Serbia eyes new long-term gas deal with Russia amid EU energy shift Read More »
Serbia is currently negotiating a new long-term natural gas agreement with Russia, aiming to secure what it claims will be the most favorable gas price in Europe. According to Dušan Bajatović, Director of the state-owned company Srbijagas, the upcoming contract with Gazprom is expected to take effect in September and could last either three or […]
Romania: Retele Electrice launches €26 million tender to upgrade power grid Read More »
Retele Electrice Romania, part of the PPC group, has launched a major public procurement process to acquire advanced equipment for modernizing the national electricity distribution network. The tender, valued at over €26 million (excluding VAT), focuses on purchasing 24 kV prefabricated equipment for secondary substations, supporting investment projects planned for 2025 and 2026. This initiative
Montenegro: Jugopetrol to pay €1.29 dividend per share from retained profits Read More »
Montenegrin fuel retailer Jugopetrol has announced it will distribute a gross dividend of €1.29 per share for this year, maintaining the same payout as the previous year. The decision was made despite the company choosing to retain its entire 2024 net profit of €7.14 million. Instead of using current-year earnings, Jugopetrol will fund the €6
Hungary to import up to 8.5 billion cubic meters of Russian gas in 2025 Read More »
Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó announced that Hungary plans to import between 8 and 8.5 billion cubic meters of natural gas from Russia this year. He stated that the country is already receiving gas under a long-term contract, which has so far ensured the delivery of 4.5 billion cubic meters. In
Bulgaria advances Vertical Gas Corridor as regional energy hub Read More »
Bulgarian Energy Minister Zhecho Stankov announced that another shipment of pipes is expected to arrive at the port of Burgas in the coming weeks, marking continued progress on the Vertical Gas Corridor project. He emphasized Bulgaria’s growing role as a key player in ensuring regional energy stability through the development of critical infrastructure. Minister Stankov
Bosnia and Herzegovina: Tuzla officials oppose gas storage project over safety concerns Read More »
Plans to build Bosnia and Herzegovina’s first natural gas storage facility have sparked strong opposition, particularly from representatives of the Tuzla region. The proposed site, Tetima, is located near the exhausted wells of a salt mine, which many locals consider a serious threat to public safety. In response, local representatives have launched an initiative to
Chinese technology manufacturers and developers overtaking Serbian wind market Read More »
Mingyang recently announced the start of installation at the Serbia Black Peak wind farm, where it is supplying 25 units of its 6.25-172 model. Chinese SPIC is the sole owner of 150MW wind park Black Peak. Located on high mountain terrain of eastern Serbia, Black Peak WPP is unique project developed by local company Sage and Kodar. Local
Romania: Engie expands renewable portfolio with new 37.2 MW solar power plant in Prahova Read More »
Engie Romania has completed its sixth solar power plant in Aricestii Rahtivani commune, Prahova county, with an installed capacity of 37.2 MW. This marks a significant step in the company’s renewable energy expansion and commitment to the energy transition. The new facility covers 57 hectares and is expected to generate about 57 GWh of clean
Hungary sets record with 6,200 MW solar output, surpasses domestic electricity demand Read More »
Hungary achieved a record solar electricity generation milestone last Friday, with domestic solar output peaking at 6,200 MW during a 15-minute interval starting at 12:15 PM, according to data from the electricity transmission system operator MAVIR. This marks the highest solar power production from both household and industrial systems ever recorded in the country. During
A new 64 MW solar power plant near Stolac in Herzegovina has officially started feeding electricity into Bosnia and Herzegovina’s national grid. This facility represents the second phase of the Hodovo solar project, the country’s largest photovoltaic power plant. Developed by Tibra Pacific, the plant uses advanced Stellar 1N+ ABC solar modules supplied by the
