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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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Slovenia’s Petrol signs power purchasing deal with Swiss energy firm Axpo
Slovenia’s energy group Petrol said on October 9 it signed a significant five-year power purchasing agreement (PPA) with Swiss electricity producer and trader Axpo.
EIB to invest €600mn in Ukraine's energy infrastructure
The European Investment Bank (EIB) has announced a €600mn investment to bolster Ukraine's energy infrastructure as part of its "Ukraine Energy Rescue Plan."
ADB puts extra grant financing into project to reconnect Tajikistan’s grid to Central Asian Unified Power System
IFC provides €500mn green loan to Engie
France’s Engie has been granted a landmark sustainability-linked green loan worth €500mn from the International Finance Corporation.
Estonia breaks ground on Europe’s biggest battery park
Estonia has broken ground on a huge battery park just outside the capital Tallinn, which is expected to play a key role in the Baltic countries’ grid synchronization with the rest of Europe.
Romanian minister says EDF and Itochu interested in €1bn pumped hydropower plant project
The companies Itochu from Japan and EDF from France are interested in the Tarniţa-Lăpuşteşti pumped-storage hydropower plant project in Romania and are reportedly willing to carry out the feasibility study at their own expense.
CENTRAL ASIA BLOG: Is proposal that “international consortium” should build Kazakhstan’s nuclear plant merely cosmetic?
CENTRAL ASIA BLOG: Is proposal that “international consortium” should build Kazakhstan’s nuclear plant merely cosmetic?
Australian miner GreenX Metals wins €300mn arbitration against Poland
GreenX Metals claimed Poland blocked its coal projects in the east and south of the country because they would compete with state-owned coal mines.
Energy Corporation of Kosovo completes key project at TPP Kosova A
The Energy Corporation of Kosovo (KEK) has announced the successful completion of a significant project at the TPP Kosova A, which involved the installation of a new transformer designed to enhance electricity supply at the facility.
Sual/Rusal conflict continues as buyback could be blocked
Coal major Sual Partners of sanctioned Russian oligarch Viktor Vekselberg and his partners intend to block the share buyback of aluminium major of Oleg Deripaska United Company Rusal.
MVM to continue gas diversification strategy, CEO says
The CEO of Hungary’s state energy company, MVM, stated that the end of the gas transit agreement between Ukraine and Russia from next year will not affect the company’s procurement strategy and MVM plans to continue its diversification efforts.
Uzbekistan’s energy minister speaks out against coercive tactics in securing solar panel installations
International consortium should build Kazakhstan’s first nuclear plant, says president
Move in wake of atomic energy referendum “Yes” vote could rile Moscow if main contractor status does not go to Russia’s Rosatom.
ELES and Siemens Energy sign strategic partnership on advanced digital energy solutions
Kyrgyzstan facing growing winter power shortfall as demand growth outpaces investment plans
Though water levels are up at hydropower reservoirs, hot summer was a big drain on electricity reserves as air conditioners were cranked up.
Nearly 70% of Kazakh voters support nuclear power plant construction, exit poll at referendum shows
Hungarian state utility company signs €370mn revolving credit line
Hungarian state-owned utility giant MVM has signed a contract for a HUF150bn (€370mn) revolving credit line from a consortium of nine commercial banks, the state-owned energy group announced on October 4.
European Commission requires Romania to terminate energy price capping mechanism
The European Commission sent Romania two letters of formal notice, de facto requiring the country to terminate the energy price capping system, the most complex and costly in Europe, which among others impedes the country’s export.
Serbia in energy talks with Russia’s Rosseti
Serbia's Prime Minister Milos Vucevic met with Andrei Ryumin, General Director of Russia’s largest energy grid company, Rosseti, on October 3 to discuss expanding cooperation in the energy sector, the Serbian government announced.
Ukraine resumes small-scale electricity exports as energy system shows recovery
Ukraine has resumed exporting small volumes of electricity. In late September, the country exported approximately 0.8 GWh of electricity for the first time since May.
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