Energo - CEE/FSU Power
Ukraine faces potential summer electricity shortage, utility executive warns
Ukraine may confront an electricity shortage this summer due to significant damage inflicted on numerous power generation facilities.
Ukraine plans record electricity imports amid power outages
Ukraine imported a record volume of electricity on March 26, aiming to bring in 18,649 MWh since the start of the year, according to a statement from Ukrenergo, the country's national energy company.
Profits of Czech EPH’s infrastructure unit dropped by 15% y/y to €1.22bn
EPIF has, in the past, made profits by transporting Russian gas to Central Europe. EPIF stated that “the gas transmission segment’s performance in 2023 was adversely impacted by one-off risk mitigation measures”.
Slovenian tie-up led by Riko awarded contract for Krsko nuclear waste repository construction
Moody’s assigns negative outlook to Czech CEZ after Gasnet takeover
The Gasnet acquisition comes amid the efforts of the Czech state to gain a stronger footing in the energy infrastructure and diversification from its dependency on Russian energy supplies.
Ukraine's energy infrastructure devastated by Russian attacks, recovery prospects grim
Ukraine's energy sector faces a protracted period of recovery after sustaining extensive damage from recent Russian attacks, with major energy companies grappling with significant disruptions to operations.
Russia, Ukraine trade attacks on energy infrastructure
While Russia launches missile after missile at Ukrainian energy infrastructure, Ukraine is maintaining its drone campaign against Russian refineries.
Azerbaijan aims to speed up implementation of past goals at COP29
Azerbaijan, as the host of the upcoming UN COP29 climate summit, wants to focus on speeding up the implementation of goals set at the previous COP28 event in Dubai.
Hungarian foreign minister presses for removing 'ideology' from energy deals with Russia
Kazatomprom records 43% y/y revenue growth in 2023
Serbia's President Vucic reportedly plans to end moratorium on nuclear power plants
President Aleksandar Vucic of Serbia has announced plans to lift the moratorium on the construction of nuclear power plants, citing the pressing need to meet the country's escalating energy demands.
Years needed to restore Dniprovska Hydroelectric Power Plant after missile attack
The extent of the damage inflicted on the Dniprovska Hydroelectric Power Plant by a recent missile attack is severe, requiring years to fully restore the facility to its previous state, with Ukraine losing 1,000 MW of manoeuvrable power.
Why are the bonds of Ukrainian power company Ukrenergo trading at a premium to the sovereign bonds?
Bonds of Ukrenergo, the Ukrainian state-owned power company, have surged in the last month after an announcement that a bondholder group had formed for the company, which now trades at a premium to the sovereign bonds, the FT reported on March 25.
Russian banks may finance construction of small nuclear power plant in Kyrgyzstan, says official
Slovenia’s net power production down 7% m/m in February
Belarus’ Russian-built nuclear power plant provides just over 28% of the country's power needs
Belarus’ Russian-built Ostrovets (aka Astravets in Lithuanian) nuclear power plant has generated more than 27bn kWh of electricity since it came on line three years ago and is providing more than 28% of the country’s total energy output.
Albania directed €13.4mn to the energy sector in 2023
The Ministry of Infrastructure and Energy noted that the majority of these funds, accounting for at least 64.5% of the total committed, were sourced from foreign capital.
Baltic electricity markets could be merged in 2027
A common electricity market of Lithuania, Latvia and Estonia could start functioning in 2027 if the Baltic countries take the decision to proceed after their grids' synchronisation with the Continental European system.
European Commodity Clearing to take over clearing services for BSP Energy Exchange in Slovenia
Bulgaria moves closer to deal on selling Russian-made reactors to Ukraine
Reactors originally intended for Belene NPP project now likely to sold to Ukraine to compensate for loss of Zaporizhzhia NPP to Russia.
Almost 1.5mn Ukrainians plunged into darkness as Russia targets power infrastructure
Almost 1.5mn Ukrainians were plunged into darkness over the weekend as Russia continued what has been described as the biggest barrage of missile strikes against its energy infrastructure since the start of the war over two years ago.
Ukraine’s power infrastructure in danger from Russian missile barrage
Ukraine suffered a second day of intense bombing of its power stations, plunging half a dozen regions into darkness, as the Kremlin tries to take advantage of Kyiv’s dwindling supply of air defence ammo.
Bosnia grants two concessions for solar parks
European Investment Bank boosts investment in Ukraine, eyes €100mn for hydropower restoration
The European Investment Bank has significantly ramped up its investment in Ukraine, with plans to allocate €100mn for the restoration of the country's hydropower infrastructure, Prime Minister Denys Shmyhal announced on March 19.
Prime Minister Pashinyan says nuclear energy is crucial for Armenia
Prime Minister Nikol Pashinyan defended Armenia's decision to extend the life of the Metsamor nuclear power plant, citing its importance in strengthening national sovereignty and addressing energy security needs.
CEZ net profits more than halve in 2023 to CZK29.6bn
CEZ also confirmed that it signed an agreement to buy 55% of Gasnet, the largest Czech gas distribution company, for €846.5mn.
Methane emissions from the energy sector increased in 2023
The International Energy Agency estimates that in 2023, nearly 120mn tonnes of methane emissions stemmed from the production and utilisation of fossil fuels, slightly higher than in 2022.
Eleport to invest over €20mn to develop EV charging network in Baltics and Poland
A further €100mn will be invested in the EV charging network in following years, according to the company's plan.
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