Bosnia and Herzegovina: HPP Višegrad set for major modernization project Read More »

Bosnia and Herzegovina: HPP Višegrad set for major modernization project

The subsidiary company Hidroelektrane na Drini, part of Elektroprivreda Republike Srpske (ERS), has initiated a public procurement process aimed at extending the operational lifespan and improving the efficiency of the Višegrad hydropower plant. The focus of the procurement is the development of a conceptual design and a feasibility study, with an estimated contract value of […]

Slovenia: Geoplin and Sonatrach extend natural gas supply agreement to strengthen energy partnership Read More »

Slovenia: Geoplin and Sonatrach extend natural gas supply agreement to strengthen energy partnership

Slovenian gas company Geoplin and Algeria’s Sonatrach have extended their natural gas supply agreement by two years. The renewed contract was signed during Algerian President Abdelmadjid Tebboune’s visit to Slovenia. Geoplin, part of the Petrol group, stated that the extension ensures a stable gas supply for Slovenia in the coming years. The deal guarantees uninterrupted

Region: Construction of Trans-Balkan Corridor’s third section to begin in mid-2025 Read More »

Region: Construction of Trans-Balkan Corridor’s third section to begin in mid-2025

Construction of the third section of the first phase of the Trans-Balkan Corridor is scheduled to begin in mid-2025. This phase will include building a segment of the route and transmission lines connecting Bajina Bašta, the Montenegrin border, and the Bosnian border. Serbia’s Minister of Mining and Energy, Dubravka Djedović, announced this during a meeting

Serbia explores nuclear energy as key component of long-term energy strategy Read More »

Serbia explores nuclear energy as key component of long-term energy strategy

Serbia is actively considering nuclear energy as part of its future energy mix. Mining and Energy Minister Dubravka Djedovic revealed that a preliminary study is currently underway to guide the next steps. This study is not a final decision but aims to create a roadmap, evaluate available nuclear technologies, and explore how nuclear power could

Romania: Transelectrica posts 52% net profit increase in Q1 2025 driven by higher regulated tariffs and energy volumes Read More »

Romania: Transelectrica posts 52% net profit increase in Q1 2025 driven by higher regulated tariffs and energy volumes

Romanian electricity transmission system operator Transelectrica reported a net profit of approximately 32 million euros in the first quarter of 2025, marking a 52 percent increase compared to the same period last year. The segment related to activities generating allowed profit recorded a positive result of about 26 million euros in Q1 2025, up from

Romania: Hidroelectrica reports significant profit decline amid severe hydrological drought in Q1 2025 Read More »

Romania: Hidroelectrica reports significant profit decline amid severe hydrological drought in Q1 2025

Hidroelectrica reported a net profit of about 119 million euros for the first quarter of 2025, which represents a significant decrease of 56 percent compared to the same period last year. Although the company exceeded budget forecasts in both operational and financial terms, the results were weaker than those recorded in the first quarter of

Montenegro: Permonte selected for solar panel feasibility study along Bar-Boljare highway Read More »

Montenegro: Permonte selected for solar panel feasibility study along Bar-Boljare highway

Montenegro’s state-owned motorway operator, Monteput, has announced that the local company Permonte submitted the most favorable bid in the tender for conducting a technical and economic study on the use of solar panels along the planned Bar-Boljare motorway. This motorway, which will stretch 169 kilometers, is designed to connect Montenegro’s southern Adriatic coast with its

Montenegro: Jugopetrol reports strong Q1 2025 profit growth despite stable sales Read More »

Montenegro: Jugopetrol reports strong Q1 2025 profit growth despite stable sales

Montenegrin fuel retailer Jugopetrol reported a net profit of 1.07 million euros in the first quarter of 2025, a significant increase compared to the approximately 83,000 euros profit recorded in the same period last year. The company’s net sales remained steady at around 47.5 million euros during the first three months of 2025, while operating

North Macedonia: ESM plans new coal mine amid energy transition challenges Read More »

North Macedonia: ESM plans new coal mine amid energy transition challenges

North Macedonia’s state-owned power company ESM plans to open a new coal mine in Zivojno, near the Greek border. The Ministry of Environment and Physical Planning has announced that ESM is currently collecting public feedback on the environmental impact assessment for the project. The consultation period is open until May 15. Local reports indicate that

Greece set to exceed 2030 renewable energy goals with 34 GW capacity Read More »

Greece set to exceed 2030 renewable energy goals with 34 GW capacity

Greece is on track to significantly exceed its official 2030 renewable energy capacity target, with projections indicating that total installed capacity will reach approximately 34 gigawatts. This figure surpasses the 24.7 gigawatt goal outlined in the country’s National Energy and Climate Plan (NECP). The projected expansion includes a broad mix of renewable sources such as

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