Uncategorised Archives - Page 9 of 13 - Balancing Energy

Slovenia: Krsko NPP expansion project estimated at 9.3 to 15.4 billion euros

Slovenian energy group Gen-Energija said an expansion of Krsko nuclear power plant’s capacity by 1,000 MW will cost an estimated 9.3 billion euros. The estimated investment value is 9,300 euros per kW of installed power. This means 9.3 billion euros for 1,000 MW and 15.4 billion euros for 1,650 MW, Gen-Energija’s executive director for finance, […]

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Slovenia gets 68% of its gas from Austria

In 2023 Slovenia imported 68.3% of its gas from Austria and 28.3% from Algeria, through Italy, according to data published by the Energy Agency. The agency sdded that Russian gas still represents a large share of the gas imported from Austria. Slovenia is one of five EU states that have not cut gas consumption by

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SEE region: Electricity prices ranged between 66 and 91 euros euros/MWh in week 19

In week 19, electricity prices in SEE region increased compared to the previous week, by 25% in average, due to the higher electricity demand, the drop in wind energy production and the increase of CO2 emission right futures. Most markets reached the highest on Monday May 6 and then fell back over the course of the week.

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Romania: Electrica reports net profit of 25,6 million euros in Q1

In the first three months of 2024, EBITDA at the Electrica Group level increased by 170 percent, reaching RON 400.8 million (80.5 million euros), compared to RON 148.7 million (29.9 million euros) achieved in the first three months of 2023. The EBITDA growth was mainly driven by the operational performance of the distribution segment on

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Romania: Hidroelectrica’s net profit reached 265 million euros in Q1

Hidroelectrica records a decrease in operational and financial results for the first three months of 2024 compared to the same period in 2023, in line with the approved budget. Hiroelectrica’s operating margin and net margin decreased by 2 percent and 1 percent, respectively, compared to the same period in 2023, mainly due to the decrease

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Bulgaria: Botas to deliver LNG to Bulgargaz in June

Turkish natural gas and LNG company Botas will supply one liquefied natural gas cargo in June to Bulgaria’s Bulgargaz following the completion of a recent tender. Earlier this month, Bulgargaz launched a tender seeking one cargo of about 1 TWh (3,400,000 MMBtu) for delivery to LNG terminals in Turkiye from June 24 to June 25.

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Romania: Electricity production reached 15.4 TWh in Q1

Electricity consumption in Romania in the first quarter of 2024 amounted to 12.9 TWh, which is 1% more compared to the same period in 2023, according to the data published by the National Institute for Statistics. Industrial electricity consumption reached 9.78 TWh, which is 1% more compared to last year. Household electricity consumption amounted to

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Romania: Romgaz prepares 1.5-billion-euro MTN scheme to finance Neptun Deep project

Romania’s natural gas company, with Rothschild Bank as its adviser, hired JP Morgan to lead the consortium of banks that will intermediate the sale of bonds on the foreign market under an MTN scheme aimed to finance the Black Sea gas project, Neptun Deep, local media reported. The MTN scheme would reportedly have a size

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Croatia: Net electricity production amounted to 1.5 TWh in March

Net electricity generation in Croatia in March 2024 amounted to 1,457 GWh, which is 13.4% lower compared to March last year (1,682 GWh), according to the data by the Bureau of Statistics. In March, 782 GWh of electricity or 53.7% was produced in hydropower plants, 310 GWh or 21.3% was produced in thermal power plants,

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Bulgaria: SENS LSG connected 141 Mwp solar projects to the grid

A German-Austrian joint venture SENS LSG has connected two solar parks with a combined capacity of 141 MWp to the electricity network. The solar parks, one of 91 MWp and the other of 50 MWp are located in the municipality of Dalgo Pole, where they join SENS LSG’s previously executed project. SENS LSG is a

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