Energo - CEE/FSU Power

Mongolian coal miner SouthGobi updates market on tax audit case

SouthGobi Resources, a coal mining company in Mongolia listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, has updated the market on a tax audit case.

Report says Turkey ranks ninth in world for operational hydroelectric capacity

Turkey ranks ninth in the world for operational hydroelectric capacity, according to a report by Global Energy Monitor.

Montenegro’s EPCG showcases key clean energy projects at OSCE conference

Key clean energy projects currently under development by Montenegro’s Electric Power Company (EPCG) took centre stage at the OSCE Parliamentary Assembly’s Silk Road Group conference in Budva.

Uzbekistan breaks energy monopolies in move toward WTO membership

Uzbekistan has dismantled the decades-long natural gas transmission monopoly held by Uztransgaz as part of reforms designed to help liberalise the country’s economy and meet conditions for World Trade Organization (WTO) membership.

Czech regional court in Brno blocks signing of the Dukovany nuclear contract

Kazakhstan imposes pricing rules to cap discounts on nuclear material transactions

Kazakhstan’s government has introduced regulations capping discounts on the sale of key nuclear materials, including uranium hexafluoride and enriched uranium products, at a maximum of 15%.

Bosnia secures €80mn World Bank loan to finance coal phase-out and energy transition

Funds to back project to repurpose post-mining lands in Banovići, Zenica and Kreka, and facilitate the closure of underground mining operations in Zenica.

North Macedonia set to adopt new energy law with stronger consumer protections and renewables push

North Macedonia’s Parliament is preparing to adopt a new energy law that introduces key reforms in meter reading, renewable energy investment, and consumer protection.

Turkey under pressure to reconcile ambitious industrial strategy with Net Zero targets

Decarbonisation realities mean Turkey is having to reconcile its industrial and technology strategy—with ambitious targets such as a a near-doubling of industrial exports to $400bn by 2030—with challenging Net-Zero-by-2053 targets.

Romania’s Electrica secures €620mn loan for green energy and grid investment

Romanian energy group Electrica (BVB: EL) has secured a RON3.1bn (€620mn ) syndicated loan to refinance existing debt and fund major investments in green energy and electricity distribution.

Hungary’s state energy company delivers robust earnings even as revenues retreat

Hungarian state-owned energy giant MVM Group posted a net profit of HUF324bn (€800mn) for 2024, down from the record HUF369bn a year earlier but still one of its strongest results on record.

French EDF files lawsuit against the Czech Dukovany nuclear tender

French Électricité de France (EDF) filed a lawsuit at the regional court in Czechia’s second-largest city, Brno, over the selection of the South Korean Hydro and Nuclear Power as the contractor for the €16bn Dukovany NPP enhancement project.

Kazakhstan agrees 10-year deal with Tajikistan for “Rogun” electricity, but export start date is anybody’s guess

Kazakhstan has inked a 10-year deal to import electricity from Tajikistan, but power is to flow from latter’s Rogun Dam hydro megaproject, and there is little clarity on when infrastructure will be ready to deliver enough electricitity to export.

Artificial Intelligence and electricity: a new energy challenge

The rapid growth of Artificial Intelligence is transforming how industries operate, particularly the electricity sector.

ERG and China’s TCC to build Kazakhstan’s first ferroalloy-gas power plant

Luxembourg-headquartered Eurasian Resources Group (ERG) has signed an engineering, procurement and construction (EPC) contract with China Tianchen Engineering Corporation (TCC) to build Kazakhstan’s first ferroalloy-gas utilisation power plant.

Romania to fast-track completion of hydropower projects under national security designation

Romania will classify its unfinished hydropower infrastructure as a national security priority in May, with the aim of accelerating their completion and integrating them into the national grid, acting President Ilie Bolojan announced.

MOL and TPAO bring upstream partnership to Hungary

Hungarian oil and gas company MOL and Turkish peer TPAO are partnering on hydrocarbon exploration and production in the west of Hungary, Minister of Foreign Affairs and Trade Peter Szijjarto said.

Bulgaria, Romania in talks with US on hydropower, nuclear power plants

DTEK to build 500 MW of energy storage capacity as Ukraine targets power resilience

DTEK Renewables, a subsidiary of Ukraine’s largest private energy group, has announced plans to develop energy storage facilities (ESF) with a total capacity of up to 500 megawatts.

Azerbaijan builds large substation to integrate 2 GW of renewable energy

Energa to allocate 2024 profit to reserves, skips dividend for fourth year

Polish energy group Energa will allocate its entire 2024 net profit to supplementary capital and will not pay a dividend for the fourth consecutive year.

CEZ to sell 80% stake in Dukovany II to Czech state

Czech utility group CEZ will sell an 80% stake in its subsidiary Elektrárna Dukovany II, which is overseeing the construction of a new nuclear unit, to the Czech state for CZK16.3bn ($683mn), PAP Biznes reported on April 29.

Fortum has no intention to return to Russia

Renewable energy major Fortum has no intention to return to Russia, the company said in its 1Q25 interim financial report.

Kazakhstan boosts volume of coal, grain and other cargo transported by rail via Russia in 1Q25

Kazakhstan has sharply expanded the volume of grain, coal and container cargo transported via rail through Russian territory, particularly along the eastern route of the North-South transport corridor.

Output of Romania’s Hidroelectrica down 38% y/y in Q1

Romania’s state-controlled energy producer Hidroelectrica (BVB: H2O) reported a 38% year-on-year drop in gross electricity output in the first quarter of 2025, to 2,735 GWh.