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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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Kazakhstan to allocate $10bn-12bn for nuclear power plant construction pending referendum approval
Emergency measures in Ukraine’s energy sector cast doubt on surviving through winter
Russia has destroyed over 60% of the Ukraine's energy production capacity. One official told the FT that Ukrainians should prepare for "life in the cold and the dark" this winter.
Swiss Axpo plans 300MW power storage capacities in Romania
Swiss renewable energy group Axpo, owned by cantons of Switzerland and cantonal utilities, applied for a permit to develop up to the “ready to build” stage more power storage plants in Romania with a combined delivery capacity of 300MW.
Shares of Romanian grid operator Transelectrica up 7.35% after higher fees endorsed
The shares of Romanian state-controlled power grid operator Transelectrica (BVB: TEL) leapt up by 7.35% on June 5, after the company announced in a note to investors that it would increase by 40% the regulated tariff charged for system services.
Energo: Ukrainian PM says energy situation ‘extremely difficult,’ revises lost capacity estimate to 9 GW
Ukrainian PM says energy situation ‘extremely difficult,’ revises lost capacity estimate to 9 GW
Ukrainian PM Denis Shmyhal has described the country's energy situation as "extremely difficult," noting that over 9 GW of power generating capacity have been lost.
Ukraine to embrace long-term electricity savings amid rolling blackouts
Ukrainian Prime Minister Denys Shmyhal has highlighted the necessity for long-term electricity savings as a consequence of the extensive damage inflicted on Ukraine's energy sector by Russian attacks amid rolling blackouts since early May.
Hungary's MVM acquires stake in Shah Deniz gasfield
Acquiring a stake in this gas field "provides us with protection against significant energy price fluctuations", says Hungarian Foreign Minister Peter Szijjarto.
Serbia to boost wind power capacity 40% by end of 2024
Serbia is set to increase its wind power capacity by 40% by the end of 2024, announced the Minister of Mining and Energy, Dubravka Đedović Handanović, at the Bloomberg Adria conference on business sustainability on June 5.
North Macedonia's first private wind park inaugurated
The wind park Bogoslovec, the first private wind park in North Macedonia, developed by Thor Impex, has been inaugurated on June 5.
Russia destroys 9.2 GW of Ukrainian power
Russia's recent missile attacks have led to the destruction of 9.2 GW of Ukrainian power generation capacity.
Slovenia’s NGEN inks contract to build €50mn battery facility in Germany
Slovenia’s NGEN, a company for production of large electricity storage tanks, recently signed a contract with German power storage giant Uniper for the construction of a storage tank, worth almost €50mn.
Slovenia's HSE unveils plans for Druzmirje floating solar power plant
Slovenia’ state-run power utility, HSE, has revealed on June 3 its floating solar power plant project at the Druzmirje Lake, near Sostanj in the northern part of the country.
Belarus to extend its Russian-built nuclear power station
Belarus plans to expand its Russian-built Ostrovets (aka Astravets in Lithuanian) nuclear power plant, according to management of Russia’s state-owned Rosatom. The decision to build a second NPP in Belarus is a done deal.
Ukraine claims Dnieper hydroelectric dam in critical state
The Dnieper Hydroelectric Dam, Ukraine’s largest hydroelectric power plant, is in a critical condition following recent explosions in the Kyiv-controlled city of Zaporozhia, according to Ivan Fyodorov, head of the regional administration.
Ukraine to experiences rolling blackouts on 2 June amid energy strain
Ukraine has undergone rolling blackouts across the country early and late on Sunday, 2 June, according to Ukrenergo, the national electricity transmission company.
Slovenia plans tough new energy and climate targets
Draft new National Energy and Climate Plan proposes higher targets for emissions reduction, renewable energy sources and energy efficiency by 2030.
Russian utility major InterRAO ups net profit by 18% in 1Q24
Russian state utility holding InterRAO posted revenue increase of 10% year on year to RUB392bn in 1Q24 under IFRA, while EBITDA decreased by 8.8% y/y to RUB49bn, and net profit was up by 18% y/y at RUB48bn.
Kosovo inks landmark agreement for 100 MW solar project
Kosovo’s Economy Minister Artane Rizvanolli signed an agreement on May 31 for the country's inaugural solar auction project with Lindja Solar, a Kosovo-established company forming part of the winning consortium, Orllati Group.
EU pledges €75mn support for Kosovo's energy sector
The European Union has pledged to support Kosovo with a significant financial injection of €75mn as part of its Energy package.
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