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Energo follows key project, policy and investment in the power sector across the FSU and CEE. This has included extensive coverage of the Czech Republic and Lithuania’s efforts to build new nuclear reactors, changing renewables policies in Poland and Romania and the privatisation and modernisation of Russia’s power sector.
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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.
EBRD loans Kosovo €50mn to boost energy efficiency in public buildings
The European Bank for Reconstruction and Development (EBRD) announced on January 17 a significant expansion of its energy efficiency programme in Kosovo with a sovereign loan of up to €50mn to the Ministry of Finance.
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.
UAE's AMEA Power partners with Uzbekistan for 1-GW wind project and energy storage system
Dubai-based AMEA Power secured investment agreements with Uzbekistan during President Shavkat Mirziyoyev's visit to the UAE on January 13.
China’s Norinco to build 125-MW solar park in Bosnia
Chinese company Norinco International will build a 125-MW solar power plant near the city of Stolac in Bosnia & Herzegovina, the company’s supplier Arctech said in a press release.
Politicians warn of sabotage as Lithuania departs from Russian power system
Lithuania is seeking to bolster the security of its critical energy infrastructure as the Baltic three prepare to disconnect from Russia's electricity network, BRELL.
Nato unveils “Baltic Sentry” initiative to monitor energy and data cable security
Nato is about to launch the “Baltic Sentry” programme, involving frigates, maritime patrol aircraft and a fleet of naval drones to protect the security of undersea infrastructure, the alliance’s Secretary-General Mark Rutte said on January 14.
North Macedonia’s ESM to reissue tender for coal mining at REK Bitola
North Macedonia’s state-owned power producer Elektrani na Severna Makedonija (ESM) has announced on January 14 that no company was selected for coal mining at the REK Bitola mine following a tender in December 2023.
Debt of Bosnian RiTE Ugljevik to Slovenian Elektrogospodarstvo increased by €65mn
The debt of Bosnian mine and thermal power plant RiTE Ugljevik to Slovenian Elektrogospodarstvo has increased by BAM127mn (€65mn) as of end-2024.
Slovakia’s electricity exports drop by 14% y/y in 2024
Slovakia became a net electricity exporter in 2023 following the full connection of the third unit at the Mochovce nuclear power plant to the grid.
Moldova calls on residents to cut power consumption
The rising electricity consumption is posing more problems for Moldova's energy supplier company Energocom: it will have to rely on emergency reserves for RON 484 MWh of electricity to cover the 16:00-19:00 peak period on January 14.
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