Montenegro launches third tender for long-delayed overhaul of Bar oil storage facility

The Montenegrin Ministry of Oil and Gas has launched a third tender to select a contractor for the long-delayed overhaul of the state-owned oil storage tanks in the Adriatic port of Bar. The project is valued at 1.8 million euros, the same as in the two previous tenders, with the deadline for bid submissions set […]

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Serbia: Turkish company GridFlex to invest €17 million in electricity storage facility near Leskovac

The Turkish energy company GridFlex plans to invest 17 million euros in a new electricity storage facility near Leskovac, local authorities announced following a meeting between Mayor Goran Cvetanović and company representatives. GridFlex specializes in container-based battery storage systems aimed at improving network flexibility, supporting the integration of new energy sources, and contributing to the

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Serbian oil company NIS seeks new extension of US sanctions suspension

Serbian oil company NIS has submitted an updated request to US authorities seeking another extension of the suspension of sanctions. The company’s current authorization, which allows it to continue operations despite the restrictions, is set to expire on 8 October. NIS is requesting a new license to maintain its activities beyond that date. The sanctions

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Hungary: HUDEX to cease all electricity and gas trading due to low market liquidity

HUDEX has announced that it will cease all electricity and natural gas trading after concluding that market liquidity remains insufficient to support sustainable long-term operations. Despite extensive efforts and detailed assessments conducted in recent years, trading volumes failed to reach the levels required to meet regulatory standards. As a result, the company’s board has approved

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Hungary: HUPX electricity prices rise 27% in September 2025, trading volumes decline

The average price of electricity on the day-ahead market of the Hungarian energy exchange HUPX reached 101.93 euros per MWh in September 2025, marking a 27 percent increase compared to August, when the average baseload price stood at 80.51 euros per MWh. The average peak price on the HUPX day-ahead market amounted to 97.08 euros

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Bosnia and Herzegovina: EPBiH completes major overhaul of Tuzla thermal power plant Unit 4

State-owned power utility EPBiH has completed a comprehensive capital overhaul of Unit 4 at its coal-fired thermal power plant in Tuzla, extending the operational life of one of its key generation units and enhancing its technical performance, reliability, and safety. The project, valued at 15.3 million euros and financed entirely from EPBiH’s own resources, will

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Bosnia and Herzegovina: Energoinvest requests 1.63% natural gas price reduction for fourth quarter of 2025

The Federal Ministry of Energy, Mining and Industry has received a request from natural gas importer Energoinvest to lower gas prices for tariff customers by 1.63 percent in the fourth quarter of 2025. The proposal would reduce the price from 413.6 euros per 1,000 standard cubic meters to 406.8 euros per 1,000 standard cubic meters,

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Serbia launches Central-Balkan Corridor project to strengthen transmission network and support renewables

Serbian electricity transmission operator EMS has commissioned the Institute of Architecture and Urban Planning of Serbia to prepare the spatial plan for the Central-Balkan Corridor, a major project designed to increase transmission capacity on the Serbian-Bulgarian border and establish a 400 kV east-west link to replace the existing 220 kV network. The first stage includes

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Romania: Transelectrica unveils €130 million 2025 investment plan to expand power grid and boost renewable integration

Romanian electricity transmission operator Transelectrica has announced an investment program exceeding 130 million euros for 2025, marking its most ambitious plan in recent years. The company aims to build more than 740 kilometers of new overhead power lines by 2030, supported by over 380 million euros in combined funding from European sources and internal resources.

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Hungary proposes new wind energy zones with higher turbines and streamlined rules

Hungary has opened a draft legislative package for public consultation that proposes creating designated zones, primarily in the country’s northwest, where wind turbines could be built under more flexible conditions. If approved, 17 subcounties with strong average wind potential would be included, with the possibility of adding additional zones in Dunaujvaros, Heves, Mezotur, Miskolc, and

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