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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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Hungary’s MVM acquires majority stakes in two Serbian energy firms
Hungarian state-owned utility MVM Group has signed an agreement with Serbia’s Maneks Group to raise its stakes in two Serbian energy infrastructure companies to 60%.
Slovenia’s GEN-I sees 30% drop in 2024 revenue, but profit surges 45% to €36mn
Slovenian 100% state-owned energy trader GEN-I reported on July 16 that its net sales revenue declined by 30% year-on-year to just over €2bn in 2024, despite a sharp rise in profitability.
Russian Atomenergoprom places US dollar bonds
Bulgaria inks strategic partnership with US Citi for construction of two new nuclear units
Bulgaria signed a strategic partnership agreement with US Citi Bank on the financing of the construction of units 7 and 8 at the Kozloduy nuclear power plant, the Ministry of Energy said in a statement on July 16.
Slovenia to submit Velenje coal mine closure bill after summer recess
Slovenia's government has agreed to submit a bill on the gradual closure of the Velenje coal mine to the Parliament following the summer holidays, the Ministry of Natural Resources and Spatial Planning said on July 16.
Kosovo’s gross available electricity down 1.1% y/y in May
Kosovo’s gross available electricity in May fell by an annual 1.1% to 486 GWh, after rising by 8.6% in April.
Alcazar Energy launches $500mn wind park project in North Macedonia
Renewable energy company Alcazar Energy has officially launched construction of a $500mn (€430mn) wind park in the eastern North Macedonia’s town of Stip on July 16, marking one of the largest single energy investments in the country.
Oxford study warns countries betting too heavily on carbon removal to hit climate goals
A new analysis by researchers at the University of Oxford raises red flags over the widespread dependence on carbon dioxide removal in national climate strategies.
Kazatomprom signs uranium supply agreement with Slovakia’s largest power producer
Kazakhstan’s national nuclear company Kazatomprom has signed a memorandum of understanding with Slovenske elektrarne a.s. (SEAS), Slovakia’s largest electricity producer, to explore future uranium exports.
Czechia signs nuclear memorandum with Great Britain
Czechia has signed a nuclear memorandum with the United Kingdom aimed at cooperation in nuclear energy, including the development of small modular reactors.
Armenian opposition asks top court to block seizure of power utility
The government's controversial plan to nationalise the country's electric utility has been met with opposition from lawmakers in Armenia, who have appealed to the Constitutional Court to block it.
Uzbekistan, Hungary plan joint venture to manufacture dry cooling systems for nuclear plant
Bulgaria’s SUNOTEC to invest €245mn in 400 MWp PV solar plant in Latvia
Bulgarian renewable energy development and construction company SUNOTEC said it has acquired 100% of the share capital in SIA DSE Lazas Solar from Danish greenfield developer Danish Sun Energy ApS to build a 400-MWp solar power plant.
Ukraine prepares to launch major energy storage project and graphite plant with international backing
Ukraine is nearing the launch of one of Eastern Europe’s largest energy storage systems as part of its ongoing efforts to strengthen domestic energy resilience amid continued wartime challenges.
Serbia weighs nuclear options
Serbia is exploring the development of nuclear energy with two potential pathways – conventional nuclear power plants and small modular reactors.
Hungary, Slovakia close to deal on Gabčíkovo-Nagymaros HPP, Hungarian energy minister confirms
Neighbouring countries agree to settle decades-long dispute over joint dam project.
Kazakhstan considers South Korean and Chinese firms to replace Russia's Inter RAO in thermal power projects
Kazakhstan is in talks with South Korean and Chinese companies to replace Russia’s Inter RAO in the construction of three thermal power plants, as the government seeks to move forward with delayed energy infrastructure plans, Interfax has reported.
Armenian regulator blocks extra investment in power grid amid political tensions
Armenia’s energy regulator has blocked a proposed investment of around $18mn (AMD7bn) in the country’s power grid by Electric Networks of Armenia (ENA), a utility company owned by imprisoned billionaire Samvel Karapetyan.
North Macedonia’s minister visits transformer station site, key link in Albania interconnection
North Macedonia’s Energy Minister Sanja Bozinovska visited the construction site of the new Ohrid transformer station (TS Ohrid) on July 11, a vital part of the MEPSO-led interconnection project between North Macedonia and Albania.
Montenegro launches first renewable energy auction
Montenegro’s Energy and Mining Ministry has launched the country’s first renewable energy auction backed by the European Bank for Reconstruction and Development.
Uzbekistan taps China’s Shandong Group to upgrade Tashkent substations
China’s Shandong Electrical Engineering & Equipment Group is set to modernise two electrical substations in Tashkent under a deal aimed at improving the reliability of Uzbekistan’s power grid.
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