companies

Albania: KESH partners with AFD to modernize Drin River hydropower plants Read More »

Albania: KESH partners with AFD to modernize Drin River hydropower plants

Albania’s state-owned energy company, KESH, has signed a cooperation agreement with the French Development Agency (AFD) for a technical assistance grant valued at €800,000. This grant aims to support operational improvements and enhance oversight of the three major hydropower plants along the Drin River. Through this partnership, AFD will deliver specialized technical expertise to advance […]

North Macedonia: Alcazar Energy and IFC partner on 400 MW wind project Read More »

North Macedonia: Alcazar Energy and IFC partner on 400 MW wind project

Luxembourg-based renewable energy investor Alcazar Energy Partners has signed a development support agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to advance a major wind power project in North Macedonia. The agreement will provide development funding for the initial phase of the Stip wind farm, a 400 MW project

Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project Read More »

Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project

Romanian state-owned electricity producer Hidroelectrica has allocated approximately €20 million (excluding VAT) for advancing the Pascani hydropower plant (HPP) project on the Siret River. The investment focuses on acquiring and installing hydromechanical systems for four gates of the spillway dam. The contract encompasses a full turnkey solution, including design services, construction work, as well as

Romania proposes financial guarantee for electricity market contracts to enhance stability and accountability Read More »

Romania proposes financial guarantee for electricity market contracts to enhance stability and accountability

Romania’s National Energy Regulatory Authority (ANRE) has issued a draft order for public consultation that proposes the introduction of a financial guarantee for electricity market contracts. Set at 30% of the contract value, the guarantee is intended to bring more structure and stability to the electricity trading environment, according to ANRE President George Niculescu. Under

Montenegro: Pljevlja coalmine reports slight decline in profit for 2024 Read More »

Montenegro: Pljevlja coalmine reports slight decline in profit for 2024

Pljevlja coalmine recorded a net profit of 15.06 million euros in 2024, slightly down from 15.2 million euros in the previous year. According to the financial report, the coalmine’s sales revenues in 2024 reached 65.3 million euros, marking a 6.3% decrease compared to 2023. Operating expenses, however, dropped by 2.7%, totaling 57.1 million euros. At

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

Region: Ownership dispute and debt claims strain relations between Srbijagas and Gas Promet Read More »

Region: Ownership dispute and debt claims strain relations between Srbijagas and Gas Promet

Serbian state-owned gas company Srbijagas is currently in a dispute with Gas Promet from Pale, located in the Republic of Srpska (RS), over unresolved property and legal matters. The conflict arose after Srbijagas initiated legal proceedings against Gas Promet, which denies owing a debt of 1.5 million euros and refuses to record it in its

Scroll to Top