Energo - CEE/FSU Power
Cornerstone laid for Kyrgyzstan’s first wind power plant
The cornerstone for what will be Kyrgyzstan’s first wind power plant has been laid, the Ministry of Water Resources, Agriculture and Processing Industry said on June 4.
Bulgaria expects to sign deal on two new units at Kozloduy NPP by end-2026
Bulgaria expects to sign a final contract for the construction of two new units of its Kozloduy nuclear power plant by the end of 2026, after determining the value of the project, Energy Minister Zhecho Stankov said on June 4.
Protective measures considered early in EstLink 3 subsea cable project
Protective measures are already being integrated into the planning of the EstLink 3 submarine electricity cable, which will connect Finland and Estonia, amid more concerns about the vulnerability of critical undersea infrastructure in the Baltic Sea.
Czech Supreme Court lifts blocking of Dukovany nuclear contract
The Czech Supreme Administrative Court has lifted the blocking of the contract between the South Korea Hydro & Nuclear Power and the Czech side for the major €16bn Dukovany nuclear power plant enhancement.
Uzbekistan generates monthly record 1.1bn kWh from solar and wind in May, equals 17% of power output
Uzbekistan generated a record 1.104 bn kWh of electricity from solar and wind in May, making up 17% of the country’s power output for the month.
Turkish firm Egesa Enerji to build two solar power plants in Serbia
Turkish renewable energy company Egesa Enerji will construct two solar power plants with a combined capacity of 8.6 MW in Serbia’s northern province of Vojvodina, as the Balkan country moves to boost its renewable energy output.
Kazakhstan may seek new investor as Russia delays financing for CHP projects
Kazakhstan may consider alternative investment partners for the construction of three combined heat and power (CHP) plants after delays by Russia in securing concessional export financing for the delivery of equipment, Kursiv has reported.
Russian utility major InterRAO ups revenue 13% in 1Q25
Russian state utility major InterRAO reported IFRS revenue increase of 12.6% year on year to RUB441bn ($4.96bn) in 1Q25, while EBITDA climbed 11.5% y/y to RUB54.6bn ($614mn), according to financial results published by the group.
Bulgaria’s Anti-Corruption Fund reveals massive secret energy cartel
NGO’s investigation finds cartel comprising over 150 companies with turnover of €2.6bn owned by controversial businessman Hristo Kovachki.
China offers Kazakhstan $5.5bn nuclear plant deal, slashing cost estimates
China National Nuclear Corporation (CNNC) has proposed constructing two nuclear power plant (NPP) units in Kazakhstan with a total capacity of 2.4 gigawatts for $5.47bn, nearly halving the previously projected cost of the project.
Kosovo Chamber of Commerce sues over abrupt electricity market liberalisation
Lawsuit follows protest by businesspeople demanding a transition period before full liberalisation.
Gas and power infrastructure expanding across Karabakh amid green transition push
Gas and power infrastructure expanding across Karabakh amid green transition push
Russian grid operator RosSeti plans investment restructuring
As followed by bne IntelliNews, financially distressed RosSeti has recently stepped up its lobbying to boost revenues, such as getting involved in cryptocurrency mining, or regulating industrial consumers’ tariffs.
Russian hydropower major RusHydro posts profit growth in 1Q25
Russian state hydropower major RusHydro posted 12% year-on-year increase in revenues to RUB194bn ($2.16bn) in 1Q25 under IFRS, with a 28% y/y increase in EBITDA to RUB52.8bn ($588mn) and net profit increase of 14% y/y to RUB18.9bn ($210mn).
Russia's Inter RAO rules out switching power stations to run on coal instead of gas
Andrei Kiselev, a member of Inter RAO’s board, said the company’s strategy was in fact geared towards expanding the share of gas in its fuel mix.
Ukraine restores power capacity but remains dependent on electricity imports
Ukraine has restored up to 5GW of power generation capacity since 2022 but continues to rely heavily on electricity imports to maintain energy system stability.
Mubadala, TAQA acquire 875 MW gas-fired power plant in Uzbekistan
Abu Dhabi sovereign wealth fund (SWF) Mubadala Investment Company and Abu Dhabi National Energy Company (TAQA) have completed the acquisition of an 875 MW gas-fired power plant at the Talimarjan Power Complex in Uzbekistan.
Czech Skoda JS obtains Dukovany NPP contracts worth CZK500mn this year
Czech nuclear company and Pilsen-based Skoda JS has obtained contracts worth CZK500mn (€20mn) from the nuclear power plant Dukovany, stabilising the company until 2030.
Poland cuts household gas prices, likely easing inflation pressure
Gas prices for Polish households and key users such as hospitals and schools will drop by 14.8%, starting from July 1, the country’s energy market regulator URE said.
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