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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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Yellow Cake raises $175mn, plans uranium purchase from Kazakhstan
Yellow Cake, a UK-based uranium investment company, has raised $175mn through the issue of around 23mn new shares to institutional investors, Kursiv reported on September 26.
Turkey and US sign memo on strategic nuclear energy
Turkey and the US have signed a memo on strategic nuclear energy, though few details of what it specifies have been released.
Bakhvi Hydropower Cascade nears completion in Georgia’s Guria region
Construction of the Bakhvi Hydropower Plant (HPP) cascade on the Bakhvistskali River in Ozurgeti Municipality has entered its final stage, with all three plants expected to be operational by the end of 2025.
Overhaul begins at Slovenia’s Krsko NPP after record fuel cycle
A regular overhaul has begun at the Slovenia’s Krsko nuclear power plant (NPP) on September 28, following the completion of its 34th fuel cycle, Krsko NPP announced.
Georgia's $90mn Bakhvi Hydropower cascade nears completion, commissioning slated by year-end
Located on the Bakhvistskali River, the cascade will have a total installed capacity of 46MW and is expected to generate around 200mn kilowatt-hours (kWh) annually for Georgia’s energy system.
Russia launches a revolutionary industrial-scale closed fuel cycle reactor
President Vladimir Putin claims Russia has made a nuclear technology breakthrough and has developed a closed fuel cycle power system to tackle global uranium shortages.
Poland tops EU gas storage at 100%
Poland’s underground gas reserves have reached full capacity, Energy Minister Miłosz Motyka said on September 24.
Uzbekistan releases more details of nuclear power project at Moscow event
Uzbekistan released more details of its first nuclear power plant project at an event in the Russian capital attended by Russian leader Vladimir Putin.
Armenia, Russia deepen nuclear energy cooperation as Pashinyan meets Putin in Moscow
Armenia, Russia deepen nuclear energy cooperation as Pashinyan meets Putin in Moscow
Green energy for millions as Uzbekistan hits 8bn kWh from solar and wind
Uzbekistan’s solar and wind power plants generated 8bn kilowatt-hours (kWh) of electricity in the year to September 23, according to the Ministry of Energy.
Lukashenko proposes new Belarus nuclear plant to supply power to Russian-occupied Ukraine
Belarusian President Alexander Lukashenko has proposed building a new nuclear power plant in Belarus to supply electricity to Russian-occupied territories in Ukraine, state news agency BelTA reported on September 25.
Swiss energy company MET Group enters Albanian market
Bulgaria to explore small modular reactors with US support
Bulgaria will start discussions with developers of small modular nuclear reactors, aiming to expand its low-emission electricity capacity.
Hungary's Orban, Trump discuss energy issues
Czech steel production grows by 2% y/y in H1
Singapore’s Seatrium to sell Texas shipyard to affiliate of Turkey’s Karpowership
Singapore-based Seatrium Limited announced on September 23 that it has struck a deal to sell its AmFELS Yard shipbuilding facility in Texas for $50.67mn to an affiliate of Turkey’s Karpowership.
Abu Dhabi’s GSU acquires 51% of Uzbekistan’s Yashil Energiya in first investment in Central Asia
Abu Dhabi-based Global South Utilities (GSU) has acquired 51% of Uzbekistan’s Yashil Energiya, with the move marking its first investment in Central Asia and the Commonwealth of Independent States (CIS), according to a Khaleej Times report.
Istanbul-listed Aydem Renewables sells $550mn five-year debut green eurobonds at 9.875% coupon
Aydem Yenilenebilir Enerji (AYDEM) has sold $550mn of five-year debut green eurobonds at a coupon rate of 9.875% and a yield to investor of 10.375% (priced at 98.269), the company said on September 23.
Austria's OMV fires senior exec for Russian espionage
Austrian energy and chemicals group OMV has fired a long-serving executive over suspicions of espionage for Russia, and Vienna has summoned a Russian diplomat in connection with the case.
Ukrnafta secures €400 mln for gas power projects as DTEK expands storage in Poland
Ukrnafta has secured around €400mn in financing to build more than 400 megawatts (MW) of new power generation capacity, its top executive said, as Ukraine races to reinforce its energy system after heavy damage from Russian attacks.
Kazakhstan home to both cleanest and dirtiest air in global study
Kazakhstan has been singled out in a new study as home to some of the world’s cleanest towns for air quality, while also having some of the most polluted urban centres found anywhere, The Times of Central Asia reported on September 23.
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