News - Page 34 of 37 - Balancing Energy

Serbia: Refinery in Smederevo to be in line with the highest EU standards

Serbia’s Minister of Mining and Energy, Dubravka Đedović Handanović, recently finalized a framework agreement with “China Energy International Group” to construct an oil processing plant in Smederevo, aimed at producing derivatives in line with EU standards. This development has sparked discussions regarding the necessity of another refinery in the country and its implications, particularly concerning existing Russian-owned refineries. Handanović […]

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EU and Serbia resolved legal obstacles to the lithium sourcing agreement

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar region, is finalized. Negotiations are in the concluding stages, as mentioned during a significant event in Brussels. The trade agreement, aimed at sourcing critical raw materials from Serbia, has been in the works since last

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Serbia: Could EPS expand in the region?

Serbia’s President, Aleksandar Vučić, made it clear that the sale of EPS (Electric Power Industry of Serbia) is not on the agenda. Instead, he announced plans for Serbia to acquire other power companies in the region, signaling a shift towards regional energy consolidation. However, skepticism looms within the professional sphere regarding the feasibility of such an endeavor,

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Serbia: Krivaca wind farm commissioned

The Krivaca wind farm stands as a testament to Serbia’s growing commitment to renewable energy. Situated in Eastern Serbia, it is one of the largest wind farms in the region and the first of its kind in the area. This significant investment, valued at 165 million euros, facilitates an annual production of 310 GWh of green energy, capable

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Serbia: Transportgas to optimise gas arrangements

Transportgas Serbia LLC, based in Novi Sad, has initiated a study to optimize gas arrangements within the transport system. The technical specifications for the project highlight Serbia’s heavy reliance on energy imports in the natural gas sector, compounded by a decline in domestic gas production and a lack of significant new discoveries. The completion of the Balkan

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Albania: Karavasta Solar Park produced 45 GWh in Q1

Renewables company Voltalia said its Karavasta Solar Polar Power Plant in Albania delivered 45 GWh of electricity in the first quarter of 2024. Revenues generation at a high price for the power plant of Karavasta, and the indexation of selling prices to inflation have contributed to a 20% year-to-year surge in the company’s energy sales

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Romania: Premier Energy closes IPO at 490 million euros valuation

Energy group Premier Energy said that its initial public offering (IPO) at the Bucharest Stock Exchange in Romania has been priced at RON 19.50 per share, with the transaction raising RON 695.1 million (EUR 139.6 million) in gross proceeds, including over-allotment. Premier alone placed just above 25 million new shares in the offering, saying it

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Bulgaria: Bulgargaz claims 400 million euros from Gazprom for gas supply suspension

The management of natural gas supplier Bulgargaz decided to seek 400 million euros from Gazprom for the 2022 suspension of fuel supplies. The decision was published by Energy Minister Vladimir Malinov at a news briefing. Gazprom cut off gas supplies to Bulgaria as of April 27, 2022, after Bulgaria refused to pay in rubles as demanded by

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Republika Srpska: EFT completed the construction of 60 MW Bileća solar park

Petar Đokić, Minister of Mining and Energy of the Republika Srpska, announced that the company’s Energy Financing Team completed the construction of the Bileća solar power plant, with an installed capacity of 60 MW. The solar park is located at the Zarečje location and covers 133 hectares. It is estimated that the plant will produce around 84 GWh

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Serbia: MK and Alfi commissioned 106 MW Krivača wind park

MK Group and Alfi Renewables inaugurated Krivača Wind Park in eastern Serbia. At 105.6 MW in capacity, it is the first such facility in the country south of the Danube as well as the Sava River. The construction of the Krivača wind farm Began in May 2021. It is the first RES project in Serbia with

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