Romanian electricity producer Hidroelectrica has signed a contract for the comprehensive modernization of its Stejaru hydropower plant in Neamț County, representing one of the company’s largest investment projects to date. The agreement, valued at 97.5 million euros excluding VAT, has been awarded to Hidroserv, a subsidiary of Hidroelectrica. The project will be fully financed from […]
Romania: Elawan Energy secures 15-year CfD contracts for 92 MW of wind projects Read More »
Spanish independent power producer Elawan Energy has signed 15-year contracts for difference (CfD) with the Romanian Government for two wind projects totaling 92 MW in capacity. The agreements were secured through Romania’s latest renewable energy auction. Both wind farms have reached the ready-to-build stage, with commissioning scheduled for 2028. The CfD mechanism guarantees stable revenues,
Unit 6 of Bulgaria’s only nuclear power plant, Kozloduy, continues to experience issues with one of its steam generators, according to Nuclear Regulatory Agency Chair Tsanko Bachiyski. The problem affects just one of the eight generators in operation, but repeated cracks have been detected in a particular section. To resolve the issue, NPP Kozloduy has
A subsidiary of the power utility ERS, “Hidroelektrane na Drini”, which operates the Višegrad hydropower plant, announced that the facility produced 28.88 GWh of electricity in September 2025. This represents an increase of 16.5 percent compared to the previous month, when generation totaled 24.79 GWh. In September of the previous year, the plant produced 25.1
Serbia: Russia offers short-term gas deal amid leverage over NIS ownership Read More »
Russia has offered Serbia a short-term gas supply agreement that would last only until the end of 2025, far shorter than the Serbian Government had expected. President Aleksandar Vučić noted that Serbia had anticipated a deal extending at least until May 2026, making the offer a significant setback. Vučić explained that the limited duration was
Serbian oil company NIS has announced that it will distribute dividends for the 2024 financial year on 22 October, with shareholders receiving a gross payment of 0.24 euros per share. The company noted that dividends for shareholders included on the US Treasury Department’s Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) list will
Professor Dragan Djuricin from the Faculty of Economics in Belgrade criticized the 2008 privatization of Serbia’s oil company NIS, calling it a significant undervaluation of one of the country’s most strategic assets. Djuricin noted that Deloitte, hired by the Serbian government to assess NIS’s value, estimated the company at €2.2 billion for full ownership, excluding
In September 2025, the average household electricity bill in Montenegro was €28.51, representing a 27.7% decrease from August (€39.45) and a 2.8% decrease compared to September 2024 (€29.32). The lowest average monthly bill was recorded in Pljevlja (€19.40), while the highest was in Ulcinj (€36.60). About 69.97% of households will pay less than €30 for
Greece achieves record electricity exports in first half of 2025 Read More »
Greece recorded a historic electricity export performance in the first half of 2025, with export volumes reaching 571 GWh from January to June, according to transmission system operator ADMIE. This represents a sharp rise compared to just 22 GWh exported throughout 2024. The increase highlights Greece’s transition toward becoming a consistent net electricity exporter. ADMIE
State-owned Bulgarian Energy Holding (BEH) has expressed concerns about the Black Sea submarine cable project, warning that Bulgaria may withdraw unless the planned underwater electricity line includes a direct connection to the country’s transmission network. The initiative, promoted by the Green Energy Corridor Power consortium—comprising transmission operators from Romania, Georgia, Azerbaijan, and Hungary—plans a subsea
