Energo - CEE/FSU Power
Croatian electricity generation dips in January
ContourGlobal abandons €1.3bn coal-fired power station project in Kosovo
Kosovo’s new Prime Minister Albin Kurti had pledged to stop the 500MW power plant that would have been Kosovo’s largest ever energy investment.
Russian watchdog approves Fortum and Uniper deal
Environmental NGOs file claim against Bulgaria over state aid for Maritsa East 2 coal-fired plant
Uzbekistan’s Yangi-Angren TPP experiences outage
Azerbaijan looks to renewables to meet growing power demand
Don’t assume the push is motivated by an environmentalist impulse.
Europe’s plan to introduce a carbon import tax is forcing Russia to go green
Europe wants to be carbon neutral by 2050, and is about to introduce a carbon import duty that is already forcing Russia’s biggest companies to speed up their efforts to go green.
Bulgargaz seeks supplier of bank guarantee for gas delivery deal with Azerbaijan’s Socar
Albania’s net electricity production plunges 39.1% in 2019
Albania is almost entirely dependent on hydropower for its electricity, and thus the amount of power produced can vary widely from one season to another depending on the weather.
Gas prices for Slovenian households down 3% q/q, electricity prices down 5% q/q in 4Q19
Uzbekistan proposes public-private partnership project for 1,500 megawatt gas power plant
Czech petrochemical company Unipetrol to run pilot pyrolysis testing plant with ETIA in Czech Republic
Kosovo to examine ways to boost energy generation
Europe to gain from cheap gas
Gazprom cuts gas price for Bulgaria by 40%
Russian Power Machines sells 35% in JV with Siemens
Environmental groups say Bulgarian coal power stations illegally burning waste
Lawyers and environmental NGOs say three plants are burning waste at amounts that are 10,000 times above those allowed by the EU.
Ukraine appoints new top management of power generation major Centrenergo, Kolomoisky physically bars them from office
The Ukrainian government has appointed a new top manager for power generation company Centrenergo but protestors reportedly connected to oligarch Ihor Kolomoisky barred their entry to the company's offices.
Slovenian government adopts National Energy and Climate Plan
Slovenia’s Petrol signs deal to acquire power distributor E3
Two Russian companies eye alternatives for supplying electricity to Kazakh KAZ Minerals’ Baimskaya copper mine
Georgia Capital buys buys out its partner in renewable energy JV
Romania might reconsider its offshore wind potential
More upside potential still possible for Russian utility names despite strong rally this year
Following the rally in Russian utility universe, putting the sector ahead of every other Russian equity segment in year-to-date terms for 2020, VTB Capital sees more place for upside for certain names coming from expected profitability gains.
Istanbul-listed Enerjisa reports 38% y/y profit growth for 2019
Slovenia’s net electricity output down 16% m/m in January
North Macedonia’s electricity output up 4.7% y/y in 2019
The Russian government may consolidate grid assets under Rosseti
Czech billionaire Kretinsky´s energy group EPH to acquire German power plant Schkopau
Czech utility company CEZ agreed on construction of new Dukovany nuclear plant unit
Bulgaria won't stop Balkan Stream construction upon US pressure, energy minister says
North Macedonia invites bidders for Cebren HPP construction
Serbia to invest €31mn in upgrade of Djerdap 2 HPP ship locks
India eyes helping Uzbekistan construct nuclear infrastructure
Energy company Petrol acquires major power retailer in Slovenia
Romanian minister says EBRD interested in 5% of Hidroelectrica
Romania ready to develop new nuclear reactor without foreign partners
Prime Minister Ludovic Orban announced last month that Bucharest will scrap its deal with China General Nuclear Power Corporation (CGN) to expand the Cernavoda nuclear power plant.
Turkey’s STFA hires Citi for sale of gas distributor Enerya
Gazprom points to Turkey’s downturn as reason for 35% decline in Russian gas supplies
Turkey’s electricity production capacity reaches 91,342MW in January
Czech energy company EPH likely to issue bonds worth up to CZK7.5bn
Russia’s utility sector set to rally in 2020 as reforms progress
After a very strong rally Russia’s stock markets have been hit by fears of a global coronavirus epidemic and collapsing oil price. The market has given up all its gains, but not so the utilities sector which is up 16% YTD.
Croatia’s net electricity output jumps 25.1% y/y in December
EIB provides €12mn loan to Slovenia’s Resalta
Istanbul-listed refiner Tupras opts not to distribute dividends with 2019 net profit down 86%
Uzbekistan announces energy sector operational performance report for 2019 and forecasts for 2020
Utility subsidiaries of Gazprom could up dividends to 50%
Gazprom might cut gas price for Bulgaria by 50%
Russia rejects Belarus request to restructure $10bn loan for nuclear power plant construction
EBRD lends Georgia €10mn to complete hydropower plant reconstruction
Czech energy company Energo-Pro has completed Karakurt dam in Turkey
Energy Community urges Western Balkans to reconsider policy of subsidies for coal-fired plants
Uzbek energy minister updates IAEA on efforts to improve nuclear safety regulations and infrastructure
Uzbekistan's power sector reforms gather momentum
Istanbul-listed refiner Tupras’ shares fall 2% as BlackRock shifts positions
Traders, meanwhile, treating Turkish Airlines shares as lira funding source by shorting them, following introduction of short-selling bans on most active banking stocks.
EIB and Armenian officials discuss power, water, waste management and road safety programmes
Afghanistan launches works on Central Asia-led CASA-1000 power transmission project
Afghanistan’s President Ashraf Ghani on February 6 announced the official launch of works on the Afghan stretch of the Tajik and Kyrgyz-led CASA-1000 electricity transmission project, Afghanistan’s TOLOnews reported.
North Macedonia's parliament adopts energy efficiency law
Estonian gas firm sees weaker sales in 2019
Uzbekistan announces call for bids for construction of photovoltaic plant in Surkhandarya Region
Romania plans 6GW more of wind, PV parks to meet moderate 2030 decarbonisation target
EFT Group plans 60MW PV park in Bosnia
Russian hydropower major RusHydro ups output by 15% in 4Q19
Shortlisted candidates ready to file bids for Bulgaria’s Belene nuclear project, energy ministry says
Uzbekistan and Tajikistan hold talks on construction of two hydropower plants on Zarafshan river
Fire engulfs Uzbekistan’s Yangi Angren thermal power plant
Turkish wind farm obtains $74mn financing from lenders
EU provides €76.4mn to Kosovo to help tackle air pollution
Serbia, Bosnia to launch construction of Buk Bijela HPP
Italian investors to build €5mn photovoltaic park in Moldova
Bulgaria to cut gas imports from Russia to 50% of entire consumption at end-2020, energy minister says
Work on Afghan stretch of Turkmenistan to India gas pipeline faces additional 6-month delay
TAPI project, also to traverse Pakistan, is going nowhere fast. Claims that Turkmen section is complete seen as highly dubious.
Turkmenistan and subsidiary of Turkey’s Calik Holding sign cooperation agreement on TAP electricity transmission project
Slovenia’s net electricity output down 4% m/m in December
Uncertainty over Russian RusHydro utility major governance grows
North Macedonia’s electricity output down 17.5% y/y in November
Bulgaria hopes to complete gas link with Greece by October
Romania’s energy market regulator regains control after previous government’s interventions
Ukraine’s government seeks advisers for the privatisation of power company Centrenergo
Romania to scrap deal with Chinese partner to expand Cernavoda nuclear power plant
Prime Minister Ludovic Orban cited the EU's new Green Deal rather than security issues or cost concerns circulated previously as the main reason behind a potential end of the deal with CGN.
Czech solar power market increased only by 1% in 2019
Russian utility major Rushydro suspects share price manipulation
Reform could gain Russian Grids more cash for dividends
Albania’s OSHEE expects to end 2019 with loss, despite slim increase of sales revenues
Serbia’s EPS plans to invest €1bn in environmental projects
Energy Community takes forward case against Bosnia on state guarantee for Tuzla project
Western Balkans has potential for up to €20bn wind energy investment says new report
Western Balkans Investment Framework (WBIF) study reveals huge untapped renewable energy potential in the region, which currently relies heavily on coal power.
Oil subsidiary of Ukraine's DTEK sees bonds issue aimed to repay early intercompany loan
Romania’s Transgaz promises to deliver gas to Moldova this year
Energy Community secretariat opens dispute against Serbia for failing to adopt emission reduction plan
Uzbekistan’s power consumption to rise 9% y/y in 2020
Slovenia plans carbon neutrality by 2050
Russian steel tycoon Mordashev to go into wind power
Russian utilities still seen as strong Buy in 2020
Russian coal major SUEK acquires coal power station from Gazprom
Uzbekistan signs $1bn of uranium supply contracts with Japan
Bulgaria’s Bulgartransgaz to acquire 20% stake in Greek LNG terminal, PM Borissov says
Bosnia calls oil/gas exploration and production tender
North Macedonia’s electricity output down 16% y/y in October
Russian nuclear power plants produce a record 208bn kWh in 2019
Nuclear plans account for 19% of Russia’s aggregate electricity generation compared to the 40% European average.
Russia world leader on air pollution damage, says OECD
Work begins on new block of Zagreb heat and power plant
Russia's Rosseti grid major reiterates higher dividends
Bulgaria invites 5 companies to file binding bids for Belene nuclear project
The government in Sofia hopes to finish the project within 10 years at a cost of up to €10bn, but critics question its economic viability.
Italy’s Terna, Interconnector Energy Italia ink deal for private portion of undersea power link with Montenegro
Slovenia’s Krsko expects to exceed annual production plan by 1%-2%
Czech utility company CEZ to receive €353mn from EIB to modernise distribution network
Uzbekistan's Uzatom announces approval of four IAEA projects
Iran plans special test of advanced “IR-9” centrifuge says Rouhani
Poland to compensate households for power price rise in 2020
Europe's nuclear power debate heats up as climate emergency grows closer
The new European Commission has set a target of net-zero carbon emissions by 2050 to avoid a climate disaster, but the target is controversial as the only way to get there is to ramp up the role nuclear power plays in producing Europe’s electricity.
Danish wind turbines maker Vestas gets a Polish order
Croatia reports increase in electricity generation in October despite fall in hydropower output
Poland spared commitment to EU 2050 climate neutrality goal – for now
The EU will strive to reach climate neutrality in 2050. Poland was the only country not to sign up for the goal and the discussion on how to get Warsaw on board will resume in June.
Siemens Gamesa to acquire Russian-producer wind towers
Russia's RusHydro beats expectations in 3Q19
CEZ ESCO posted increase in its revenues by 20% y/y in 9M19
CEZ issued bonds worth €750mn for low interest of 0.875%
Slovenia supports EU carbon neutrality by 2050, PM says
Rosatom ‘confirms departure from Iran’s Fordo isotope project’
Turkish development bank secures $200mn loan from AIIB
Four Western Balkan countries breach air pollution limits for coal plants, NGO finds
Estonia and Latvia mull 1 GW offshore wind project
Offshore wind farm to add to low-carbon energy sources in the Estonian and Latvian energy mixes, in line with the EU’s climate goals. Estonia’s electricity production currently relies on burning oil shale and is among the dirtiest in Europe.
EU and German development bank KfW to allocate €20mn for construction of Tajik hydropower plant
Two Kyrgyz ex-prime ministers sentenced to long prison terms in power plant corruption case
Slovakia ́s electricity and gas prices expected to grow in 2020
World Bank seeks consultant for Kosovo’s KEK remediation project
Poland launches huge renewable energy auction in bid to improve energy mix
Polish energy market regulator URE launched an auction for up to 2.5 gigawatts of onshore wind power capacity as Warsaw seeks to meet the EU-required target of a 15% share of renewable energy in final energy consumption by 2020.
Poland’s oil and gas giant Orlen plans takeover of utility Energa
PKN Orlen aims to build a strong group capable of competing on the international market, but takeover plans raise questions about Energa’s controversial project to build a major new coal-fired power plant.
Average electricity prices in Slovenia up 3% q/q in 3Q19
Romanian state wants to buy assets put up for sale by CEZ
Russia to launch Green certificate trading system
OMV Petrom expects “barriers to be removed” to resume investments in Black Sea gas project
Turkey’s electricity consumption drops 1.1% y/y in November
Kosovo to join Albania's electricity grid from next April
Russia's Rossesti grid major ups profit 7% in 9M19
Turkey plans to build more than 260 hydropower plants despite electricity oversupply
Abu Dhabi’s Masdar and Armenia National Interests Fund sign $300-320mn solar power projects development deal
Poland’s last coal power plant not dead yet, Fitch says
Czech energy regulatory office pushing ministry of trade to anchor energy accumulation
Enel Russia to offer no dividend on Reftinskaya sale
Bosnia’s Brod refinery to start operations in mid-2020, regional energy minister says
Rosatom rolls out the small modular reactor: a mini-nuclear power station to solve some big problems
Time is running out for the planet. Next year is a crunch year when CO2 emissions must peak if we are to avoid an ecological disaster. Nuclear power is one of the few options we have. So Rosatom is rolling out small modular reactor (SMR).
Slovenia’s net electricity output down 20% m/m in October
North Macedonia’s electricity output up 10.8% y/y in September
Kosovo faces financial liabilities if it misses deadline for new coal-fired power plant
Czech senator refers CEZ' sale of Varna TPP to Bulgaria’s prosecution
Lukas Wagenknecht has asked the prosecution in Bulgaria to probe the deal due to suspicions that it was intentionally closed at a price that was not beneficial for state-owned CEZ.
Albania’s net power generation falls 27.2% y/y in 3Q19
World Bank seeks consultant for seismic resilience project in four Western Balkans countries
Russian Rosatom nuclear agency eyes maritime shipping market
Russian state nuclear power agency Rosatom is planning a massive expansion in the maritime shipping market with an investment of up to $7bn
Croatia’s first geothermal power plant formally opened
Serbia completes €27mn renovation of turbine at Djerdap 1 HPP
Hyundai to build 280MW hydropower plant in Georgia
North Macedonia to call new tender for Cebren HPP by end-2019
Hungary’s Opus in talks to sell coal-fuelled power plant Matrai Eromu
Matrai Eromu has incurred losses due to rising carbon prices, and its future is in danger as a result of tighter rules on carbon-powered plants in the EU.
Poland vows to maintain energy price freeze for consumers
Kosovo fails to comply with emission ceilings for three key pollutants says Energy Community
Czech engineering company Skoda JS to supply Ukraine with drives for nuclear power plant
Russian hydropower major Rushydro places ruble Eurobonds
Montenegro’s Mozura wind park starts commercial production
Russian Federal Grid major ups profit 14% in 3Q19
Georgia Capital holding takes over 21 MW wind farm from state
Polish state-run utility Energa posts a 44% drop in net profit in Q3
Poland says key decisions on nuclear power plant just months ahead
The ruling PiS heralded the construction of up to six nuclear reactors by the 2040s in a move to reduce the dependence of the Polish economy on coal, which currently dominates in the national energy mix.
Georgian Oil and Gas Corporation to issue €300mn eurobond in 2020
Russian utility major InterRAO maintains solid earnings in 3Q19
Montenegro launches undersea power link to Italy
First "electrical bridge" from Western Balkans to the rest of Europe is expected to generate export revenues for Montenegro and its neighbours as they step up investment into renewable energy.
CEZ recorded increase in its net profit by almost 50% in 9M19
CEZ sees strong demand for its Romanian assets
Energy Community says Bosnia, Serbia, Ukraine unlikely to meet 2020 renewables targets
North Macedonia presents final draft of Energy Strategy 2040
Danish firms explore Turkey’s offshore wind potential
CEZ to offload Polish assets by 2021
Eurohold appeals ban on buying CEZ’s assets in Bulgaria
UAE’s Al Dahra to build 10 biogas plants in Serbia
Czech CEZ’s Turkey-listed JV restructures $854mn loan with Yapi Kredi Bank
Markets, meanwhile, draw breath as Erdogan prepares for November 13 White House meeting with Trump. Betting is that the two strongmen will reach an accommodation.
Montenegro's WVC to build 100 MW kinetic power plant
Montenegro has substantial hydropower capacity but is looking to develop other forms of alternative energy.
Abu Dhabi-based Masdar to construct 100 MW solar power plant
Iran pours concrete for second Russian-engineered nuclear reactor facility at Bushehr
Ukraine's state-owned companies see no expected benefits from new electricity market, government adviser says
Iraq imports 7 GW of electricity from Iran ‘to make up shortfall between production and demand’
Georgia’s Bitcoin mining “sucking its power grid dry”
Grey economy businesses “patronised by high-ranking officials” have set up in Svaneti region where locals receive free electricity because of the degree of hardship.
Turkish power company Enerjisa reports €52mn net income for Q3
Eurasian Development Bank to provide €53.7mn for wind farm construction in Kazakhstan
H1 profit of Georgian Oil and Gas Corporation hit by weak lari
Iranian, Armenian ministers affirm gas and electricity barter
China’s CEEC, local Lager eye construction of €1.2bn coal-fired power plant in Bosnia
Mongolian coal miner Erdenes Tavan Tolgoi reportedly preparing to raise $1bn in Hong Kong IPO as soon as 2020
Romanian coal and power producer CE Hunedoara to be broken up
OMV Petrom’s earnings down in Q3 on unfavorable oil price
Russian utility Enel books small loss in 3Q19 but analysts maintain buy recommendation
InterRAO delays commissioning of its final Kaliningrad power plant until the end of 2020
Kazakhstan doubles installed renewable energy capacity
Slovenia’s Krsko reconnected to grid following maintenance work
Bosnia starts construction of 450-MW coal-fired power plant
RWE enters Polish offshore wind development race
Russian InterRAO utility major posts lower output in 3Q19
Serbia to invest €1bn to meet EU’s environmental protection standards
Serbia's ultimate goal is to make all its energy facilities compliant with EU environmental standards, as it aims to join the bloc by 2025.
North Macedonia’s electricity output up 17.8% y/y in August
Slovenia’s net electricity output down 11% y/y in September
Three members of Slovenian Petrol's management board resign
Bulgaria’s competition watchdog bans sale of CEZ’ assets to Eurohold
Czech utility's second attempt to offload its Bulgarian assets is blocked by regulator, which warns deal would cause a "significant deterioration" of market competition.
Enel Russia sells its biggest coal-burning power station as it goes green
Russia’s biggest foreign-owned utilities company has finally sold its Reftinskaya power station for an undisclosed amount as part of its efforts to “go green” as well as become more profitable.
Analysts see more upside for Russian utility names
Russia engages Africa on nuclear power
The Russia-Africa Summit in Sochi opened on October 23, with Moscow seeking to increase its engagement with Africa in a number of areas.
Unit of Turkish energy firm Aksa Energy buys additional 42% stake in Madagascar company
Solar power ‘to save Turkey up to $18bn over next three decades’
GE Hitachi Nuclear Energy announces cooperation with richest Pole on small modular reactor for Synthos
GE Hitachi Nuclear Energy has signed an agreement with Poland’s chemical giant Synthos, owned by the richest Pole Michal Solowow, on the potential construction of a small modular reactor.
Ukraine expects to more than double its renewable capacity in 2019
Ukraine has already been investing heavily in the renewable sector, and the goal of the government's renewable energy strategy is to reach 25% renewables by 2023.
Central Asia’s electricity network – underpowered and fragmented
Power planners were left with major headaches when the demise of the Soviet Union caused all Central Asian Power System (CAPS) member states to scramble to remake their grids along national lines. However, pan-region ideas are now back in fashion.
Lithuania considers banning purchases of electricity from Belarus’ nuclear power plant
President Gitanas Nauseda says he wants to prevent countries with “unsafe nuclear power plants” from exporting electricity to Lithuania, but fellow Baltic states Estonia and Latvia appear not to share his concerns.
Montenegro to cancel contracts for construction of six small HPPs to avoid environmental damage
Tajikistan’s massive Rogun hydropower dam: a blessing or a curse?
Poorest Central Asian nation Tajikistan is in danger of defaulting on its first ever Eurobond as the construction of the giant Rogun hydropower dam gobbles up scarce resources.
S&P upgrades Georgian Oil and Gas Corporation rating to BB-
US extends sanctions waiver on Iraqi purchases of Iranian gas and electricity by 120 days
Serbia opens largest wind farm on Western Balkans
Rosatom to use latest nuclear tech in Egypt
Rosatom has confirmed that it is to use its latest nuclear technology to build a 4,800MW nuclear power plant in Egypt.
Building, using nuclear weapon by Iran forbidden by Islam reiterates country’s highest political authority
Chinese solar power developer ReneSola sells 55 MW of Polish solar capacity to Aberdeen Standard Investments
Serbia mulls developing first geothermal power plant project
Uzbekistan announces winner in first ever competitive auction for solar power public-private partnership
Hungary utility-scale solar capacity reaches 1.1GW
Hungary can rely on two energy sources, nuclear and solar energy to meet the climate goals set out in the Paris Agreement, said President Janos Ader recently.
Ukraine resumes commercial import of electricity from Russia
Russia's grid major Rosseti could SPO
World Bank’s IFC to advise Uzbekistan on PPP to develop 1,300 MW gas-fired power plant
ADB to provide $60mn to build hydropower plants with combined capacity of 25 MW in Uzbekistan
Russia renews nuclear offensive in Africa
Rosatom is fostering closer atomic energy ties to Africa as Moscow shows off its new green credentials
Uzbekistan’s five-year goal to overhaul its energy industry
The relaxation of Uzbekistan's energy industry’s ownership has created a bonanza of redevelopment projects set to be completed in the next five years. These projects including energy generation and a general liberalisation of state ownership
Poland cannot afford climate neutrality goal in 2050 minister says
Poland’s energy sector would need €300bn-€400bn for transformation towards carbon-neutrality while the price tag for the entire Polish economy to meet the EU’s climate ambitions could be €700bn-€900bn, Energy Minister Krzysztof Tchorzewski said.
Romania to fully liberalise natural gas market again
Uzbekistan to set threefold increase on electricity tariffs for cryptocurrency miners
DTEK Energy adjusted EBITDA declines 11% in 1H19
Romania faced blackout twice this year says OMV Petrom executive
Poland launches its first new coal mining operations in 25 years
Poland opened its first new coal-mining facility Bzie-Debina since 1994 this week, built by the biggest EU producer of coking coal Polish mining company Jastrzębska Spółka Węglowa (JSW) near the town Jastrzebie-Zdroj, close to Czech border.
EBRD and GCF to provide $6.4mn to fund 10 MW solar plant in Kazakhstan
Moldova signs €264mn funding package to connect to Romania’s power grid
Project is of critical importance for the diversification of Moldova’s electricity supply — but highlights the need for more generation capacity in Romania.
Romgaz to buy 20% in Greece's Alexandroupolis LNG terminal project
The cost of carbon in Russia, braced to implement the Paris Accord
Russia ratified the Paris Climate Accord on September 23, committing itself to reducing CO2 emissions to 70% of the 1990 levels. Massive forests and investment into improving energy efficiency have left Russia in a strong position to reduce CO2.
Uzbekistan to allocate 6,000 hectares for a China-constructed $1.8bn wind farm project
France’s Assystem sets up joint venture with Uzbek state-run company
Romania moves to re-liberalise electricity and gas markets
Turkey “barely trying” to cut carbon emissions says National Geographic
“Climate change report card” notes, for instance, that country is pushing ahead with huge expansion of coal-fired plants. Meanwhile, largest lake in the Mediterranean region, Beysehir, seen as on course to dry out by 2040s.
Turkey’s Bereket Enerji Uretim has ‘mandated banks including Goldman Sachs for renewable energy unit IPO’
US sanctions prevent Tehran accessing equipment to counter flaring gas and energy pollution says oil minister
150 NGOs urge Albanian PM to stop HPP projects on Vjosa River due to environmental concerns
Slovenia’s net electricity output down 9% y/y in August
North Macedonia’s electricity output up 35.1% y/y in July
Romania signs memorandum on civil nuclear energy with US
Czech EPH of billionaire Kretinsky rumoured to be interested in Polish Janina coal mine
Russia signs off on Paris accord, sets itself an easy CO2 target
The Russian government has ratified the 2015 Paris Agreement on combating climate change, committing itself to reducing carbon dioxide emissions to 70% of 1990 levels by 2030.
Romania moves to encourage investors by amending Offshore Law
Central Asian nations. Turkey sign 10-point declaration on renewable energy as part of CAREC forum
Turkey’s Guris brings €55mn wind power plant in Ukraine online
E.ON's acquisition triggers mandatory public purchase offers for Hungarian energy distributors
Romania's Rafo refinery goes bankrupt
Around half of $8.1bn of loans Turkish officials want reclassifying as NPLs ‘come from energy, construction sectors’
Georgia plans to sell 21MW wind farm
Uzbekistan and Helios Energy sign agreement on construction of 40MW solar power plant
European Commission approved E.ON´s acquisition of utility Innogy in the Czech Republic
Slovenian TES' sixth unit back on stream after one-month shutdown
Czech transmission operator posts CZK2.3bn of profit
Turkish company to construct Belarus largest wind park
Putin to decide on $40bn tax breaks for Arctic oil
Russian T Plus utility major plans to invest $5bn by 2032
Turkey's installed wind power capacity reaches 7,615 MW
EBRD seeks consultant to support renewable energy in Kosovo
Slovenia’s Petrol enters Russian heating energy market
Moldova’s negotiations with Russia for cheap gas annoy Ukraine
Czech energy giant CEZ buys a stake in German solar start-up Zolar
CEZ executive calls Zolar the "pioneer of an innovative, decentralised model for purchasing rooftop solar systems".
Turkey’s banking association expects $10bn of electric utility loan restructuring this year
Energy companies left up to their necks in debt by lira crisis.
Russia to invest $11bn in renewable energy by 2050
Tajikistan launches second 600 MW turbine at Rogun hydroelectric power plant mega project
CEZ tests the market as it prepares to sell its Romanian assets
Rosatom close to signing commercial contract on building two nuclear reactors in Uzbekistan
Russia’s Rosatom wins licence from Turkey to start building second nuclear reactor in Akkuyu
Kazakh state oil company ponders doubling capacity of Romanian refinery under $2bn project
Enel moves ahead with sale of Romanian assets
Slovenia’s gas prices for households down 2% q/q
US BSOG expects gas production in Romania’s Black Sea in early 2021
IAEA report ‘states Iran has breached uranium stockpile limit and cap on fissile purity’
Russian grid major Rosseti ups Ebitda 7% in 1H19, dividend policy and tariffs in focus
Danish Vestas sells 80% of its 160MW Romanian wind farms
Uzbekistan’s Turonbank and China’s Eximbank sign $65.5mn agreement on Uzbek hydropower projects
floating nuclear first for Russia
Russia’s Akademik Lomonosov, the country’s pioneering floating nuclear power plant, set sail from Murmansk on August 23 bound for Pevek, Chukotka, via the Northern Sea Route.
Slovenia’s net electricity output up 7% y/y in July
Albania’s net power generation plunges 53% y/y in 2Q19
Unfavourable weather conditions this year limited production at Albania's main hydropower plants, while electricity imports soared.
Budget for Mochovce nuclear power plant for Slovak electricity company Slovenske Elektrarne approved
North Macedonia’s electricity output up 20.6% y/y in June
Turkmenistan to ship 40bn cm of natural gas to China in 2019
Romania’s Hidroelectrica plans 10% IPO next September
Bosnia to start work on key 450-MW coal-fired power plant
Japan’s SoftBank invests $110 in energy storage
Softbank’s $100bn Vision Fund has made its first investment in energy storage technology by backing Swiss-based energy storage start-up Energy Vault with $110mn.
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