Serbia: Novi Sad launches €110 million solar-thermal upgrade of district heating system Read More »

Serbia: Novi Sad launches €110 million solar-thermal upgrade of district heating system

A major modernization of Novi Sad’s district heating system will include the construction of a large solar-thermal plant, a seasonal heat-storage facility and an absorption heat pump. According to a prior information notice published by the European Bank for Reconstruction and Development (EBRD), the project represents an important step toward decarbonizing the city’s heating network. […]

Serbia: Gazprom races to sell 11.3% stake in NIS as talks with MOL intensify Read More »

Serbia: Gazprom races to sell 11.3% stake in NIS as talks with MOL intensify

Negotiations on the sale of part of Serbian oil company NIS have entered an accelerated phase, with Russian Gazprom seeking to secure a buyer for its 11.3 percent stake. Moscow’s primary expectation is that Hungarian energy company MOL, backed by Prime Minister Viktor Orbán, will acquire the share package. A clearer direction is expected in

Romania expands renewables with Eximprod’s new 38.4 MW Cudalbi 2 wind project Read More »

Romania expands renewables with Eximprod’s new 38.4 MW Cudalbi 2 wind project

Eximprod has commissioned the Cudalbi 2 wind farm, a 38.4 MW facility that ranks among the most advanced renewable energy projects in southeastern Romania. The installation can produce more than 106,000 MWh of clean electricity annually, enough to supply over 40,000 households. Gheorghe Manole, co-founder of Eximprod Group, said the project demonstrates the ability of

Montenegro rules out electricity price hike as energy investments accelerate Read More »

Montenegro rules out electricity price hike as energy investments accelerate

Energy and Mining Minister Admir Sahmanović stated that the Government does not plan to increase electricity prices, although future decisions will depend on several influencing factors. Speaking in Parliament, he stressed that ensuring both the sustainability of the energy system and affordable prices for citizens remains a key priority. Sahmanović acknowledged that Montenegro continues to

Greece revisits wholesale power surge despite no evidence of manipulation Read More »

Greece revisits wholesale power surge despite no evidence of manipulation

This renewed scrutiny comes despite an earlier investigation by RAAEY, which did not find evidence of market manipulation or improper bidding. However, in light of ACER’s findings, the regulator will review market activity from June to September 2024, with a particular focus on days of extreme volatility. One of the key dates under examination is

Bulgaria moves ahead with special administrator for Lukoil despite Presidential warning Read More »

Bulgaria moves ahead with special administrator for Lukoil despite Presidential warning

Bulgaria’s National Assembly has taken steps that move in different directions regarding the expanded powers granted to a Government-appointed administrator for the country’s only oil refinery, Lukoil Neftochim Burgas. President Rumen Radev vetoed the amendments, arguing that the changes undermine the rule of law, contradict key European legal standards, and expose public finances to unnecessary

Bosnia and Herzegovina: RS risks 102 million euro payout after unilateral wind farm concession termination Read More »

Bosnia and Herzegovina: RS risks 102 million euro payout after unilateral wind farm concession termination

Bosnia and Herzegovina’s foreign minister Elmedin Konakovic said that Croatian company Kermas Energija is likely to win its arbitration case against Bosnia and Herzegovina, specifically against the Republic of Srpska (RS), whose Government unilaterally terminated the company’s concession for a wind farm project in eastern Herzegovina. Konakovic confirmed that the Council of Ministers reviewed information

Banks, loans and engineering bankability, OE and financial confidence Read More »

Banks, loans and engineering bankability, OE and financial confidence

In every capital project—whether a substation, transmission corridor, or renewable-energy facility—engineering design is not simply a technical exercise. It is the foundation of financial confidence. Investors and lenders price risk, and risk originates in engineering uncertainty. The more complete, constructible, and verifiable a design is, the more predictable the project’s cost, schedule, and performance become.

Data-driven OE: The new standard for bankability Read More »

Data-driven OE: The new standard for bankability

In a world where risk is increasingly complex, digital intelligence is no longer optional.It is the investor’s strongest protection—and the OE is its architect. The digital transformation of engineering oversight Energy, industrial, and large-scale infrastructure projects generate millions of data points—drawings, schedules, material tests, NCRs, progress logs, SCADA inputs, HSE incidents, environmental measurements, commissioning parameters.

Technical intelligence reduces cost of capital, contract discipline and OE oversight supervision Read More »

Technical intelligence reduces cost of capital, contract discipline and OE oversight supervision

In project finance, capital pricing is not determined only by interest rates, macroeconomic conditions, or credit ratings. It is determined by confidence—and confidence is created through governance. Good governance lowers perceived risk.Lower perceived risk lowers interest margins.Lower margins increase IRR and asset value. This relationship is known as the governance dividend:a tangible financial gain generated by disciplined

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