Montenegro: Pljevlja coalmine reports slight decline in profit for 2024

Pljevlja coalmine recorded a net profit of 15.06 million euros in 2024, slightly down from 15.2 million euros in the previous year. According to the financial report, the coalmine’s sales revenues in 2024 reached 65.3 million euros, marking a 6.3% decrease compared to 2023. Operating expenses, however, dropped by 2.7%, totaling 57.1 million euros. At […]

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Montenegro: Average household electricity bill in March 2025 drops 6.2% from February

In March 2025, the average electricity bill for households amounted to 38.48 euros, reflecting a 6.2% decrease from the previous month (41.03 euros) and a 10.7% increase compared to March 2024 (34.76 euros). Zabljak municipality recorded the lowest average bill at 18.3 euros, while Tivat had the highest at 50.8 euros. 59% of households paid

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Greece sees significant rise in gas consumption and LNG imports in Q1 2025

Greece recorded a significant increase in natural gas consumption in the first quarter of 2025, with total usage reaching 22.3 TWh, a 35.07% jump from 16.51 TWh in the same period of 2024, according to data released by the country’s gas transmission operator, DESFA. This surge builds on strong growth in 2024, when annual consumption

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Bosnia and Herzegovina: EBRD launches tender for construction of three new solar power plants

The European Bank for Reconstruction and Development (EBRD) has announced a tender for the design and construction of three solar power plants on behalf of Bosnia and Herzegovina’s state-owned power utility, Elektroprivreda BiH (EPBiH). The tender includes the Podvelezje 3, Gornja Breza, and Visca solar power plants. Interested bidders have until 26 May to submit

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Bosnia and Herzegovina: Republic of Srpska grants concession for Nova solar power plant

The Ministry of Energy and Mining of the Republic of Srpska has signed a concession agreement with local company Helios PV for the construction and operation of the Nova solar power plant, to be located in the Trebinje area. The planned solar facility will have an installed capacity of 12.249 megawatts (MW) and is expected

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Montenegro plans 4 GW in renewables, seeks stronger energy ties with Italy

Montenegro has plans to develop solar and wind energy projects totaling 4,000 MW, according to Admir Šahmanović, Minister of Mining, Oil and Gas and the Coordinator of the Ministry of Energy. Speaking at the Economic Dialogue Montenegro-Italy round table, Šahmanović emphasized the need for stronger bilateral cooperation in the energy sector and highlighted Montenegro’s strong

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Region: Greece highlights importance of gas interconnector with North Macedonia for European energy resilience

Dimitris Skalkos, Secretary General for International Economic Affairs at the Greek Ministry of Foreign Affairs, emphasized the strategic significance of the upcoming gas interconnector with North Macedonia, stating it will bolster the resilience of Europe’s energy system. His remarks were made during the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the

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