companies

North Macedonia: Alcazar Energy and IFC partner on 400 MW wind project

Luxembourg-based renewable energy investor Alcazar Energy Partners has signed a development support agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to advance a major wind power project in North Macedonia. The agreement will provide development funding for the initial phase of the Stip wind farm, a 400 MW project […]

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Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project

Romanian state-owned electricity producer Hidroelectrica has allocated approximately €20 million (excluding VAT) for advancing the Pascani hydropower plant (HPP) project on the Siret River. The investment focuses on acquiring and installing hydromechanical systems for four gates of the spillway dam. The contract encompasses a full turnkey solution, including design services, construction work, as well as

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Romania proposes financial guarantee for electricity market contracts to enhance stability and accountability

Romania’s National Energy Regulatory Authority (ANRE) has issued a draft order for public consultation that proposes the introduction of a financial guarantee for electricity market contracts. Set at 30% of the contract value, the guarantee is intended to bring more structure and stability to the electricity trading environment, according to ANRE President George Niculescu. Under

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Montenegro: Pljevlja coalmine reports slight decline in profit for 2024

Pljevlja coalmine recorded a net profit of 15.06 million euros in 2024, slightly down from 15.2 million euros in the previous year. According to the financial report, the coalmine’s sales revenues in 2024 reached 65.3 million euros, marking a 6.3% decrease compared to 2023. Operating expenses, however, dropped by 2.7%, totaling 57.1 million euros. At

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Romania: Petrol proposes increased dividend amid record profits in 2024

Slovenian energy company Petrol has proposed a gross dividend of €2.10 per share for the 2024 financial year, marking an increase of €0.30 compared to last year. The proposal, approved by the company’s Supervisory Board, will be presented for shareholder approval at the upcoming general assembly scheduled for the end of May. The dividend increase

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Region: Ownership dispute and debt claims strain relations between Srbijagas and Gas Promet

Serbian state-owned gas company Srbijagas is currently in a dispute with Gas Promet from Pale, located in the Republic of Srpska (RS), over unresolved property and legal matters. The conflict arose after Srbijagas initiated legal proceedings against Gas Promet, which denies owing a debt of 1.5 million euros and refuses to record it in its

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Serbia: Transportgas achieves certification as independent transmission system operator

The certification of Transportgas as an independent transmission system operator has been successfully completed, with the Energy Community confirming the achievement. This milestone was a central topic of discussion during a meeting between Serbia’s Minister of Mining and Energy, Dubravka Djedovic, and the newly appointed director, Zoran Jovcic. This certification, granted by the Energy Agency,

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