Energo - CEE/FSU Power
President urges citizens to not stand in the way of small hydropower construction vital to pursuit of Kyrgyzstan’s energy independence
Citizens in Kyrgyzstan have been urged by their president to not stand in the way of construction rollouts of small hydroelectric power plants (HPPs) given their importance to the country’s ambition to achieve energy independence.
INTERVIEW: Industrialisation is key to Kazakhstan’s development, says EDB chief economist
New phase of development is set to expand the non-resource sector, with manufacturing leading the way, according to the Eurasian Development Bank’s Evgeny Vinokurov.
Turbine delivery delays of Russian Power Machines continue
The Moscow Arbitration Court has enforced RUB514mn ($5.6mn) of penalties on Power Machines, the engineering company of steel tycoon Alexei Mordashov, for delayed delivery of equipment under Russia’s thermal power plant modernisation programme.
Turkey's Zorlu Enerji sells additional $100mn eurobonds via second tap issue
Zorlu Enerji (ZOREN) has sold an additional $100mn of eurobonds (XS2926261426) via a second tap issue, the company said on March 3.
Ukraine increases electricity imports by 30% in February, led by Hungary and Slovakia
Ukraine's electricity imports surged by 30% in February compared to the previous month, reaching 244,000 MWh.
Russian RosAtom considers new FPU shipyard in Murmansk
Russia's state nuclear power agency and contractor Rosatom considers construction of a new shipyard near Murmansk, according to an RBC business portal citing unnamed industry sources.
Kazakhstan mulls three sites for second and third nuclear power plants
Kazakhstan’s Energy Ministry has identified Balkhash, Kurchatov and Mangistau as potential sites for the country’s second and third nuclear power plants.
Serbia’s largest solar plant connected to grid
Israel’s Nofar Energy has successfully integrated its 27-MW Ada solar power plant into Serbia’s national grid, marking a significant step in the country’s renewable energy transition.
Kazakhstan once again annuls over $50mn arbitral award granted to Canadian uranium miner
Kazakhstan has successfully overturned a $54.5mn arbitral award previously granted to World Wide Minerals (WWM), a Canadian junior miner, in a longstanding dispute over a terminated uranium processing venture.
Azerbaijan says it is developing a nuclear programme
The Azerbaijani government is actively working on the peaceful development of its nuclear energy programme, Deputy Energy Minister Elnur Soltanov told a parliamentary committee hearing.
Turkey’s Ihlas Holding discusses delivery of $7bn worth of energy projects with Kyrgyz PM
Progress made by Turkey’s Ihlas Holding on implementing energy projects in Kyrgyzstan requested under a $7bn agreement were discussed as the company’s chairman Ahmet Mucahid Oren visited Bishkek on March 3 and met with the country's PM.
Kyrgyzstan to issue first ever eurobonds, $1.7bn in proceeds earmarked for energy projects
Russian utility major InterRAO ups profit to $1.5bn in 2024
Russian state power utility major InterRAO increased its IFRS revenues in 2024 by 14% year on year to RUB1.55 trillion, with EBITDA up by 5% y/y to RUB173bn and net profit up by 8.5% y/y to RUB148bn ($1.5bn).
Romania's Hidroelectrica reports 35% profit decline in 2024 due to weak hydrology
Romanian state-controlled energy producer Hidroelectrica (BVB: H2O) recorded a 35% year-on-year decline in net profit, reaching RON 4.12bn (€800mn) in 2024, impacted by unfavourable hydrological conditions.
OPINION: The EU must bet on nuclear
For Central and Eastern Europe, over reliance on renewable energy for the green transition will compound the already significant challenge of shifting away from a predominantly coal and natural gas based energy network.
Uzbekistan powers up first digital substation with China’s Shanghai Electric
Uzbekistan has commissioned its first digital electricity substation as part of ongoing efforts to modernise its power grid and address energy shortages.
US halts Ukraine energy aid as Kyiv seeks alternative funding
USAID has been directed by the State Department to terminate initiatives aimed at restoring Ukraine’s energy grid.
Romania will keep providing electricity at capped price to Moldova
The government of Romania will continue to cap the price for “a large part of the electricity purchased by the Republic of Moldova” from domestic producers in Romania.
Azerbaijan’s economic growth to slow as energy transition faces policy challenges, says World Bank
The World Bank projects Azerbaijan’s GDP to grow by 2.7% in 2025, with a gradual slowdown to 2.4% in 2026, 2.3% in 2027 and 2.2% in 2028-2029.
Czech coal mining fell by 17% y/y in 2024
Czechia’s coal mining output fell by 17% year on year in 2024 amid the approaching end of coal burning in the country planned for 2033. In 2023 the output fell by 15% y/y.
AI consuming more electricity than Kyrgyzstan, conference hears
"Voracious" power appetite of algorithms risks turning humans into "energy slaves", digital forum told.
PANNIER: China’s big push into Uzbekistan
Wave of projects in energy, mining, factories and construction and water conservation. Critical minerals could be next.
PowerChina to build 300 MW wind farm near Serbian capital
The project, scheduled to be completed in the second quarter of 2026, will feature 48 turbines, making it the largest wind farm in Serbia upon its completion.
Russian hydropower holding RusHydro posts loss in 2024
Russian state hydropower holding RusHydro posted 2024 revenue growth of 12% year-on-year to RUB243bn under Russian Accounting Standards (RAS), EBITDA growth of 21% y/y to RUB137bn, but showed a net loss of RUB13.4bn in 2024.
Kazakhstan to reduce electricity imports from Russia
Kazakhstan has announced plans to reduce its electricity imports from Russia, Kazinform reported on February 27, citing Deputy Minister of Energy Sungat Yessimkhanov.
Wind energy covered mere 1% of Czech energy consumption in 2024
The share of the wind energy on European consumption increased to 20% in 2024, while the share in Czechia has stagnated in recent years, the Czech Press Agency wrote, quoting figures from the WindEurope report.
State financing of Paks NPP expansion in jeopardy after CJEU advisor sides with Austria
The European Union Court of Justice may overturn a previous ruling that upheld the European Commission’s approval of Hungary’s state aid for the expansion of the Paks nuclear power plant.
Rail link to supercharge Mongolia’s coal exports to China
Mongolian trade minister tells bne IntelliNews the mega-project is a “game-changer” due to his country’s historic reliance on trucking.
As Turkey knocks $3.5bn off energy import bill, researcher points to expansion of domestic renewables production
Turkey in 2024 curbed its energy imports to $65.59bn from $69.11bn in 2023, with the decrease amounting to 5.1%.
Serbia begins cooperation with EDF on nuclear energy development
Serbia has begun cooperation with French energy giant EDF in developing its nuclear energy capabilities, following a historic policy shift in November 2024 that lifted a moratorium on nuclear energy development.
Fortis partners with Pomega for battery storage at North Macedonia’s Oslomej solar plant
Fortis Energy, a prominent player in the renewable energy sector, signed an agreement with fellow Turkish company Pomega Enerji Depolama Teknolojileri for the installation of a 62 MW/104 MWh Battery Energy Storage System (BESS) at Oslomej plant.
Naftogaz secures Norwegian financing for gas purchases as private traders enter market
Ukraine’s state energy firm Naftogaz has secured external financing for gas imports, while private energy traders are also ramping up their involvement in the country’s energy supply.
Ukraine’s energy import costs outstrip export revenues by 44 times in 2024
Ukraine’s energy import costs in 2024 exceeded its export revenues by a factor of 44 in 2024.
Kazakhstan to integrate over 600 MW of renewable energy capacity in 2025
Kazakhstan has opened its rare earth and rare metal deposits to international competition, inviting companies from the US, the EU and China to bid for mining rights at government-held auctions, Kursiv reported on February 26, citing Kanat Sharlapaev.
Follow us online