State-owned power utility EPS has announced that public consultations for the environmental and social impact assessment (ESIA) of the planned Bistrica pumped-storage hydropower plant will be held on 13–14 May. This marks a key step in the project’s regulatory and community engagement process. EPS recently confirmed a delay in finalizing the draft Environmental Impact Assessment […]
Greece: PPC advances 490 MW solar project at former Megalopoli coal site Read More »
Greece’s Public Power Corporation (PPC) has launched the second phase of its major 490 MW solar power project in Megalopoli, marking a significant step in the country’s transition from coal to renewable energy. Located in southern Greece, the site was formerly home to one of the country’s key lignite mining operations, now being repurposed as
Croatia’s state-owned power utility HEP has taken a key step toward expanding its renewable energy portfolio by submitting an application for an environmental impact assessment (EIA) for a proposed floating solar power plant. According to the Croatian Ministry of Environmental Protection, the plant would have an installed capacity of 12 megawatts (MW) and be located
Montenegro: EPCG reports €5 million benefit from solar energy projects Read More »
Montenegrin power utility EPCG has announced the results of its Solari 3000+/500+ and 5000+ solar projects, which ran from 1 April 2024 to 31 March 2025. The report reveals that consumers have collectively saved nearly 5 million euros during this period. A total of over 7,000 users have participated in the projects so far, with
Serbia: EPS posts €92 million Q1 profit, advances in renewables despite hydropower slump Read More »
State-owned Serbian power utility Elektroprivreda Srbije (EPS) reported a net profit of €92 million in the first quarter of 2025, surpassing expectations despite a reduction in electricity prices for businesses of up to 20% year-on-year. The strong financial performance has been attributed to improved operational efficiency and a secure energy supply during the winter. While
Romanian state-controlled electricity producer Hidroelectrica reported a sharp year-on-year decline in electricity output for the first quarter of 2025, with gross generation falling 38% to 2,735 GWh. Net production mirrored this decline, also down 38% to 2,656 GWh. Electricity sales dropped by 36% to 2,843 GWh, while electricity purchases rose 10% to 196 GWh. The
Bulgaria cuts wholesale gas price by 14.2% for May 2025 Read More »
The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 14.2% reduction in the wholesale price of natural gas for May 2025. The new price stands at approximately €32.90 per megawatt-hour (MWh), excluding VAT and excise duties. This marks the second consecutive monthly decrease, following a 14.3% cut in April. The price reduction
Montenegro’s state-owned power utility EPCG recorded a net profit of €10.2 million in 2024, marking an 80.5% decrease from the €52.5 million profit achieved in 2023. The company’s pre-tax profit stood at €12.47 million, with retained earnings reaching €70.17 million by year-end. EPCG cited multiple factors for the profit slump, including unfavorable hydrological conditions that
Montenegro’s state-owned power utility EPCG has terminated its second tender for the design and construction of the Otilovici small hydropower plant after rejecting all submitted proposals. The public procurement commission dismissed bids from three consortia led by local firms Vigoris Ecotech, Permonte, and Elnos Crna Gora. While all three offers aligned with the tender’s estimated
State-owned power utility EPS has announced a delay in completing the draft environmental impact assessment (EIA) study for the Bistrica pump-storage hydropower plant project, citing recent changes in legislation as the primary reason. The study is being developed in line with Serbia’s Law on Environmental Impact Assessment and based on guidelines issued by the Ministry
