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BiH’s ERS Generates EUR 16.87 Net Profit in 2019Photo: Andreja Krašna

BiH’s ERS Generates EUR 16.87 Net Profit in 2019

July 10, 2020 | Peter Palčec
Electricity

Elektroprivreda Republike Srpske (ERS), one of the three power utilities of Bosnia and Herzegovina (BiH), generated a net profit of EUR 33.023 million (EUR 16.87) in 2019, a huge increase compared to the KM 1.8 million (EUR 0.96 million) it generated in 2018, states the company’s financial results....


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Bulgarian IBEX Announces New Trading Volume RecordPhoto: Roman Peklaj

Bulgarian IBEX Announces New Trading Volume Record

July 10, 2020 | Peter Palčec
Electricity

The Bulgarian energy exchange, IBEX, announced a new record of the traded volume on the day-ahead market. The total traded volume of electricity for the 8 July 2020 delivery day amounted to 53,362.20 MWh with an average load of 2,223.43 МW....


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Construction of Bistrica HPPs Could Be Delayed If BiH’s ERS Fails to Pay EUR 10mPhoto: www.cez.cz

Construction of Bistrica HPPs Could Be Delayed If BiH’s ERS Fails to Pay EUR 10m

July 10, 2020 | Peter Palčec
Electricity | Energy policy

If Elektroprivreda Republike Srpske (ERS) fails to pay KM 20 million (EUR 10.22 million) by 4 September to China’s National Aero-Technology International Engineering Corporation (AVIC), the company chosen to construct three hydropower plants (HPPs) on the Bistrica river in Republika Srpska, the Chinese company has the right to terminate the construction contract. Additionally, ERS may not...


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Bulgaria and Romania Could Become Important Drivers of Europe’s Green RecoveryPhoto: Pixabay

Bulgaria and Romania Could Become Important Drivers of Europe’s Green Recovery

July 10, 2020 | Peter Palčec
Electricity | RES and EE | Coal | Energy policy

“Through clean energy investment, Bulgaria, the Czech Republic, Poland and Romania can be important drivers of Europe’s green recovery and climate efforts,” states a report titled ‘Investing in the Recovery and Transition of Europe’s Coal Regions’....


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SEE CAO Announces NTC Curtailment On ME-IT Border For 17 JulyPhoto: Andreja Krašna

SEE CAO Announces NTC Curtailment On ME-IT Border For 17 July

July 10, 2020 | Peter Palčec
Electricity

Based on instructions from the Italian and Montenegrin transmission system operators, TERNA and CGES, the South East European Coordinated Auction Office (SEE CAO) has announced that the net transfer capacities (NTC) on the Montenegrin-Italian border will be curtailed for 17 July 2020 in order to ensure operation remains within operational security limits, states a press release from the SEE CAO....


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Fitch Ratings Affirms Romanian Transgaz’s BBB- RatingPhoto: www.pixabay.com

Fitch Ratings Affirms Romanian Transgaz’s BBB- Rating

July 10, 2020 | Peter Palčec
Natural gas | Economy

The international rating agency Fitch Ratings affirmed the rating of the Romanian gas TSO, Transgaz, as 'BBB-' stable outlook, stated Transgaz in a press release on 8 July 2020....


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Slovenia’s HSE: 2019 Marked by Poor Hydrology and Unplanned Shutdowns of Unit 6Photo: Andreja Šalamun

Slovenia’s HSE: 2019 Marked by Poor Hydrology and Unplanned Shutdowns of Unit 6

July 9, 2020 | Valerija Hozjan
Electricity | RES and EE | Economy

Among its accomplishments in 2019, the Slovenian energy group Holding Slovenske elektrarne (HSE) noted the completed consolidation of the company’s financial position and a successfully refinanced loan which reduced the group’s indebtedness, leading the rating agency Moody’s to upgrade its credit rating from Ba2 to Ba1. By improving risk management, the group also managed to achieve a record...


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Two Dozen LNG Projects Recently Cancelled Or Facing Financial DifficultiesPhoto: LNG Hrvatska

Two Dozen LNG Projects Recently Cancelled Or Facing Financial Difficulties

July 9, 2020 | Peter Palčec
Natural gas | Energy policy

“In the past year the amount of liquefied natural gas (LNG) terminal capacity under construction worldwide has more than doubled, with total capital expenditure rising from USD 82.8 billion (EUR 73.39 billion) to USD 196.1 billion (EUR 173.82 billion). However, the collapse in global oil and gas demand and pandemic-related worksite restrictions have forced many companies to declare force majeure...


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Macedonian TSO to Invest Over EUR 100m in Reconstruction of Transmission SystemPhoto: arhiv Energetika.NET

Macedonian TSO to Invest Over EUR 100m in Reconstruction of Transmission System

July 9, 2020 | Peter Palčec
Electricity | Energy policy

“The Macedonian electricity TSO, MEPSO, will invest over EUR 100 million in the construction and reconstruction of the electricity transmission system, which will ensure a stable and reliable supply of electricity,” said Macedonia’s Deputy Prime Minister for Economic Affairs and Economic Coordination, Mila Carovska, according to a press release from the Macedonian government. Carovska,...


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Bulgarian EWRC Starts Public Debate on Bulgartransgaz’s TYNDPPhoto: Roman Peklaj

Bulgarian EWRC Starts Public Debate on Bulgartransgaz’s TYNDP

July 9, 2020 | Peter Palčec
Natural gas | Energy policy

The Bulgarian energy regulator, EWRC, held a public discussion on the ten-year gas network development plan (TYNDP) for the period 2020-2029 of the Bulgarian gas TSO, Bulgartransgaz. Interested parties have two weeks to submit their written comments about the ten-year plan. The final decision on approval of the plan will be made on 30 July 2020, states a press release from EWRC....


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