.55%. The revision was prompted by a change in the electricity price outlook, only partly compensated by the higher production forecast. Total operating revenues are rectified
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit. The investment of about 16 million dollars, implemented as part of the recently completed general turnaround, will lead to increased amounts of loaded catalysts.
Serbia: EPS to invest 450 million euros in Kolubara lignite mine Read More »
EPS is investing 450 million euros in new equipment at the Kolubara coal mine to increase its production capacity, the energy ministry Dubravka Djedovic Handanovic said in a press release. The investment also involves the launch of replacement production capacities to enable the exploitation of coal from surface mines, as well as the construction of
Slovenia: HSE fully repays 492-million-euro capital funding Read More »
Holding Slovenske Elektrarne (HSE) has repaid 492-million-euro capital funding received from sovereign holding company SDH in December 2022, SDH said in a statement. HSE has repaid the last 75-million-euro instalment of the funding provided by SDH to bridge its liquidity gap at the end of 2022. -We have been able to return all 492 million
EPS doubles its profit in Q1 Read More »
The Board of Directors of Elektroprivreda Srbije (EPS) Joint Stock Company adopted the Report on the three-year business plan implementation for the first quarter of 2024, revealing that the company’s profit reached 28.3 billion dinars. This figure is twice as high as projected, EPS announced today. The profit marks a five percent increase compared to
