In Week 25 of 2025, electricity market prices rose sharply across all Southeast European (SEE) countries compared to the previous week, with average prices exceeding €80/MWh. This increase was driven by a rise in gas prices—whose futures reached their highest settlement level since April 3—and by higher demand caused by rising temperatures. The week started […]
Bulgarian coal-fired power plant Bobov Dol will distribute a dividend of 0.051 euros per share for 2024, allocating around 444,000 euros from its net profit of just over 2 million euros. The remaining profit will be retained for future use. Dividend payments will begin on August 20 and continue over three months. This year’s payout
Bulgaria: TPP Bobov Dol declares 2024 dividend amid profit decline Read More »
In Week 24 of 2025, electricity market prices declined across all Southeast European (SEE) countries except Italy and Türkiye. Despite ongoing tensions in the Middle East and rising gas prices, European electricity prices have generally decreased recently. This trend was mainly driven by increased renewable energy production and high gas reserve levels. The week started
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,
The coal-fired thermal power plant Stanari, operated by the EFT Group, recorded a net profit of 19.7 million euros in 2024. The plant generated revenues of 116.4 million euros, down from 140 million euros in 2023. This decline in income significantly affected profitability, as net profit fell from 42 million euros the previous year. Despite
Serbia possesses significant untapped geothermal energy resources that have the potential to play a key role in the country’s energy transition. Ivan Jankovic, Deputy Minister of Mining and Energy, highlighted the importance of incorporating geothermal energy into Serbia’s overall energy strategy. As part of an initiative aimed at improving energy efficiency in state-owned buildings, the
Serbia explores geothermal energy to boost clean energy transition Read More »
The Slatina 3 geothermal drilling project in Croatia has been abandoned following the bankruptcy of EES Dravacel, the company holding the exploration license. The project, backed by British firm Cindrigo, collapsed despite an investment of around 4 million euros, due to a lack of a viable business plan and financial instability. Verko Kutleša, the bankruptcy
Croatia: Geothermal project halted after investor bankruptcy and license revocation Read More »
Coalmine and Thermal Power Plant (RiTE) Gacko has issued a public tender to select a contractor for excavation, loading, transportation, disposal, and land leveling as part of its mine expansion project. The contract’s estimated value is up to 5 million euros, excluding VAT. The work will be carried out at the PK Gacko surface mining
A major overhaul has commenced at the coal-fired thermal power plant Gacko, following a period of strong production and solid financial results for the company. This was confirmed by Maksim Skoko, director of the Gacko coalmine and thermal power plant (RiTE Gacko). The overhaul is expected to last 70 days, with the plant planned to
Bosnia and Herzegovina: Gacko TPP begins major overhaul amid strong performance 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
