EPS doubles its profit in Q1 Read More »
The Board of Directors of Elektroprivreda Srbije (EPS) Joint Stock Company adopted the Report on the three-year business plan implementation for the first quarter of 2024, revealing that the company’s profit reached 28.3 billion dinars. This figure is twice as high as projected, EPS announced today. The profit marks a five percent increase compared to […]
North Macedonia: Net electricity production fell to 428 GWh in March Read More »
Gross electricity production in North Macedonia decreased by an annual 35.3% in March 2024, to 455,607 MWh, according to the data published by the statistical office Makstat. In the same period, net electricity generation fell to 427,947 MWh from 661,657 MWh in March 2023. Thermal power plants contributed the largest portion of gross electricity production, but their production
FBiH: EPBiH proposes linear electricity price hike Read More »
Power utility Elektroprivreda BiH has proposed a linear increase in electricity prices to the Regulatory Commission for Energy (FERK) after the regulator declined an earlier proposal for the introduction of tiered electricity pricing. Following the review of the rejected price model, EPBiH has proposed a linear increase of 10% for households and an 8.1% increase for other types of
Slovenia: Algeria to increase its gas supply to Slovenia Read More »
Algeria and Slovenia have signed several cooperation agreements, one of which involves enhancing Algeria’s gas exports to Slovenia. Slovenia’s largest gas supplier Geoplin and Algeria’s state-owned energy company Sonatrach signed an annex to their gas supply contract under which Algeria’s natural gas supply to Slovenia will increase by an additional 200 million cubic meters per
FBiH: Net electricity generation reached 514 GWh in April Read More »
The net electricity production in the Federation of BiH decreased to 514 GWh in April 2024 from 605 GWh in the same month of 2023, the statistical office said in a monthly report. Electricity imports rose to 63 GWh last month from 30 GWh in April 2023, while exports decreased to 110 GWh from 223
Romania: Fitch assigns Romgaz ‘BBB-‘ Rating Read More »
Fitch Ratings has assigned Romanian Romgaz a first-time ‘BBB-‘ Long-term Issuer Default Rating (IDR) with a Stable Outlook. Romgaz’s ‘BBB-‘ rating benefits from a one-notch uplift from its ‘bb+’ Standalone Credit Profile (SCP) for state support, as per our Government-Related Entities (GRE) Rating Criteria. The SCP reflects Romgaz’s dominant position in Romania’s natural gas market,
Slovenia: Electricity generation fell by 25% in April Read More »
The decline in production was influenced by the overhaul of the Krsko nuclear power plant In April in Slovenia, the net electricity production was 877 gigawatt hours. Compared to March (1.374 GWh), this is a decrease of just over a third, and compared to April 2023, almost a quarter. The decline in production was influenced
Romania: Transelectrica signed MoU on establishing Green Energy Corridor Read More »
In the application of the Agreement between the Governments of Azerbaijan, Georgia, Romania and Hungary regarding the Strategic Partnership in the field of green energy development and transport – the “Green Energy Corridor” project, Transelectrica and its counterparts – AzerEnerji JSC, Georgian State Electrosystem and MVM, signed a Memorandum of Understanding by which they agree
Romania: EBRD bought a minority share package in Premier Energy Read More »
Energy company Premier Energy started trading on the Bucharest Stock Exchange after an initial public offering that valued the company at 2.4 billion RON (482 million euros). The European Bank for Reconstruction and Development announced it is taking an equity stake in the company to support investments in renewable energy generation capacity in Romania and
Serbia: Nofar starts building a 26 MW solar park Read More »
Nofar Energy started the construction of a 26 MW solar park in north Serbia, divided into two units that would be connected to the distribution network. The project is worth around 25 million euros. The company said it would complete it before the end of the year. Two units have connection approval for 9.999 MW each from
