Serbia’s state-owned power utility, Elektroprivreda Srbije (EPS), has initiated a public procurement process to hire a consultant who will serve as the FIDIC engineer for the concluding phase of the Kostolac B3 thermal power plant project. The estimated value of the contract is around 600,000 euros. The role, defined under the FIDIC “Yellow Book” framework, […]
Montenegro’s state-owned power utility, EPCG, is preparing to bring an international partner on board to support the development of the long-delayed Komarnica hydropower plant. Designed to have an installed capacity of 172 megawatts and produce approximately 213 gigawatt-hours of electricity annually, the project is part of EPCG’s broader hydropower expansion strategy. Alongside Komarnica, EPCG is
Montenegro: EPCG seeks international partner for controversial HPP Komarnica project Read More »
To meet Crete’s electricity demand during the high-consumption summer season, the Greek Public Power Corporation (PPC) is finalizing the installation of a third turbine unit at the HERON 1 mobile gas-fired power plant. This expansion completes a key energy strategy designed to strengthen the island’s electricity supply. HERON 1, leased for two years from GEK
In light of recent large-scale blackouts affecting multiple European countries, including incidents in the Balkans and on the Iberian Peninsula, Serbia is stepping up efforts to ensure the stability and resilience of its electricity transmission system. These developments will be at the center of discussions at an upcoming energy conference in Kopaonik. Jelena Matejić, CEO
Serbia strengthens power grid amid growing focus on European energy resilience Read More »
North Macedonia has reached a significant milestone in its energy transition, as the national market operator MEMO issued the country’s first Guarantees of Origin (GoOs) for electricity generated entirely from renewable sources. The inaugural certificates were granted to the state-owned utility Elektrani na Severna Makedonija (ESM) for its hydropower production. Energy Minister Sanja Bozinovska hailed
North Macedonia issues first renewable energy certificates to ESM Read More »
Montenegro’s state-owned power utility EPCG is bracing for a significant financial shortfall in 2025, according to CEO Ivan Bulatović. To ensure a stable electricity supply for households and businesses, the company is expected to seek financial assistance from commercial banks. Several key challenges are driving the projected losses. The thermal power plant (TPP) Pljevlja, a
PPC Group has published its financial results for the first quarter of 2025, reporting an adjusted EBITDA of 450 million euros. The figure reflects the impact of seasonal factors, particularly unfavorable weather conditions in Greece and Romania that reduced renewable energy output. Lower rainfall and weak wind conditions led to a decline in generation across
French renewable energy company Akuo Energy has finalized a power purchase agreement (PPA) with Serbia’s state-owned utility EPS for the Bela Anta 2 wind farm. The agreement covers the full 80 MW capacity of the project and includes responsibilities for network balancing. Bela Anta 2 is developed by Matrix Power, a wholly owned subsidiary of
Montenegro’s state-owned power company EPCG posted a net profit of 10.2 million euros in the first quarter of 2025, slightly down from 11.4 million euros in the same period last year. The company’s net sales revenues increased to 125.7 million euros during the first three months of 2025, up from 113.2 million euros in Q1
Montenegro: EPCG reports €10.2 million Q1 2025 profit amid revenue and cost increases Read More »
The European Investment Bank (EIB) has granted a loan of 103.05 million euros to the Bosnian power utility EP HZHB. This funding will support the development of a 132 MW wind farm in the southwestern region of the country. The Poklecani wind project will be located in the mountainous area of West Herzegovina Canton, within
