The hydropower plant Visegrad, operated by ERS subsidiary Hidroelektrane na Drini, generated 37.91 GWh of electricity in October 2025. This represents a 31.3 percent increase compared to September, when production reached 28.88 GWh. However, output remains lower than in the same month last year, when the plant delivered 47.63 GWh. In 2024, HPP Visegrad produced […]
The US Department of the Treasury’s Office of Foreign Assets Control has issued a new license allowing transactions related to the sale of Lukoil’s international assets to continue until 13 December. In addition, four Lukoil subsidiaries operating in Bulgaria have received authorization to maintain their activities until 29 April 2026. The same 13 December deadline
Region: US extends license for Lukoil asset transactions until 13 December Read More »
US private equity firm Carlyle is examining the possibility of acquiring segments of Lukoil’s international portfolio, as Washington intensifies sanctions on the Russian oil company in an effort to pressure Moscow toward negotiations over Ukraine. Lukoil represents about 2 percent of global oil production through its operations in Russia and abroad. The company has announced
The National Assembly expects the Government to accelerate development of the Mokrice hydropower plant and to submit progress reports every three months. The Government has now issued its formal response to the request made in May by the parliamentary Committee on Infrastructure, Environment and Spatial Planning, which called for faster implementation of the project and
Slovenia: Government reports progress on 28 MW Mokrice hydropower plant Read More »
A major modernization of Novi Sad’s district heating system will include the construction of a large solar-thermal plant, a seasonal heat-storage facility and an absorption heat pump. According to a prior information notice published by the European Bank for Reconstruction and Development (EBRD), the project represents an important step toward decarbonizing the city’s heating network.
Serbia: Novi Sad launches €110 million solar-thermal upgrade of district heating system Read More »
Negotiations on the sale of part of Serbian oil company NIS have entered an accelerated phase, with Russian Gazprom seeking to secure a buyer for its 11.3 percent stake. Moscow’s primary expectation is that Hungarian energy company MOL, backed by Prime Minister Viktor Orbán, will acquire the share package. A clearer direction is expected in
Serbia: Gazprom races to sell 11.3% stake in NIS as talks with MOL intensify Read More »
Eximprod has commissioned the Cudalbi 2 wind farm, a 38.4 MW facility that ranks among the most advanced renewable energy projects in southeastern Romania. The installation can produce more than 106,000 MWh of clean electricity annually, enough to supply over 40,000 households. Gheorghe Manole, co-founder of Eximprod Group, said the project demonstrates the ability of
Romania expands renewables with Eximprod’s new 38.4 MW Cudalbi 2 wind project Read More »
Energy and Mining Minister Admir Sahmanović stated that the Government does not plan to increase electricity prices, although future decisions will depend on several influencing factors. Speaking in Parliament, he stressed that ensuring both the sustainability of the energy system and affordable prices for citizens remains a key priority. Sahmanović acknowledged that Montenegro continues to
Montenegro rules out electricity price hike as energy investments accelerate Read More »
This renewed scrutiny comes despite an earlier investigation by RAAEY, which did not find evidence of market manipulation or improper bidding. However, in light of ACER’s findings, the regulator will review market activity from June to September 2024, with a particular focus on days of extreme volatility. One of the key dates under examination is
Greece revisits wholesale power surge despite no evidence of manipulation Read More »
Bulgaria’s National Assembly has taken steps that move in different directions regarding the expanded powers granted to a Government-appointed administrator for the country’s only oil refinery, Lukoil Neftochim Burgas. President Rumen Radev vetoed the amendments, arguing that the changes undermine the rule of law, contradict key European legal standards, and expose public finances to unnecessary
Bulgaria moves ahead with special administrator for Lukoil despite Presidential warning Read More »
