Energo - CEE/FSU Power
Swiss Axpo plans 300MW power storage capacities in Romania
Swiss renewable energy group Axpo, owned by cantons of Switzerland and cantonal utilities, applied for a permit to develop up to the “ready to build” stage more power storage plants in Romania with a combined delivery capacity of 300MW.
Shares of Romanian grid operator Transelectrica up 7.35% after higher fees endorsed
The shares of Romanian state-controlled power grid operator Transelectrica (BVB: TEL) leapt up by 7.35% on June 5, after the company announced in a note to investors that it would increase by 40% the regulated tariff charged for system services.
Energo: Ukrainian PM says energy situation ‘extremely difficult,’ revises lost capacity estimate to 9 GW
Ukrainian PM says energy situation ‘extremely difficult,’ revises lost capacity estimate to 9 GW
Ukrainian PM Denis Shmyhal has described the country's energy situation as "extremely difficult," noting that over 9 GW of power generating capacity have been lost.
Ukraine to embrace long-term electricity savings amid rolling blackouts
Ukrainian Prime Minister Denys Shmyhal has highlighted the necessity for long-term electricity savings as a consequence of the extensive damage inflicted on Ukraine's energy sector by Russian attacks amid rolling blackouts since early May.
Hungary's MVM acquires stake in Shah Deniz gasfield
Acquiring a stake in this gas field "provides us with protection against significant energy price fluctuations", says Hungarian Foreign Minister Peter Szijjarto.
Serbia to boost wind power capacity 40% by end of 2024
Serbia is set to increase its wind power capacity by 40% by the end of 2024, announced the Minister of Mining and Energy, Dubravka Đedović Handanović, at the Bloomberg Adria conference on business sustainability on June 5.
North Macedonia's first private wind park inaugurated
The wind park Bogoslovec, the first private wind park in North Macedonia, developed by Thor Impex, has been inaugurated on June 5.
Russia destroys 9.2 GW of Ukrainian power
Russia's recent missile attacks have led to the destruction of 9.2 GW of Ukrainian power generation capacity.
Slovenia’s NGEN inks contract to build €50mn battery facility in Germany
Slovenia’s NGEN, a company for production of large electricity storage tanks, recently signed a contract with German power storage giant Uniper for the construction of a storage tank, worth almost €50mn.
Slovenia's HSE unveils plans for Druzmirje floating solar power plant
Slovenia’ state-run power utility, HSE, has revealed on June 3 its floating solar power plant project at the Druzmirje Lake, near Sostanj in the northern part of the country.
Belarus to extend its Russian-built nuclear power station
Belarus plans to expand its Russian-built Ostrovets (aka Astravets in Lithuanian) nuclear power plant, according to management of Russia’s state-owned Rosatom. The decision to build a second NPP in Belarus is a done deal.
Ukraine claims Dnieper hydroelectric dam in critical state
The Dnieper Hydroelectric Dam, Ukraine’s largest hydroelectric power plant, is in a critical condition following recent explosions in the Kyiv-controlled city of Zaporozhia, according to Ivan Fyodorov, head of the regional administration.
Ukraine to experiences rolling blackouts on 2 June amid energy strain
Ukraine has undergone rolling blackouts across the country early and late on Sunday, 2 June, according to Ukrenergo, the national electricity transmission company.
Slovenia plans tough new energy and climate targets
Draft new National Energy and Climate Plan proposes higher targets for emissions reduction, renewable energy sources and energy efficiency by 2030.
Russian utility major InterRAO ups net profit by 18% in 1Q24
Russian state utility holding InterRAO posted revenue increase of 10% year on year to RUB392bn in 1Q24 under IFRA, while EBITDA decreased by 8.8% y/y to RUB49bn, and net profit was up by 18% y/y at RUB48bn.
Kosovo inks landmark agreement for 100 MW solar project
Kosovo’s Economy Minister Artane Rizvanolli signed an agreement on May 31 for the country's inaugural solar auction project with Lindja Solar, a Kosovo-established company forming part of the winning consortium, Orllati Group.
EU pledges €75mn support for Kosovo's energy sector
The European Union has pledged to support Kosovo with a significant financial injection of €75mn as part of its Energy package.
OMV Petrom takes over Renovatio, the largest e-vehicles charging network in Romania
OMV Petrom has closed the acquisition of Renovatio Asset Management – the owner of the largest charging network for electric vehicles in Romania.
Moldova to develop 70-MW power storage battery system
Moldova will use part of an $85mn grant, a tranche of the larger €300mn aid extended by the United States last year, to develop a power storage capacity with a delivery capacity of 70 MW.
Kazakh president reaffirms nuclear plant referendum plan, energy minister comments on Uzbek NPP plan
World Bank allocates $13.6mn as early-stage funding for project to build $5bn Kambarata hydro plant
Russian engineers to switch on Turkey’s first nuclear plant within a year
After missing 2023 launch window during Turkish centennial celebrations, Russia’s Rosatom will hope to see the facility go live successfully by next April.
Serbia increases solar capacity 7.5 times in two years
Serbia has significantly increased its solar power capacity, from 20 megawatts two years ago to 150 megawatts, according to Dubravka Đedović Handanović, the Minister of Mining and Energy.
Slovenian power utility HSE repays last tranche of state injection
Slovenia's state-owned power utility, Holding Slovenske Elektrarne (HSE), announced on May 30 the successful repayment of the final €75mn from a €492mn capital injection received from the state in 2022.
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