ICGB, the independent operator of the Greece-Bulgaria gas interconnection (IGB pipeline), has obtained a construction permit for the first phase of its capacity expansion project. This phase involves upgrading the Stara Zagora metering station in Bulgaria, increasing its throughput capacity from 3 to 5 billion cubic meters per year. With the permit secured, ICGB can […]
Coalmine and Thermal Power Plant (RiTE) Gacko reported a net profit of approximately 290,000 euros, a significant improvement compared to a loss of 11.8 million euros during the same period last year. The company’s total revenues in the first half of the year reached 45.8 million euros, reflecting an 11.5% increase year-on-year. Meanwhile, total expenses
The Montenegrin Government has granted a 24.5-year concession to the Pljevlja coalmine for the exploration and extraction of brown lignite at four sites in the Pljevlja municipality: Potrlica, Kalusici, Grevo, and Rabitlje. Under the agreement, the company will pay a fixed total fee of 64 million euros, divided into annual installments of 2.67 million euros
Montenegro grants 24.5-year lignite concession to Pljevlja Coalmine Read More »
North Macedonia is preparing to raise the maximum capacity for rooftop solar installations to 10 kW for households and 70 kW for businesses, up from the current limits of 6 kW and 40 kW. The draft legislation also introduces strict timelines for permitting and grid connection. Under the proposal, authorities will be required to issue
North Macedonia proposes higher rooftop solar limits and faster approval process Read More »
In July 2025, the average price of electricity on the day-ahead market of the Hungarian energy exchange (HUPX) was 102.56 euros/MWh, marking a 22% increase compared to June’s average baseload price of 84.1 euros/MWh. The average HUPX day-ahead peak price reached 86.36 euros/MWh, up by 63% from the previous month. Day-ahead market trading volume totaled
Hungary: HUPX day-ahead power prices surge 22% in July 2025 Read More »
Westinghouse Electric Company has signed its first contract with Bulgarian firm MTG Dolphin to support the construction of two AP1000 reactors at the Kozloduy nuclear power plant. Under the agreement, MTG Dolphin will establish a Nuclear Quality Assurance (NQA-1) framework, promote a strong safety culture, prepare engineering documentation for a prototype build, and may construct
A consortium led by US financier Stephen P. Lynch, along with investor Fei Wang, has approached Bulgarian authorities to explore participation in a government-backed project aimed at doubling the capacity of the Chiren underground gas storage facility. Currently, Chiren stores mainly Russian gas and plays a crucial role in balancing seasonal demand fluctuations. The proposed
Slovenia’s Ministry for Cohesion and Regional Development has awarded over 4 million euros from the Just Transition Fund to HSE for the expansion of its Prapretno solar power plant, specifically phases 2 and 3. Once fully completed, the site’s total capacity will reach 10 MW. HSE has increasingly focused its investments on renewable energy, with
Slovenia: HSE secures funding for Prapretno solar expansion and new project in Zagorje Read More »
Shikun and Binui, a long-time player in Romania’s real estate sector and an expanding investor in renewable energy, has received a commercial operation permit for its first solar project in the country—a 71 MW solar power plant located in Satu Mare. With the permit in place, Shikun and Binui Energy Satu Mare can now register
Končar Group reported consolidated sales of 636.8 million euros in the first half of 2025, marking a 33% increase compared to the same period last year. Exports accounted for 71.5% of total revenue. The book-to-bill ratio stood at 1.4, pushing the order backlog to a record-high 2.3 billion euros. Net profit rose to 129.2 million
