Bulgaria: United Bulgarian Bank to finance Bulgartransgaz network upgrade under Vertical Gas Corridor project

United Bulgarian Bank has been selected to provide a five-year credit facility for Bulgartransgaz, Bulgaria’s gas transmission system operator, to modernize its network as part of the Vertical Gas Corridor project. The loan will support efforts to enhance energy connectivity between Greece and Central Europe. Despite Bulgartransgaz requesting €102 million, bids from major lenders—including Bank […]

Bulgaria: United Bulgarian Bank to finance Bulgartransgaz network upgrade under Vertical Gas Corridor project Read More »

Bosnia and Herzegovina: HPP Visegrad’s June output drops 43% amid ongoing decline in hydropower generation

Hydropower plant Visegrad, operated by “Hidroelektrane na Drini”, a subsidiary of the power utility ERS, generated 33.74 GWh of electricity in June 2025 — a 43% decrease from May’s output of 59.11 GWh. Compared to June 2024, when the plant produced 36.25 GWh, output is also slightly lower. In 2024, the plant produced a total

Bosnia and Herzegovina: HPP Visegrad’s June output drops 43% amid ongoing decline in hydropower generation Read More »

Romania removes double fees on stored electricity to boost energy storage investment

Romania’s National Energy Regulatory Authority (ANRE) has adopted new rules eliminating regulated charges on electricity that is stored and later fed back into the grid. Storage operators will no longer pay transmission extraction fees, distribution and system service charges, or green-certificate levies on discharged electricity. Under the new methodology, network operators must track stored-energy flows

Romania removes double fees on stored electricity to boost energy storage investment Read More »

Montenegro: EPCG plans 137MW Stedim solar power plant near Nikšić

Montenegro’s state-owned power utility EPCG plans to build the Stedim solar power plant near Nikšić, with an installed capacity of approximately 137 MW. Once operational, the plant is expected to generate around 169.7 GWh of electricity annually. The company has submitted documentation to the national Agency for Environmental Protection, requesting approval to conduct a full

Montenegro: EPCG plans 137MW Stedim solar power plant near Nikšić Read More »

Region: North Macedonia begins construction on Greece gas interconnector

North Macedonia has started building its portion of the natural gas interconnector with Greece, a project valued at around 60 million euros. The new pipeline will cover approximately 66.7 kilometers across North Macedonian territory and is expected to initially transport 1.5 billion cubic meters of gas annually. Its design allows for future capacity doubling, strengthening

Region: North Macedonia begins construction on Greece gas interconnector Read More »

Bulgaria probes costly BOTAS gas deal amid mounting financial losses

Officials from the Counter-Corruption Commission (CCC) have inspected the Ministry of Energy and collected all documents related to the gas agreement with Turkish supplier BOTAS. According to Energy Minister Zhecho Stankov, the Ministry’s report revealed daily costs surpassing 500,000 euros, rising since January due to contractual indexing. Stankov stated that Bulgaria is only using 11%

Bulgaria probes costly BOTAS gas deal amid mounting financial losses Read More »

Bosnia and Herzegovina: Bileća Lake water levels drop, but electricity supply in Republic of Srpska remains stable

The water level at Bileća Lake has fallen twelve meters below the planned level due to an unusually dry year. However, this shortfall does not pose a threat to electricity supply for consumers in the Republic of Srpska (RS), according to Ivan Koprivica, Executive Director for Technical Affairs at the ERS power utility. Currently, the

Bosnia and Herzegovina: Bileća Lake water levels drop, but electricity supply in Republic of Srpska remains stable Read More »

Europe: Austria accused of violating EU electricity trade rules, driving up regional prices

Industry federations representing heavy electricity consumers in Greece (EVIKEN), Bulgaria (BFIEC), and Romania (ACER) have accused Austria of violating EU regulations by limiting electricity exports to southeastern European countries. This action has reportedly led to increased electricity prices in the region. In a letter to European Commission Vice-President Teresa Ribera, Energy Commissioner Dan Jorgensen, and

Europe: Austria accused of violating EU electricity trade rules, driving up regional prices Read More »

Serbia: Electricity imports surge in 2024 amid rising demand and lower domestic generation

In 2024, Serbia experienced a notable increase in electricity consumption, coupled with a decline in domestic power generation, leading to a sharp rise in energy imports. Total electricity consumption, excluding internal use, reached 30.8 terawatt-hours (TWh), marking a 2.7% (0.8 TWh) increase compared to 2023. Among consumers, residential demand grew by 1.7%, while other low-voltage

Serbia: Electricity imports surge in 2024 amid rising demand and lower domestic generation Read More »

Scroll to Top