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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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OMV Petrom takes over Renovatio, the largest e-vehicles charging network in Romania
OMV Petrom has closed the acquisition of Renovatio Asset Management – the owner of the largest charging network for electric vehicles in Romania.
Moldova to develop 70-MW power storage battery system
Moldova will use part of an $85mn grant, a tranche of the larger €300mn aid extended by the United States last year, to develop a power storage capacity with a delivery capacity of 70 MW.
Kazakh president reaffirms nuclear plant referendum plan, energy minister comments on Uzbek NPP plan
World Bank allocates $13.6mn as early-stage funding for project to build $5bn Kambarata hydro plant
Russian engineers to switch on Turkey’s first nuclear plant within a year
After missing 2023 launch window during Turkish centennial celebrations, Russia’s Rosatom will hope to see the facility go live successfully by next April.
Serbia increases solar capacity 7.5 times in two years
Serbia has significantly increased its solar power capacity, from 20 megawatts two years ago to 150 megawatts, according to Dubravka Đedović Handanović, the Minister of Mining and Energy.
Slovenian power utility HSE repays last tranche of state injection
Slovenia's state-owned power utility, Holding Slovenske Elektrarne (HSE), announced on May 30 the successful repayment of the final €75mn from a €492mn capital injection received from the state in 2022.
Kazakhstan again in talks with US firms NuScale and GE Hitachi on SMR nuclear plant construction
Kyrgyz parliament moving to lift uranium mining ban, Japarov denies blogger’s “Rothschild” claims
Serbia is investing €450mn to open new coal mines
Serbia is investing €450mn in its coal industry, with new mines to be opened from 2026, Minister of Mining and Energy Dubravka Đedović Handanović announced during a visit to the Kolubara Mining Basin on May 28.
Premier Energy shares listed on Bucharest exchange at 8.5% above IPO price
Electricity and natural gas utility company with operations in Romania and Moldova, Premier Energy (BVB: PE), controlled by Jiří Šmejc’s Emma Capital, has started trading on the Bucharest Stock Exchange (BVB) 8.5% above the IPO price.
Rosatom completes preliminary feasibility studies for small nuclear plants in Kyrgyzstan, Myanmar
Croatia's INA to splash $400mn annually on oil, gas, renewable projects
Croatia’s largest energy firm INA intends to spend $400mn annually over the next few years in upgrading its oil refinery, expanding renewables and financing upstream projects, the head of its management board, Zsuzsanna Ortutay, told Bloomberg.
EBRD working on energy assistance options to aid Ukraine through winter
The EBRD is devising strategies to provide energy assistance to Ukraine, with a primary focus on bolstering the country's energy system ahead of the coming winter.
Russian utility major InterRAO to pay 2023 dividend
The payout is 15% larger year on year, making a total of RUB34bn ($370mn) or 25% of IFRS net profit and a dividend yield of 7% to the current share price.
Korea’s Global Solar Water spearheading $2bn project to build first solar panel factory in Tajikistan
Russia to build six “mini nuke” reactors in Uzbekistan, officials announce during Putin visit
Ambition is to deliver Central Asia’s first nuclear power plant. Russian leader attempting to firm up relations with Tashkent as "strategic partner and reliable ally".
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