power utility

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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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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