power utility

Greece: PPC advances 490 MW solar project at former Megalopoli coal site

Greece’s Public Power Corporation (PPC) has launched the second phase of its major 490 MW solar power project in Megalopoli, marking a significant step in the country’s transition from coal to renewable energy. Located in southern Greece, the site was formerly home to one of the country’s key lignite mining operations, now being repurposed as […]

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Croatia: HEP submits environmental impact assessment for 12 MW floating solar power plant

Croatia’s state-owned power utility HEP has taken a key step toward expanding its renewable energy portfolio by submitting an application for an environmental impact assessment (EIA) for a proposed floating solar power plant. According to the Croatian Ministry of Environmental Protection, the plant would have an installed capacity of 12 megawatts (MW) and be located

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Serbia: EPS posts €92 million Q1 profit, advances in renewables despite hydropower slump

State-owned Serbian power utility Elektroprivreda Srbije (EPS) reported a net profit of €92 million in the first quarter of 2025, surpassing expectations despite a reduction in electricity prices for businesses of up to 20% year-on-year. The strong financial performance has been attributed to improved operational efficiency and a secure energy supply during the winter. While

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Romania: Hidroelectrica sees 38% drop in Q1 2025 output, confirms €800 million dividend payout

Romanian state-controlled electricity producer Hidroelectrica reported a sharp year-on-year decline in electricity output for the first quarter of 2025, with gross generation falling 38% to 2,735 GWh. Net production mirrored this decline, also down 38% to 2,656 GWh. Electricity sales dropped by 36% to 2,843 GWh, while electricity purchases rose 10% to 196 GWh. The

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Montenegro: EPCG reports sharp profit decline in 2024 amid hydrological and market challenges

Montenegro’s state-owned power utility EPCG recorded a net profit of €10.2 million in 2024, marking an 80.5% decrease from the €52.5 million profit achieved in 2023. The company’s pre-tax profit stood at €12.47 million, with retained earnings reaching €70.17 million by year-end. EPCG cited multiple factors for the profit slump, including unfavorable hydrological conditions that

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Montenegro: EPCG cancels second tender for Otilovici small hydropower plant over bid compliance issues

Montenegro’s state-owned power utility EPCG has terminated its second tender for the design and construction of the Otilovici small hydropower plant after rejecting all submitted proposals. The public procurement commission dismissed bids from three consortia led by local firms Vigoris Ecotech, Permonte, and Elnos Crna Gora. While all three offers aligned with the tender’s estimated

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Serbia: EPS delays environmental study for Bistrica hydropower project due to legal changes

State-owned power utility EPS has announced a delay in completing the draft environmental impact assessment (EIA) study for the Bistrica pump-storage hydropower plant project, citing recent changes in legislation as the primary reason. The study is being developed in line with Serbia’s Law on Environmental Impact Assessment and based on guidelines issued by the Ministry

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Serbia: EPS completes wind and solar installations as part of green energy push

Elektroprivreda Srbije (EPS) has successfully completed the installation of the 20th and final wind turbine at its first-ever wind farm in Kostolac, finalizing a renewable energy project with a total capacity of 66 MW. In parallel, all solar panels have been installed at the nearby Petka solar power plant, which is scheduled to be connected

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