Hungarian Foreign Minister Peter Szijjarto said that the government signed an accord with Belarus to help build Hungary’s second nuclear plant. Nuclear power plant Paks 2 has been under construction by Russia’s Rosatom since 2014. The Russian company is building two reactors with a capacity of 1.200 MW each in central Hungary. -Of great importance […]
Hungary inks deal with Belarus to help build nuclear reactor Read More »
Kozloduy Nuclear Power Plant decided to terminate the contract with Russia for the supply of nuclear fuel, executive director Valentin Nikolov said. The contract was due to end in 2025. He added that Russian fuel already delivered will now serve as a reserve. He made the comments during a ceremony marking the loading of the
Bulgaria: NPP Kozloduy to cut Russian fuel supplies Read More »
The first exploratory drilling in the Eastern Mediterranean is projected to commence between late 2025 and early 2026, according to Greek Environment and Energy Minister Theodoros Skylakakis. He made this announcement during the “East Mediterranean Gas Forum” meeting held in Athens. Skylakakis emphasized the increasing significance of the Eastern Mediterranean region for European energy security
Greece: Exploratory drilling in Eastern Mediterranean to start by 2026 Read More »
Black Sea Oil & Gas SA (BSOG) and its shareholders, global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD) announce that it has launched BSOG Energy SRL, a new company focused on developing biogas production plants across Romania. Headquartered in Bucharest, Romania, BSOG Energy will develop biogas plants across Romania with
Romania: Black Sea Oil & Gas launches new biogas business Read More »
In the first four months of 2024, renewable energy sources surpassed fossil fuels in Greece’s electricity mix for the first time, reducing the sector’s emissions to a new low. Renewable energy sources plus large hydro accounted for 8.09 TWh of total production from January through April, while natural gas, lignite and oil contributed 498 GWh
Greece: Renewable energy production exceeded 8 TWh in the first four months Read More »
Following extensive testing and go-live preparation for the upcoming Intraday Auctions (IDAs), Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) confirmed the IDA go-live date of June 13, 2024, for delivery on June 14, 2024. The first SIDC auction will take place on 13 June 2024 at 3 PM CET. Pricing the intraday
Europe: Confirmation of the go-live date for Intraday Auctions on June 13 Read More »
TMK Hydroenergy Power, in partnership with Innovation Norway, developed the first floating photovoltaic energy system in Romania, on the lake of the Grebla hydropower plant, a landmark in renewable energy and produces over 1 million kWh of green energy annually. The initiative represents a pioneering action and marks a significant step towards sustainability, through the simultaneous
Romania: TMK Hydroenergy commissioned a 1 MW floating solar power plant Read More »
Gross electricity production in Bosnia and Herzegovina reached 1,351 GWh in March, compared to 1,654 GWh in the same month last year, according to the data published by the Agency for Statistics. In total gross electricity production, hydropower plants participated with the share of 44.8 %, thermal power plants with 50.6% and solar and wind
BiH: Electricity production decreased to 1.35 TWh in March Read More »
The revised financial projection for 2024, including a 14.2% downward revision of the net profit notified by the management of Hidroelectrica to shareholders, sent the company’s shares down by 2.55%. The revision was prompted by a change in the electricity price outlook, only partly compensated by the higher production forecast. Total operating revenues are rectified
Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast Read More »
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit. The investment of about 16 million dollars, implemented as part of the recently completed general turnaround, will lead to increased amounts of loaded catalysts.
