Russian energy giant Gazprom has sold its entire direct stake of 11.3 percent minus one share in Serbian oil company NIS, leaving it with just a single share compared to over 18.4 million before the transaction. The sale comes amid US sanctions targeting Russian ownership in the Serbian energy sector. The stake was acquired by […]
Serbia: Gazprom sells 11.3% stake in oil company NIS amid US sanctions Read More »
Turkish company Fortis Energy is set to begin construction of a large solar power plant in Sremska Mitrovica next spring. The project will be situated on private land in the Macva region, along the road to Drenovac. The construction permit has already been obtained, and approval for energy transmission is expected within the next three
Serbia: Turkish firm Fortis Energy plans 270 MW solar power plant in Sremska Mitrovica Read More »
Retele Electrice Romania has launched a public procurement process for network upgrade works in Dobrogea, with the tender valued at up to 13.2 million euros, excluding VAT. The project aims to expand distribution capacity, ensuring the necessary technical conditions to connect new consumers and integrate decentralized electricity generation. The tender includes a wide range of
Montenegrin state-owned power company EPCG has launched a third tender for the design and construction of the Otilovici small hydropower plant (SHPP). The project’s value remains the same as in previous attempts, set at 7 million euros excluding VAT, or 8.47 million euros including VAT. The project includes preparing the main design, constructing the facilities,
Montenegro launches third tender for Otilovici small hydropower plant construction Read More »
Hungary, which has long relied heavily on electricity imports, is experiencing a significant shift in its energy balance. While imports typically cover about 25 percent of the country’s electricity needs, between April and August this share fell below 15 percent. Forecasts for 2025 indicate that the level of imported electricity will stabilize at around 20
Hungary reduces electricity imports as domestic generation strengthens Read More »
Hungary’s natural gas transmission operator FGSZ and Slovakia’s Eustream have updated their Interconnection Agreement to expand gas transmission capacity from Hungary to Slovakia. Under the amendment, the annual flow limit will increase from 3.5 billion to 4.38 billion cubic meters, subject to approval by national regulators. The boost in capacity has been made possible through
Croatia is preparing to enter the nuclear energy sector with plans to build at least three small modular reactors (SMRs), according to energy expert Ivica Jakic. The move aligns with wider European policies supporting low-carbon technologies and builds on momentum from recent international agreements, particularly between the United States and the United Kingdom, which have
Croatia plans to build small modular reactors to boost energy security Read More »
AES, the operator of the Galabovo coal-fired power plant in Bulgaria, is exploring the replacement of one of its existing boilers with a molten salt reactor. The goal is to store surplus renewable electricity as thermal energy, which would later be converted into steam to drive the plant’s 345 MW turbine. The rapid expansion of
Bulgaria: AES weighs molten salt reactor to replace coal boiler at Galabovo power plant Read More »
The European Commission is reviewing a proposal to speed up the introduction of a ban on Russian liquefied natural gas (LNG) as part of the bloc’s 19th sanctions package against Moscow. The move comes in response to the ongoing war in Ukraine. The package would impose a complete ban on Russian LNG imports after 1
Europe: EU considers earlier ban on Russian LNG in new sanctions package Read More »
The Slovenian electricity market operator Borzen has held a new public auction for electricity generation at the Sostanj thermal power plant in 2026, in accordance with legislation on transitional coal exit financing. Approximately 350,000 MWh of baseload electricity was offered, divided into eight lots. For the two lots covering year-round delivery, Gen-i submitted the highest
