Romania: Electrica reports net profit of 25,6 million euros in Q1 Read More »
In the first three months of 2024, EBITDA at the Electrica Group level increased by 170 percent, reaching RON 400.8 million (80.5 million euros), compared to RON 148.7 million (29.9 million euros) achieved in the first three months of 2023. The EBITDA growth was mainly driven by the operational performance of the distribution segment on […]
Romania: Hidroelectrica’s net profit reached 265 million euros in Q1 Read More »
Hidroelectrica records a decrease in operational and financial results for the first three months of 2024 compared to the same period in 2023, in line with the approved budget. Hiroelectrica’s operating margin and net margin decreased by 2 percent and 1 percent, respectively, compared to the same period in 2023, mainly due to the decrease
Bulgaria: Botas to deliver LNG to Bulgargaz in June Read More »
Turkish natural gas and LNG company Botas will supply one liquefied natural gas cargo in June to Bulgaria’s Bulgargaz following the completion of a recent tender. Earlier this month, Bulgargaz launched a tender seeking one cargo of about 1 TWh (3,400,000 MMBtu) for delivery to LNG terminals in Turkiye from June 24 to June 25.
Romania: Electricity production reached 15.4 TWh in Q1 Read More »
Electricity consumption in Romania in the first quarter of 2024 amounted to 12.9 TWh, which is 1% more compared to the same period in 2023, according to the data published by the National Institute for Statistics. Industrial electricity consumption reached 9.78 TWh, which is 1% more compared to last year. Household electricity consumption amounted to
Romania: Romgaz prepares 1.5-billion-euro MTN scheme to finance Neptun Deep project Read More »
Romania’s natural gas company, with Rothschild Bank as its adviser, hired JP Morgan to lead the consortium of banks that will intermediate the sale of bonds on the foreign market under an MTN scheme aimed to finance the Black Sea gas project, Neptun Deep, local media reported. The MTN scheme would reportedly have a size
Croatia: Net electricity production amounted to 1.5 TWh in March Read More »
Net electricity generation in Croatia in March 2024 amounted to 1,457 GWh, which is 13.4% lower compared to March last year (1,682 GWh), according to the data by the Bureau of Statistics. In March, 782 GWh of electricity or 53.7% was produced in hydropower plants, 310 GWh or 21.3% was produced in thermal power plants,
Bulgaria: SENS LSG connected 141 Mwp solar projects to the grid Read More »
A German-Austrian joint venture SENS LSG has connected two solar parks with a combined capacity of 141 MWp to the electricity network. The solar parks, one of 91 MWp and the other of 50 MWp are located in the municipality of Dalgo Pole, where they join SENS LSG’s previously executed project. SENS LSG is a
BiH: HPP Višegrad produced 77.8 GWh in April Read More »
Hydropower plant Višegrad produced 77.77 GWh of electricity in April 2024, which is 24.5% lower compared to the previous month, when electricity generation amounted to 102.97 GWh. HPP generated 376.86 GWh of electricity so far in 2024. In April 223, the hydropower plant produced 125.3 GWh of electricity. HPP Visegrad produced 1,224 GWh of electricity
Greece: Crete offshore wind farm talks to be held after European elections Read More »
Deputy energy minister Alexandra Sdoukou and Crete’s regional authorities have agreed to postpone further talks on the island’s prospective offshore wind farm plan until mid-June, following European Parliament elections. Voting in Greece is scheduled for June 9. Market officials have feared the matter would be delayed over political cost concerns ahead of the European Parliament
Montenegro: EPCG to launch construction of the Gvozd wind farm in July Read More »
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,
