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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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Russian coal miner Raspadskaya reports decline in revenue and profit for 1h24
Russian coal miner Raspadskaya reported a significant decline in revenue and profit for the first half of 2024 on August 9, as the company disclosed a series of operating indicators and financial results under IFRS.
Cumulative capacity of Polish wind and solar power installations hits 30 GW in August
The installed capacity of Polish wind and solar power installations reached nearly 30 gigawatts as of August 1, PSE, the state manager of the country’s power grid, said on August 9.
Fortis Energy secures permits for 509 MW wind project in Serbia
Turkish renewable energy producer Fortis Energy has received preliminary permits for three wind parks in Serbia with a combined capacity of 509.4 megawatts, the company announced on August 8.
Ukraine's energy sector faces over $56bn in losses amid crisis, recovery needs top $50bn
Ukraine's energy sector has suffered direct and indirect losses exceeding $56bn due to the ongoing crisis, with the cost of recovery estimated at over $50bn.
Turkey’s Zorlu to divest Israel stakes amid media outcry over continuation of business despite Gaza war
Turkish Entek enters Romanian renewable energy market with €33mn acquisition
Entek Elektrik Üretimi (Entek Electric Production) acquired two Romanian companies that are in the process of obtaining the rights for the development of a 214.26 MWdc (171-182 MWac) photovoltaic project.
Ukraine requires up to €13bn to develop a resilient energy system, says Ukrenergo chief
Ukraine will need up to €13bn to establish a sustainable energy system capable of withstanding future attacks, according to Volodymyr Kudrytskyi, chairman of the Board of Ukrenergo.
UK and Polish export credit agencies guarantee Standard Chartered €249mn loan for major Turkish solar project
Criminal complaint filed against official who gave go-ahead for controversial Una-mlin hydropower project
CEZ reports higher than expected net profit of CZK7.5bn in Q2
The Czech power utility raised its 2024 full-year Ebitda outlook to CZK118bn to CZK122bn and confirmed its expected adjusted net profit of CZK25bn to CZK30bn.
Greek PPC to take over €700mn renewables portfolio from Macquarie in Romania
629MW renewable energy generation portfolio to double PPC's assets in Romania, as it expands in Southeast Europe.
Moldova turns into net electricity exporter on lower domestic consumption in Q2
The industrial slowdown dragged down total electricity consumption in Moldova in Q2, while it exported power to Ukraine and the separatist Transnistria region.
EBRD, Eiffel to allot €24mn to Lithuania's INVL fund for solar plant in Romania
The French asset management company Eiffel Investment Group (Eiffel) and the European Bank for Reconstruction and Development will provide €24.4m in funding to INVL Renewable Energy Fund I to construct a 60-MW solar power plant in Romania.
ADB approves $21mn grant as additional financing to expand renewable energy in Tajikistan via HPP modernisation
JT Grup’s shares down 20% from discounted IPO price after first day on Bucharest exchange
The shares of JT Grup, a company involved in petroleum product distribution and port operations dropped by 20% compared to the price paid by the investors in the €4mn IPO earlier last year after the first day of trading at Bucharest Exchange.
Energo: Russia, Belarus set up joint electricity market
Russia, Belarus set up joint electricity market
Russian President Vladimir Putin and Belarus President Alexander Lukashenko have signed off on an agreement to unite their energy markets as part of plans to create a Union State.
EBRD, Eiffel Investment Group lend €24.4mn to INVL Renewable Energy Fund I for PV plant in Romania
The European Bank for Reconstruction and Development (EBRD), together with Eiffel Investment Group, will provide in equal shares €24.4mn funding to INVL Renewable Energy Fund I for constructing a 60MW solar power plant in Romania.
Kosovo launches €60mn Solar4Kosovo project
Water level in Zaporizhzhia nuclear power plant cooling pond declines, raising safety concerns
The water level in the cooling pond of the Zaporizhzhia Nuclear Power Plant is continuing to fall, potentially complicating the process of pumping water if the trend persists.
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