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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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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.
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.
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.
France’s Engie buys 54 MW ready-to-build wind project in eastern Romania
The Romanian subsidiary of the French utility group Engie announced that it has completed the acquisition of a 54 MW ready-to-build wind project in Mereni, Constanța County.
Enevo-led consortium delivers 69 MW solar park to Danish Eurowind in central Romania
A Romanian-led engineering consortium headed by Enevo Group has completed and delivered a 69 MW solar park to Danish renewable energy developer Eurowind in Teiuș, Alba County, central Romania.
Ukraine lowers electricity shortage forecast as decentralised power grows
Ukraine's central bank has revised down its forecast for the country’s electricity shortage over the next two years, citing accelerated repairs and growth in decentralised and renewable power generation.
First concrete pour for Uzbek nuclear plant project expected within year, says Rosatom CEO
The initial concrete should be poured for Uzbekistan’s first nuclear power plant (NPP) within a year, according to Alexey Likhachev, CEO of Russian state nuclear corporation Rosatom.
Uzbekistan sees robust rise in coal production, declines in oil and gas output in 1Q25
North Macedonia's electricity generation drops y/y in February
North Macedonia’s gross electricity generation fell by 5.5% year-on-year to 570.5 GWh in February 2025.
€56.5mn investment to modernise Kosova B power plant launched
An investment of €56.5mn by the Kosovo Energy Corporation (KEK) has officially launched with the start of modernisation works on the B2 unit at the Kosova B power plant.
Poland signs contract with US firms to design first Polish nuclear power plant
Poland has signed a contract with US firms Westinghouse Electric Company and Bechtel to design its first nuclear power plant (NPP), marking a major step forward in Warsaw’s plan to reduce carbon emissions and strengthen energy security.
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