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Serbia: EPS to receive 100 million euros loan for decarbonisation projects Read More »

Serbia: EPS to receive 100 million euros loan for decarbonisation projects

Italian development bank Cassa Depositi e Prestiti will provide a 100 million euro financing package to Serbian power utility Elektroprivreda Srbije to support the decarbonisation process, EPS said in a press release. The initiative aims to bolster renewable energy use, enhance energy sector security, and promote sustainability, supporting Serbia’s plans for renewable energy expansion and […]

BiH: EPBiH launched a tender for TPP Kakanj’s Unit 7 overhaul Read More »

BiH: EPBiH launched a tender for TPP Kakanj’s Unit 7 overhaul

Power utility EPBiH launched an international e-auction for the revitalization of the turbine unit at Unit 7 of the TPP Kakanj. According to tender documentation, the estimated value is around 17.5 million euros including VAT. The deadline for bid submission is July 5. The procedure is planned based on the lowest price criterion. The delivery

Slovenia: Petrol shareholders approve 1.8 euro per share dividend Read More »

Slovenia: Petrol shareholders approve 1.8 euro per share dividend

Slovenian energy group said that its shareholders have approved a gross dividend payment of 1.8 euro per share, scheduled for August 2, up from 0.7 euro paid for the previous year. At their general meeting held on May 23, shareholders approved a dividend payout of 74 million euros from the profit available for appropriation, Petrol

EU gas reduction exceeded targets Read More »

EU gas reduction exceeded targets

The REPowerEU policy has done well so far in its aim of ending Europe’s dependency on Russian fossil fuels by 2027. The target of a 15% reduction in gas use, compared to the average consumption between April 2017 and March 2022, was exceeded in both 2023 and 2024. The Commission has again set the same

Romania considers to build a new hydropower plant with Serbia Read More »

Romania considers to build a new hydropower plant with Serbia

Romanian Ministry of Energy confirmed that the country could join Serbia as an equal partner in the project for a third hydropower plant on the Danube, but it denied that a joint team to coordinate the project was set up and highlighted that the project should be approached with caution since it has an important

Romania considers to build a new hydropower plant with Serbia Read More »

Romania considers to build a new hydropower plant with Serbia

FBiH: EBRD to grant a 25 million euro loan for photovoltaic power plants Gračanica 1 and Gračanica 2 Read More »

FBiH: EBRD to grant a 25 million euro loan for photovoltaic power plants Gračanica 1 and Gračanica 2

The Government of FBiH passed the Decision on granting prior approval for the loan of Elektroprivreda BiH from the European Bank for Reconstruction and Development for the implementation of the Project “Construction of Photovoltaic Power Plant Gračanica 1 and Photovoltaic Power Plant Gračanica 2 in the amount of EUR 25.1 million. According to the decision,

Bulgaria: The share of solar power plants in the electricity network increased by 115% in 2024 Read More »

Bulgaria: The share of solar power plants in the electricity network increased by 115% in 2024

The share taken by photovoltaic plants in the electricity transmission network in Bulgaria increased by 115.01% between January 1 and May 19, 2024, compared to the same period last year, according to the latest data published on Tuesday by the system operator in Bulgaria on its website, BTA informs. According to the data, from the

Bulgaria: The share of solar power plants in the electricity network increased by 115% in 2024 Read More »

Bulgaria: The share of solar power plants in the electricity network increased by 115% in 2024

Greece: The share of coal in the electricity mix fell to 2% in April Read More »

Greece: The share of coal in the electricity mix fell to 2% in April

The remaining lignite-fired power plants in Greece have faded from the picture, as highlighted by latest electricity market data showing the grid’s needs are now being covered by gas-fueled power stations, renewables, hydropower plants and electricity imports. Energy-mix data concerning last week showed that lignite-fired power stations were completely sidelined. Gas-fueled power stations and renewables