Energo - CEE/FSU Power
Montenegro’s EPCG to reduce electricity bills to poorest households
Montenegro’s power company EPCG said on January 22 it will reduce electricity bills to the poorest households to secure more regular payments.
Velenje coal mine accident in Slovenia claims three lives
Uzbekistan's electricity output up 4.7% in 2024, automotive fuel production falls 4%
Uzbekistan's electricity output up 4.7% in 2024, automotive fuel production falls 4%
Lukashenko mulls building a second nuclear power plant
Belarus President Alexander Lukashenko is mulling the idea of building a second nuclear power plant (NPP) to improve the country’s energy security and earn more money from exports to Russia.
Polish coal miner Bogdanka posts PLN478.5mn net loss for 2024
Azerbaijan can help hook up Iran, Russia power grids, Iranian minister says
Iran has proposed to Azerbaijan that it could serve as an intermediary in setting up an electrical link with Russia, Iranian Energy Minister Abbas Aliabadi said.
Czech electricity production fell by 4% y/y in 2024
Czechia produced 68.7 TWh of electricity last year amid the falling production of coal plants, Czech Press Agency (CTK) reported, citing figures from the oEnergetice.cz website.
Baltic states seek expanded energy security, NATO strengthens regional presence
After a series of supposed accidents in the Baltic Sea in which undersea cables have been heavily damaged, the Baltic states and NATO have taken steps to increase surveillance in the region for the sake of safeguarding energy security.
One miner dead, two missing in Velenje coal mine accident in Slovenia
The incident occurred on the evening of January 20 in the Preloge cave, where an intrusion of mud and water caused devastation at the excavation site. Rescue operations are ongoing, but hopes of finding the missing miners alive are diminishing.
Ukraine’s energy infrastructure suffered huge setbacks in 2024, faces a difficult 2025 – analysts
Ukraine’s energy infrastructure suffered huge setbacks in 2024 and faces a challenging year in 2025 but the supply of power was more or less meeting demand in January, say analysts, UBN reported on January 21.
China’s Envision Energy starts construction of $40mn BESS and wind turbines plant in Kazakhstan-Afghanistan
Romania wins €256mn arbitration with solar park investors
Romania has won an international arbitration case brought by investors in renewable energy, avoiding €256mn in claimed damages required by investors in solar parks who objected to changes in the support schemes during 2014-2018.
Czech energy behemoth EPH among potential buyers of German Uniper
Central European energy behemoth EPH, controlled by EPCG of the Czech energy and media oligarch Daniel Křetínský, is among potential buyers of the German energy giant Uniper.
Russia readies support for coal industry on brink of collapse
Russian authorities reportedly brace for collapse of the coal mining industry worn out by drop in exports, low prices and logistical bottlenecks.
EBRD aims to ramp up investment in Romania to €1bn a year
Increase was largely down to a hike in investment into projects supporting Romania’s green transition.
Hungary, Serbia affirm strategic energy cooperation at bilateral summit in Belgrade
An agreement was reached to accelerate joint energy infrastructure investments, including doubling the capacity of an interconnector between the two countries' electricity grids by 2027 or 2028.
Slovenia’s Petrol targets €178m net profit and €6.1bn revenue in 2025
Slovenian energy company Petrol Group has announced ambitious targets for 2025, aiming for a net profit of €178mn and sales revenues of €6.1bn.
Serbia and Azerbaijan discuss strategic gas power plant project in Nis
Serbia and Azerbaijan are in talks to develop a gas power plant in Nis, Serbia.
Mongolia signs $1.6bn uranium mining investment agreement with France’s Orano
France’s state-owned Orano Group and Mongolia’s state-owned MonAtom Group will together over the course of three decades develop deposits in Mongolia holding an estimated 90,000 tonnes of uranium.
Moldova develops power generation and storage unit with USAID grant
Moldova’s Ministry of Energy has announced the launch of a tender for the procurement and installation of a 75-MW energy storage system and 22-MW internal combustion engines.
Turkey biggest recipient of EBRD investments for fifth straight year
For the fifth year in a row, Turkey in 2024 received the largest investment volume from the European Bank for Reconstruction and Development (EBRD) in comparison to all of the lender’s other investee economies.
Bosnia’s RiTE Ugljevik halts work over lack of coal
Bosnian mine and thermal power plant RiTE Ugljevik has stopped work due to the lack of brown coal
Russian coal export prices sink in 2025
Russian coal exporters are expected to continue to operate at zero and negative margins in 2022.
Kosovo’s gross electricity output up 12.2% y/y in November
Kosovo’s gross electricity output in November increased by 12.2% year-on-year to 728.2 GWh.
Number of Turkish energy M&As edges up to 30 in 2024
Volume of transactions, however, contracts 44% y/y to $1bn from $1.8bn in 2023.
EBRD sets annual record in Central Asia, investing €2.3bn through 121 projects in six economies
The EBRD said on January 16 that in 2024 it set an annual operational record in Central Asia, investing €2.26bn through 121 projects in six regional economies.
Uzbekistan wants renewable energy share of 54% by 2030, Mirziyoyev tells UAE conference
Over the past five years, Uzbekistan has attracted nearly $20bn in foreign investment that has led to the development of 9.6 GW of new energy capacity. The big numbers were this week highlighted by President Shavkat Mirziyoyev at a UAE conference.
Romania to screen takeover of E.ON subsidiary by Hungary’s MVM amid alleged security risks
The Romanian Ministry of Energy has notified the FDI Review Commission (CEISD) regarding the transaction through which Hungary’s state-owned MVM intends to acquire the energy supply company E.ON Romania.
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