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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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Turkey receives best bid of TRY 20bn in privatisation tender for 620-MW Cayirhan coal plant
Ankara-based Akcadag Insaat placed the highest bid, amounting to Turkish lira (TRY) 20bn ($549mn), in a privatisation tender held for the operating rights of the 620-MW Cayirhan domestic-lignite coal-fired plant and coal mine.
Turkey fines operator of Istanbul-Izmir highway and EV charging stations operator ZES over restricting competition
Report examines how Mongolia could become global player in green hydrogen
Mongolia could become a global player in the green hydrogen economy if it can develop the right infrastructure, policies and investment frameworks, according to a new report, “Towards a Renewable Hydrogen Strategy for Mongolia.”
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.
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