power utility

Serbia strengthens power grid amid growing focus on European energy resilience

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 […]

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North Macedonia issues first renewable energy certificates to ESM

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

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Montenegro: EPCG faces major financial strain amid TPP Pljevlja shutdown and rising electricity demand

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

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Greece: PPC Group reports €450 million adjusted EBITDA in Q1 2025 amid seasonal challenges

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

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French firm Akuo Energy signs power purchase agreement for Serbia’s largest wind farm, Bela Anta 2

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

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Montenegro: EPCG reports €10.2 million Q1 2025 profit amid revenue and cost increases

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

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Bosnia and Herzegovina: EIB supports 132 MW Poklecani wind farm in with €103 million loan

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

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Serbia: Pumped-storage hydropower plant Bistrica progresses as strategic energy project

Representatives from Serbia’s state-owned power utility EPS, local authorities, and non-governmental organizations held a presentation in Nova Varoš to discuss the construction of the Bistrica pumped-storage hydropower plant. Aleksandar Jakovljević, Executive Director for Investments and Development at EPS, underlined the importance of the Bistrica project, calling it the most significant ongoing energy initiative in Serbia.

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Serbia: EPS secures purchase of electricity from Alibunar wind farms, expanding renewable energy capacity

State-owned power utility EPS has secured the purchase of electricity from the upcoming Alibunar 1 and 2 wind farms, which will have a combined capacity of 168 MW. This move is part of EPS’s ongoing commitment to invest in renewable energy projects, aiming to strengthen its production portfolio and market position while supporting renewable energy

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Serbia: Public consultations scheduled for planned Bistrica pumped-storage hydropower project

State-owned power utility EPS has announced that public consultations for the environmental and social impact assessment (ESIA) of the planned Bistrica pumped-storage hydropower plant will be held on 13–14 May. This marks a key step in the project’s regulatory and community engagement process. EPS recently confirmed a delay in finalizing the draft Environmental Impact Assessment

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