ECONOMY

Slovenian Plinovodi Expects 4-5% Year-on-Year Increase in Gas Transit

Date: 18.09.2019 Author: Tanja Srnovršnik
Slovenian Plinovodi Expects 4-5% Year-on-Year Increase in Gas TransitPhoto: Plinovodi

After a very challenging period last year, when the decline in natural gas transit towards Croatia left Slovenia’s gas TSO Plinovodi with a cut in revenue of more than 25%, the situation has

EIB Grants EUR 53m Loan to Two Slovenian Power Distributors

Date: 17.09.2019 Author: Tanja Srnovršnik
EIB Grants EUR 53m Loan to Two Slovenian Power DistributorsPhoto: Energetika.NET archive

The European Investment Bank (EIB) has granted a EUR 53 million loan to two Slovenian power distribution companies - Elektro Maribor and Elektro Primorska, said the European Commission on Monday.

Reabold Resources Increases Its Stake in Danube Petroleum

Date: 17.09.2019 Author: Tanja Srnovršnik
Reabold Resources Increases Its Stake in Danube PetroleumPhoto: Tanja S. Volarič

Reabold Resources, an investment company which focuses on investments in pre-cash flow upstream oil and gas projects, has announced that, following the highly encouraging results of the Iecea Mica-1

Slovenian Resalta Raises Additional EUR 4m of Equity Capital

Date: 16.09.2019 Author: Tanja Srnovršnik
Slovenian Resalta Raises Additional EUR 4m of Equity CapitalPhoto: Roman Peklaj

The Slovenian provider of energy efficiency solutions Resalta has raised an additional EUR 4 million from its shareholders. According to Resalta, the additional equity is “intended to support

Ingka Group to Buy 80% Stake in Seven Wind Parks in Romania

Date: 16.09.2019 Author: Peter Palčec
Ingka Group to Buy 80% Stake in Seven Wind Parks in RomaniaPhoto: Alenka Lena Klopčič

The Ingka Group, which owns the IKEA chain stores, announced on Friday that it will buy an 80% stake in the company Vestas which has seven wind parks in Romania. The value of the deal amounts to EUR

The EU to Continue to Lead the Global Fight Against Climate Change

Date: 12.09.2019 Author: Peter Palčec
The EU to Continue to Lead the Global Fight Against Climate ChangePhoto: www.pixabay.com

The European Commission has adopted a Communication reaffirming the EU's commitment to accelerated climate ambition. Preparing for the Climate Action Summit by the United Nations Secretary General in

ČEZ Launches Market Test to Divest Its Romanian Assets

Date: 10.09.2019 Author: Tanja Srnovršnik
ČEZ Launches Market Test to Divest Its Romanian AssetsPhoto: Energetika.NET archive

The Czech energy utility ČEZ officially launched a divestment process in Romania on Monday, calling for potential bidders to state their interest in a tender by 25 September.

Moody's Upgrades Slovenian HSE's Rating to Ba1; Changes Outlook to Stable

Date: 10.09.2019 Author: Tanja Srnovršnik
Moody's Upgrades Slovenian HSE's Rating to Ba1; Changes Outlook to StablePhoto: Ana V. Vršnak

The ratings agency Moody's has upgraded the long-term corporate family rating (CFR) of the Slovenian power utility Holding Slovenske elektrarne (HSE) to Ba1 from Ba2 and the probability of default

Oil and Gas Companies Risk USD 2.2tn in Stranded Assets in Low-carbon World

Date: 10.09.2019 Author: Tanja Srnovršnik
Oil and Gas Companies Risk USD 2.2tn in Stranded Assets in Low-carbon WorldPhoto: Energetika.NET

Oil and gas companies have approved USD 50 billion of investments since 2018 in major projects that undermine the Paris agreement, according to a new report by think tank Carbon Tracker, which warns

Gürkan Kumbaroğlu, IAEE: Alternative Energy Sources Can Make Some Fears Vanish

Date: 09.09.2019 Author: Alenka Lena Klopčič
Gürkan Kumbaroğlu, IAEE: Alternative Energy Sources Can Make Some Fears VanishPhoto: Alenka Lena Klopčič

The IAEE was initially named the International Association of Energy Economists, however, it was quickly realised that the members included many engineers, physicists, geologists and others that were

Traded Volumes on CEGH VTP Up 19.8% in August 2019

Date: 06.09.2019 Author: Peter Palčec
Traded Volumes on CEGH VTP Up 19.8% in August 2019Photo: Energetika.NET

The nominated gas volumes at the CEGH Virtual Trading Point (VTP) reached 60.12 TWh in August 2019, which is an increase of 19.8% compared to August 2018 and a 2.02% increase compared to July 2019,

Hidroelectrica Looking For Advisor To Buy ČEZ’s and Enel’s Assets in Romania

Date: 04.09.2019 Author: Peter Palčec
Hidroelectrica Looking For Advisor To Buy ČEZ’s and Enel’s Assets in RomaniaPhoto: Andreja Krašna

Hidroelectrica, the Romanian state-owned power generation company, has officially announced that it wants to buy the Romanian assets put up for sale by the Italian and Czech power utilities Enel and


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