The largest electricity producer in the Republic of Srpska (RS), the coalmine and thermal power plant RiTE Ugljevik, recorded a loss of 13.8 million euros in the first half of 2025, increasing its total accumulated loss to 91.5 million euros. According to the interim financial statement, total revenues for the period reached 34.3 million euros, […]
Serbian oil and gas company NIS has announced that its board of directors has approved the sale of its wholly owned subsidiary, NIS Petrol Bulgaria, due to ongoing operational challenges in the Bulgarian market. According to the company’s H1 2025 financial report, the planned transaction involves the full divestment of its stake in the subsidiary.
Serbia: NIS to sell Bulgarian subsidiary amid market challenges Read More »
Romanian electricity producer Hidroelectrica reported a 27% year-on-year decline in net electricity output during the first half of 2025, generating a total of 6,068 GWh. The decrease was primarily driven by reduced hydroelectric production, which accounts for 98% of the company’s own generation mix. Wind power generation also saw a downturn, falling 14% year-on-year to
Romania: Hidroelectrica’s H1 2025 power generation drops 27% amid lower hydrology Read More »
Rezolv Energy has announced the selection of key partners for the second phase of the Vifor wind farm project in Buzău County, Romania. Through its special purpose vehicle, First Looks Solutions, the company awarded the Balance of Plant (BoP) contract to Austrian infrastructure firm PORR. The contract covers all civil works, as well as high-voltage
Romania: Rezolv Energy selects partners for second phase of Vifor wind farm Read More »
Solar energy developer GoldenPeaks Capital has completed and connected two new solar power plants in Hungary, contributing a total of 92 MW of installed capacity to the country’s energy system. The larger of the two, the Zemplén solar power plant near Bodroghalom, has a capacity of 64.56 MW and has been fully operational since March.
Croatian state-owned oil transportation company JANAF continued its steady growth in the first half of 2025, as reflected in its financial performance. The company generated total revenues of 69 million euros, with income from core activities rising by nearly 4 % year-on-year to 64.9 million euros. Gross profit for the first six months amounted to
According to the Bulgarian National Statistical Institute, electricity production in May 2025 fell by 21.6% compared to April, totaling 2,585 GWh. Electricity consumption also declined on a monthly basis, dropping by 10.3% to 2,408 GWh. Natural gas consumption in May decreased by 17.8%, amounting to 180 million cubic meters, while domestic gas production remained unchanged
The Djerdap 1 hydropower plant is currently operating under limited water supply, which has significantly reduced its electricity production. This month, generation has averaged about 57% of both its installed capacity and the planned production target. Additionally, unit 6 of the plant is undergoing a major overhaul. Ongoing drought conditions and unusually low water levels
Serbia: Djerdap 1 hydropower plant operating at reduced capacity due to low water levels Read More »
In the face of a challenging macroeconomic environment during the first half of 2025, the NIS Group remained committed to maintaining market stability, ensuring a steady supply of all fuel types, and protecting the social welfare of its employees. These strategic priorities were successfully upheld despite a complex operating environment. The company’s financial and operational
Serbia: NIS Group maintains market stability despite loss in H1 2025 Read More »
Croatian oil company INA and Energean have agreed to invest in the development of the Irena gas field, located in the northern Adriatic within the Izabela exploration block. The total capital investment is set at €71 million, with Energean contributing €50 million and INA providing the remaining €21 million. Energean holds a 70% working interest
Croatia: INA and Energean to invest €71 million in Irena gas field development Read More »
