Montenegro: Average household electricity bill in March 2025 drops 6.2% from February Read More »

Montenegro: Average household electricity bill in March 2025 drops 6.2% from February

In March 2025, the average electricity bill for households amounted to 38.48 euros, reflecting a 6.2% decrease from the previous month (41.03 euros) and a 10.7% increase compared to March 2024 (34.76 euros). Zabljak municipality recorded the lowest average bill at 18.3 euros, while Tivat had the highest at 50.8 euros. 59% of households paid […]

Bosnia and Herzegovina: EBRD launches tender for construction of three new solar power plants Read More »

Bosnia and Herzegovina: EBRD launches tender for construction of three new solar power plants

The European Bank for Reconstruction and Development (EBRD) has announced a tender for the design and construction of three solar power plants on behalf of Bosnia and Herzegovina’s state-owned power utility, Elektroprivreda BiH (EPBiH). The tender includes the Podvelezje 3, Gornja Breza, and Visca solar power plants. Interested bidders have until 26 May to submit

Bosnia and Herzegovina: Republic of Srpska grants concession for Nova solar power plant Read More »

Bosnia and Herzegovina: Republic of Srpska grants concession for Nova solar power plant

The Ministry of Energy and Mining of the Republic of Srpska has signed a concession agreement with local company Helios PV for the construction and operation of the Nova solar power plant, to be located in the Trebinje area. The planned solar facility will have an installed capacity of 12.249 megawatts (MW) and is expected

Montenegro plans 4 GW in renewables, seeks stronger energy ties with Italy Read More »

Montenegro plans 4 GW in renewables, seeks stronger energy ties with Italy

Montenegro has plans to develop solar and wind energy projects totaling 4,000 MW, according to Admir Šahmanović, Minister of Mining, Oil and Gas and the Coordinator of the Ministry of Energy. Speaking at the Economic Dialogue Montenegro-Italy round table, Šahmanović emphasized the need for stronger bilateral cooperation in the energy sector and highlighted Montenegro’s strong

Region: Greece highlights importance of gas interconnector with North Macedonia for European energy resilience Read More »

Region: Greece highlights importance of gas interconnector with North Macedonia for European energy resilience

Dimitris Skalkos, Secretary General for International Economic Affairs at the Greek Ministry of Foreign Affairs, emphasized the strategic significance of the upcoming gas interconnector with North Macedonia, stating it will bolster the resilience of Europe’s energy system. His remarks were made during the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the

Romania: Petrol proposes increased dividend amid record profits in 2024 Read More »

Romania: Petrol proposes increased dividend amid record profits in 2024

Slovenian energy company Petrol has proposed a gross dividend of €2.10 per share for the 2024 financial year, marking an increase of €0.30 compared to last year. The proposal, approved by the company’s Supervisory Board, will be presented for shareholder approval at the upcoming general assembly scheduled for the end of May. The dividend increase

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