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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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Kretinsky’s Czech energy EP Group becomes sole shareholder in German LEAG
EP Energy Transition of EP Group of Czech energy and media oligarch Daniel Kretinsky acquired the remaining 30% share from the richest Czech investment group PPF to become the sole shareholder in German LEAG.
Kremlin posts list of energy assets covered by temporary ceasefire agreement
The Kremlin has posted on its website a list of Russian and Ukrainian installations covered by a temporary moratorium on strikes, agreed between Moscow and Washington in Riyadh during meetings between March 23-25.
Poland’s Duda signs PLN60.2bn nuclear power plant funding into law
Polish President Andrzej Duda signed a law allocating PLN60.2bn (€13.5bn) for the construction of Poland’s first nuclear power plant, the president’s office said on March 25.
Uzbekistan’s small nuclear plant project to stay within $2bn budget, says UzAtom chief
Slovenia’s electricity output declines in February
Slovenia’s total net electricity generation reached 1,168 GWh in February, marking a 8% decrease compared to January and a 9% decline from the same month in 2024.
Ukraine’s Energoatom to cut nuclear plant repair times further in 2024
Ukraine’s state nuclear energy company, Energoatom, plans to continue reducing the duration of repair campaigns at its nuclear power plants in 2024, following efficiency improvements achieved over the past year.
Russian Power Machines wins $0.5bn arbitration in Vietnam
Russian engineering and machinery contractor Power Machines (Silovye Mashiny) of steel tycoon Alexei Mordashev (Mordashov) has won a $570mn arbitration award in an ongoing dispute over supplies to Vietnam’s PetroVietnam.
Rusal’s parent En+ group posts 90% profit jump to $1.35bn in 2024
Net profit of En+ metals and energy group jumped by 88% year on year to $1.35bn in 2024, according to Vedomosti daily citing the company’s annual report.
Russia's Rosatom has presented small nuclear power plant proposal to Tajikistan, says report
Tajikistan is studying a proposal from Russia for the construction of a small nuclear power plant (NPP), TASS has reported.
Global energy demand doubled in 2024 driven by extreme temperatures, but renewables covered 80% of the increase, says IEA
Global energy demand growth surged in 2024 to almost twice its recent average, driven by rapidly rising electricity use, the International Energy Agency said in its global energy review 2025 report on March 23.
Private partner in Romanian SMR project moves closer to selling land to its JV with Nuclearelectrica
Romania’s government as the majority shareholder required Nuclearelectrica to agree that its JV with private partner Nova Power and Gas (NPG) purchase from the latter (NPG) the land for the development of the joint Small Modular Reactor project.
Fourth block at Slovak NPP Mochovce reports entering second phase of tests
Slovakia’s major power company Slovenske elektrarne reported that the fourth block at the younger nuclear power plant Mochovce entered the second phase of non-active tests of launching the block.
Kosovo Energy Corporation reports strong performance in 2024
Performance in 2024 saw significant improvements for the Kosovo Energy Corporation (KEK), overcoming challenges linked to outdated technology.
Romania to unblock hydropower projects with total capacity of 700 MW
Romania’s government will “unblock and accelerate” ten hydropower projects with a total installed capacity of 700 MW, where RON12bn (€2.4bn) was already invested, Minister of Energy Sebastian Burduja announced.
Slovenian government proposes three new members for Energy Agency Council
The Slovenian government has put forward on March 20 three candidates for appointment to the Energy Agency Council, aiming to restore stability to the regulatory body.
Ukrainian nuclear experts sceptical of Trump's Zaporizhzhia power plant proposal
Ukrainian nuclear experts have voiced scepticism over US President Donald Trump's proposal for the United States to assume temporary control of the Russian-occupied Zaporizhzhia nuclear power plant (ZNPP).
Russian utility major InterRAO to pay 25% of profit in dividends
The board of Russian state-controlled utility holding InterRAO proposed a dividend of RUB0.354 per share on 2024 profits, which would make 25% of its IFRS bottom line, in line with the company’s dividend policy.
Kazakh president appoints new energy minister
Kazakhstan’s President Kassym-Jomart Tokayev on March 19 appointed Erlan Akkenzhenov as the country’s new energy minister, following the reassignment of Almasadam Satkaliyev to head the country's newly established nuclear power agency.
Romania’s Hidroelectrica seeks to invest €130mn in non-hydro projects this year
Romania’s state-controlled group Hidroelectrica (BVB: H2O) has earmarked RON 660 million (EUR 130 million)to invest in 2025 for diversification projects including solar projects.
Trump proposes taking control of Ukraine’s nuclear power plants
President Trump has proposed that the US assume control of Ukraine's nuclear power plants to safeguard the country's energy infrastructure as part of a ceasefire plan, the president said during a call with Ukrainian President Zelenskiy.
Russia could spend $1.7bn on coal industry bailouts
The Russian government will allocate nearly RUB150bn ($1.66bn) to subsidise the struggling coal sector, which remains one of the hardest hit by both the sanctions and record-high interest rates.
Energoatom to purchase reactor vessels from Bulgaria for Khmelnytsky NPP
Ukraine's state-owned nuclear energy company, Energoatom, is nearing an agreement to acquire reactor vessels from Bulgaria to support the completion of Units 3 and 4 at the Khmelnytsky nuclear power plant.
Kazakh energy minister to step down and head atomic energy agency
Kazakhstan’s Minister of Energy, Almasadam Satkaliyev, is stepping down from his position and will switch to heading the country’s newly established atomic energy agency.
Azerbaijan's electricity and utility sector output reaches $403mn in early 2025, up 5.1%
Azerbaijan’s electricity, gas, and steam production, distribution and supply sector generated AZN684.2mn in January-February 2025, marking a 5.1% y/y increase, according to the State Statistics Committee.
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