Three hydropower plants on the Bistrica river near Foča are expected to be completed by the end of 2026, according to Petar Đokić, Minister of Energy and Mining of the Republic of Srpska, one of the two entities of Bosnia and Herzegovina. The Chinese company AVIC is responsible for the construction of the plants, which […]
The entities of Bosnia and Herzegovina have agreed on the text of a new law that will regulate the country’s electricity market. Along with legislation concerning the electricity regulator and transmission system, the new law lays the groundwork for establishing a Bosnian power exchange, which will be based in Mostar. This development marks a major
Bosnia and Herzegovina: Entities reach agreement on new electricity market law Read More »
Croatia’s oil pipeline operator Janaf announced on April 11 that it has extended its storage agreement with local wholesaler Rijeka Trans until the end of July 2027. Under the renewed contract, Janaf will continue to provide storage for 10,000 cubic metres of oil derivatives at its facilities in Omisalj, according to a filing with the
Croatia: Janaf extends storage deal with Rijeka Trans Read More »
OMV Petrom and Romgaz, partners in the Neptun Deep offshore gas project, are preparing to drill a new exploration well as part of their concession agreement commitments. The companies have identified two potential drilling locations, both of which will undergo permitting, though only one site will ultimately be selected for operations. The exploration activity represents
Romania: OMV Petrom and Romgaz advance Neptun Deep project with new exploration well Read More »
Croatia’s ENNA Solar, part of the ENNA Group, has signed an agreement with Austria’s Kraftfeld Energy to acquire a ready-to-build solar project in Romania. The deal includes full ownership of special purpose vehicle PVP Cepheus, which developed the project in Giurgiu county. The 87.5 MW solar plant will be constructed in Mihăilești, approximately 25 km
Romania: ENNA Solar expands into romanian market with major solar project acquisition Read More »
Montenegro’s state-owned power utility EPCG recorded a net profit of €10.2 million in 2024, marking an 80.5% decrease from the €52.5 million profit achieved in 2023. The company’s pre-tax profit stood at €12.47 million, with retained earnings reaching €70.17 million by year-end. EPCG cited multiple factors for the profit slump, including unfavorable hydrological conditions that
Montenegro’s state-owned power utility EPCG has terminated its second tender for the design and construction of the Otilovici small hydropower plant after rejecting all submitted proposals. The public procurement commission dismissed bids from three consortia led by local firms Vigoris Ecotech, Permonte, and Elnos Crna Gora. While all three offers aligned with the tender’s estimated
At its annual general meeting on 24 April, shareholders of Hungarian oil and gas company MOL approved a total dividend payout of 0.68 euros per share. This includes a base dividend of HUF 165 per share from 2024 profits and an additional special dividend of 0.27 euros per share, bringing the total dividend fund to
Hungary: MOL approves increased dividend payout amid stable financial outlook Read More »
Currently, the City of Zagreb operates a total of 2.43 MW of solar capacity across public buildings. This represents a threefold increase since June 2021, when the capacity was only 0.7 MW. Contracts have also been signed or are nearing completion for an additional 16 MW of solar capacity on city-owned buildings. A contractor has
Croatia: Zagreb expands solar energy projects Read More »
Bosnia and Herzegovina (BiH) significantly increased its coal exports in the first quarter of 2025, with volumes more than doubling compared to the same period last year. Official data reveals that between January and March, the country exported 234,301 tons of coal, valued at 20 million euros. This marks a sharp rise from the first
Bosnia and Herzegovina doubles coal exports in early 2025 Read More »
