TRADING
Photo: Andreja KrašnaBiH’s ERS Generates EUR 16.87 Net Profit in 2019
July 10, 2020 | Peter PalčecElectricity
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....
Read more
Photo: Roman PeklajBulgarian IBEX Announces New Trading Volume Record
July 10, 2020 | Peter PalčecElectricity
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....
Read more
Photo: www.cez.czConstruction of Bistrica HPPs Could Be Delayed If BiH’s ERS Fails to Pay EUR 10m
July 10, 2020 | Peter PalčecElectricity | 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...
Read more
Photo: PixabayBulgaria and Romania Could Become Important Drivers of Europe’s Green Recovery
July 10, 2020 | Peter PalčecElectricity | 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’....
Read more
Photo: Andreja KrašnaSEE CAO Announces NTC Curtailment On ME-IT Border For 17 July
July 10, 2020 | Peter PalčecElectricity
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....
Read more
Photo: www.pixabay.comFitch Ratings Affirms Romanian Transgaz’s BBB- Rating
July 10, 2020 | Peter PalčecNatural 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....
Read more
Photo: Andreja ŠalamunSlovenia’s HSE: 2019 Marked by Poor Hydrology and Unplanned Shutdowns of Unit 6
July 9, 2020 | Valerija HozjanElectricity | 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...
Read more
Photo: LNG HrvatskaTwo Dozen LNG Projects Recently Cancelled Or Facing Financial Difficulties
July 9, 2020 | Peter PalčecNatural 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...
Read more
Photo: arhiv Energetika.NETMacedonian TSO to Invest Over EUR 100m in Reconstruction of Transmission System
July 9, 2020 | Peter PalčecElectricity | 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,...
Read more
Photo: Roman PeklajBulgarian EWRC Starts Public Debate on Bulgartransgaz’s TYNDP
July 9, 2020 | Peter PalčecNatural 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....
Read more
