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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 may seek new investor as Russia delays financing for CHP projects
Kazakhstan may consider alternative investment partners for the construction of three combined heat and power (CHP) plants after delays by Russia in securing concessional export financing for the delivery of equipment, Kursiv has reported.
Russian utility major InterRAO ups revenue 13% in 1Q25
Russian state utility major InterRAO reported IFRS revenue increase of 12.6% year on year to RUB441bn ($4.96bn) in 1Q25, while EBITDA climbed 11.5% y/y to RUB54.6bn ($614mn), according to financial results published by the group.
Bulgaria’s Anti-Corruption Fund reveals massive secret energy cartel
NGO’s investigation finds cartel comprising over 150 companies with turnover of €2.6bn owned by controversial businessman Hristo Kovachki.
China offers Kazakhstan $5.5bn nuclear plant deal, slashing cost estimates
China National Nuclear Corporation (CNNC) has proposed constructing two nuclear power plant (NPP) units in Kazakhstan with a total capacity of 2.4 gigawatts for $5.47bn, nearly halving the previously projected cost of the project.
Kosovo Chamber of Commerce sues over abrupt electricity market liberalisation
Lawsuit follows protest by businesspeople demanding a transition period before full liberalisation.
Gas and power infrastructure expanding across Karabakh amid green transition push
Gas and power infrastructure expanding across Karabakh amid green transition push
Russian grid operator RosSeti plans investment restructuring
As followed by bne IntelliNews, financially distressed RosSeti has recently stepped up its lobbying to boost revenues, such as getting involved in cryptocurrency mining, or regulating industrial consumers’ tariffs.
Russian hydropower major RusHydro posts profit growth in 1Q25
Russian state hydropower major RusHydro posted 12% year-on-year increase in revenues to RUB194bn ($2.16bn) in 1Q25 under IFRS, with a 28% y/y increase in EBITDA to RUB52.8bn ($588mn) and net profit increase of 14% y/y to RUB18.9bn ($210mn).
Russia's Inter RAO rules out switching power stations to run on coal instead of gas
Andrei Kiselev, a member of Inter RAO’s board, said the company’s strategy was in fact geared towards expanding the share of gas in its fuel mix.
Ukraine restores power capacity but remains dependent on electricity imports
Ukraine has restored up to 5GW of power generation capacity since 2022 but continues to rely heavily on electricity imports to maintain energy system stability.
Mubadala, TAQA acquire 875 MW gas-fired power plant in Uzbekistan
Abu Dhabi sovereign wealth fund (SWF) Mubadala Investment Company and Abu Dhabi National Energy Company (TAQA) have completed the acquisition of an 875 MW gas-fired power plant at the Talimarjan Power Complex in Uzbekistan.
Czech Skoda JS obtains Dukovany NPP contracts worth CZK500mn this year
Czech nuclear company and Pilsen-based Skoda JS has obtained contracts worth CZK500mn (€20mn) from the nuclear power plant Dukovany, stabilising the company until 2030.
Poland cuts household gas prices, likely easing inflation pressure
Gas prices for Polish households and key users such as hospitals and schools will drop by 14.8%, starting from July 1, the country’s energy market regulator URE said.
Uzbekistan, Mitsubishi Heavy Industries sign MoU to transform energy with low-carbon innovation
Uzbekistan’s Ministry of Energy and Japan’s Mitsubishi Heavy Industries have signed a memorandum on jointly studying a long-term power development strategy aimed at reducing carbon reliance and diversifying energy sources.
Kyrgyzstan, Uzbekistan and Kazakhstan meet in Dubai to discuss next steps of Kambarata-1 hydro megaproject
The next steps required to advance Kyrgyzstan’s planned giant hydro investment, the 1,860-megawatt Kambarata-1 hydropower power plant (Kambarata-1 HPP), on May 26-27 brought together the Kyrgyz, Kazakh and Uzbek energy ministers in Dubai.
Nearly €20mn in EU funds approved for overhaul of Šaleška Valley heating system
Slovenia’s Ministry of Cohesion and Regional Development announced on May 28 the approval of nearly €20mn in European funding for the project Transformation of the Šaleška Valley District Heating System – Phase 1.
Businesses to block Pristina entrances in protest over electricity market liberalisation
The main entrances to Pristina will be closed to business traffic for two hours on May 29, as companies stage a protest against the upcoming liberalisation of Kosovo’s electricity market
Kazakhstan produces 109.8mn tonnes of coal in 2024
Kazakhstan mined 109.8mn tonnes of coal in 2024, Minister of Industry and Construction Yerssaiyn Nagaspayev announced during a government meeting.
Czech PM Fiala admits cabinet may not be able to sign Dukovany nuclear contract
The contract with South Korean Hydro and Nuclear Power faces extended delays after one of the two unsuccessful bidders, French Électricité de France, filed a lawsuit against the selection of KHNP.
Critical delay hits Russia’s building of Turkey’s first nuclear plant as $7bn fails to show up
Moscow believed to be seeking financial concessions from Ankara.
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