Energo - CEE/FSU Power

29 February 2024

EU parliament, member states reach preliminary deal on carbon removal framework rules

28 February 2024

The European Parliament and EU member states have reached a provisional agreement on regulation to establish an EU carbon removal certification framework.

European Hydrogen Bank collects 8.5 GW in project bids

28 February 2024

Green hydrogen projects with a combined electrolyser capacity of 8.5 GW have applied for funding from the EU’s European Hydrogen Bank.

Ukrenergo to kick off construction of strategic power lines, eyes Ukrainian producers

27 February 2024

Ukrenergo, Ukraine's state energy company, is set to embark on the construction of three vital power transmission lines this year, with a keen focus on sourcing products from domestic manufacturers.

Czech coal mining decreased by 15% in 2023

27 February 2024

Brown coal (lignite) represented 95% of the overall output or 28.67mn tonnes. Most of the lignite was used as industrial coal. Black coal represented 5% or 1.37mn tonnes – 850,000 tonnes were used for energy purposes.

Western Balkans power sector risks “complete meltdown” warns think-tank

27 February 2024

Policy brief from think-tank CEPS says there is an “acute and imminent risk” of collapse due to outdated infrastructure.

World Bank agrees Afghanistan CASA-1000 power project restart amid neighbouring nations’ “stranded asset” fears

25 February 2024

Attempts to attract private financing get nowhere. International financing institution says work resumption will be “ring-fenced” to safeguard construction payments and future revenue.

Russian RusHydro hydropower major ups profit 26% in 2023

23 February 2024

Russian state hydropower major RusHydro has reported a revenue increase of 9% year on year to RUB217bn in 2023 under Russian Accounting Standards (RAS), with a net profit rise of 26% y/y to RUB33bn ($350mn).

World Bank says Emerging Europe needs tougher targets to reach net zero by 2060

22 February 2024

New World Bank report charts path to net zero energy in Emerging Europe and Central Asia, but says current ambitions are too modest.

With decisive actions, net zero energy is within reach in Emerging Europe and Central Asia, says new World Bank report

22 February 2024

A new World Bank report released today lays out pathways for countries in the emerging Europe and Central Asia region to make the shift towards renewable energy and reduce their fossil fuel dependence.

MET Group starts construction of 23-MW solar park in Hungary

22 February 2024

MET Group, an integrated energy company based in Switzerland with Hungarian roots, announced the start of construction of a 23-MW solar park on 32 hectares in east Hungary (Kaba) on February 21.