Serbia: MOL to acquire majority stake in NIS in €900M–€1B deal Read More »

Serbia: MOL to acquire majority stake in NIS in €900M–€1B deal

Hungarian energy group MOL is set to acquire a majority stake in Serbian oil company NIS, with the transaction estimated at €900 million to €1 billion, according to Serbian President Aleksandar Vučić. The deal comes as US authorities temporarily extended special operating permissions for NIS, which remains under sanctions due to its Russian ownership structure. […]

Serbia to advance Bistrica pump-storage hydropower project to boost renewable integration Read More »

Serbia to advance Bistrica pump-storage hydropower project to boost renewable integration

Serbia is preparing to advance the long-planned Bistrica pump-storage hydropower project, with initial preparatory activities expected to begin later this year. Full construction will depend on the issuance of a building permit, which authorities anticipate obtaining in 2027, according to Energy and Mining Minister Dubravka Đedovic. The next phase of the project hinges on finalizing

Romania: Doicesti SMR project nears key shareholder vote amid cost uncertainties Read More »

Romania: Doicesti SMR project nears key shareholder vote amid cost uncertainties

Romania’s flagship small modular reactor (SMR) project is nearing a critical milestone as shareholders of Nuclearelectrica prepare to vote on the final investment decision for the NuScale-based SMR development at Doicesti. The extraordinary general meeting is scheduled for 12–13 February and was convened at the request of the Romanian state, the company’s majority shareholder. The

Romania: Vienna Energy Forta Naturala launches 45 MW solar project Read More »

Romania: Vienna Energy Forta Naturala launches 45 MW solar project

A large-scale solar project is moving forward in central Romania after Vienna Energy Forta Naturala, a renewables company backed by Austria’s Wien Energie Group, committed to a major construction contract in Alba county. The company signed an engineering, procurement, and construction (EPC) agreement valued at around €25 million to deliver a 45 MW solar power

North Macedonia: Electricity generation in November 2025 shows strong hydropower growth amid lower thermal output Read More »

North Macedonia: Electricity generation in November 2025 shows strong hydropower growth amid lower thermal output

In November 2025, total electricity consumption in North Macedonia reached 602,989 MWh, while natural gas consumption amounted to 38.9 million cubic meters, coal consumption totaled 284,700 tons, and petroleum product consumption stood at 94,077 tons. According to the State Statistical Office, domestic production covered 85.4% of electricity demand, and 98.3% of coal consumption was used

Bosnia and Herzegovina: Pločno wind farm advances with launch of environmental screening process Read More »

Bosnia and Herzegovina: Pločno wind farm advances with launch of environmental screening process

A proposed wind power project in southern Bosnia and Herzegovina has entered a new phase after authorities in the Federation of Bosnia and Herzegovina received a request to initiate environmental screening procedures. The application was submitted by local developer Energy 3 for the Pločno wind farm, planned near the city of Mostar, which would add

Europe: Ukraine demand auction puts Vertical Gas Corridor’s commercial viability to the test Read More »

Europe: Ukraine demand auction puts Vertical Gas Corridor’s commercial viability to the test

Efforts to boost the appeal of the Vertical Gas Corridor linking the Alexandroupoli LNG terminal with Ukraine have intensified in recent days, as both political and business actors seek to avoid another weak outcome in the LNG transport capacity auction scheduled for today. The tender covers volumes intended for Ukrainian demand in February and is

Serbia seeks to strengthen control of NIS amid ownership restructuring with MOL and GazpromNeft Read More »

Serbia seeks to strengthen control of NIS amid ownership restructuring with MOL and GazpromNeft

Serbia is positioning itself to regain greater influence over oil company NIS as part of a broader ownership reconfiguration involving GazpromNeft and Hungary’s MOL. Minister of Mining and Energy Dubravka Đedović stated that all assets majority-owned by GazpromNeft, including Petrohemija, will be addressed within the framework of a future purchase agreement for NIS. She explained

Serbia: US extends NIS operating license until 20 February under strict conditions Read More »

Serbia: US extends NIS operating license until 20 February under strict conditions

Serbian oil company NIS has been granted additional time to continue its operations after the United States extended its operating authorization until 20 February, according to the Office of Foreign Assets Control (OFAC). The temporary approval allows NIS to remain active but only under a strictly defined and restrictive framework. US authorities clarified that all

Montenegro: EPCG advances construction of Otilovići small hydropower plant Read More »

Montenegro: EPCG advances construction of Otilovići small hydropower plant

Montenegrin state-owned power utility EPCG has taken a significant step forward in expanding its renewable energy portfolio with the construction of a new small hydropower plant (SHPP), following the signing of a turnkey agreement with local engineering firm Vigoris Ecotech. The contract covers the complete project delivery, including detailed design, civil works, equipment supply, installation,

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