Croatian state-owned oil transportation company JANAF continued its steady growth in the first half of 2025, as reflected in its financial performance. The company generated total revenues of 69 million euros, with income from core activities rising by nearly 4 % year-on-year to 64.9 million euros. Gross profit for the first six months amounted to […]
According to the Bulgarian National Statistical Institute, electricity production in May 2025 fell by 21.6% compared to April, totaling 2,585 GWh. Electricity consumption also declined on a monthly basis, dropping by 10.3% to 2,408 GWh. Natural gas consumption in May decreased by 17.8%, amounting to 180 million cubic meters, while domestic gas production remained unchanged
Serbia: Djerdap 1 hydropower plant operating at reduced capacity due to low water levels Read More »
The Djerdap 1 hydropower plant is currently operating under limited water supply, which has significantly reduced its electricity production. This month, generation has averaged about 57% of both its installed capacity and the planned production target. Additionally, unit 6 of the plant is undergoing a major overhaul. Ongoing drought conditions and unusually low water levels
Serbia: NIS Group maintains market stability despite loss in H1 2025 Read More »
In the face of a challenging macroeconomic environment during the first half of 2025, the NIS Group remained committed to maintaining market stability, ensuring a steady supply of all fuel types, and protecting the social welfare of its employees. These strategic priorities were successfully upheld despite a complex operating environment. The company’s financial and operational
Croatia: INA and Energean to invest €71 million in Irena gas field development Read More »
Croatian oil company INA and Energean have agreed to invest in the development of the Irena gas field, located in the northern Adriatic within the Izabela exploration block. The total capital investment is set at €71 million, with Energean contributing €50 million and INA providing the remaining €21 million. Energean holds a 70% working interest
Croatia: INA Group reports strong H1 2025 results with 21% profit growth Read More »
Croatia’s INA Group posted a net profit of €54.3 million for the first half of 2025, reflecting a 21% increase compared to the same period last year. The growth was driven by higher natural gas prices, increased retail sales, expanded customer services, and stronger non-fuel margins. Revenues rose to €1.84 billion, marking a 5% year-on-year
Bulgaria: United Group launches second solar power plant Read More »
United Group has officially commissioned its second solar power plant in Bulgaria—an 8 MW facility located near the village of Barakovo in the Kocherinovo municipality. This development represents another milestone in the company’s ongoing expansion of clean energy infrastructure across southeastern Europe. The plant features 11,466 bifacial solar panels, each with a capacity of 700
Bulgaria cuts wholesale gas price by 3.8% for August 2025 Read More »
The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 3.8% reduction in the wholesale price of natural gas for August 2025. The new price stands at approximately 31.7 euros per megawatt-hour, excluding VAT and excise duties. This follows a 0.6% price increase that was approved for July. The pricing decision takes into
Local company Sun Electricity has submitted a request to the Government of the Republic of Srpska for a concession to develop a solar power plant near Nevesinje, in the Herzegovina region. The proposed project, named Zlatac 1, is estimated at €117.5 million. The plant would have an installed capacity of 110 megawatts and is expected
Europe: ERS rules out electricity price hike in Republic of Srpska Read More »
Luka Petrovic, General Director of the state-owned power utility ERS, announced that there are no plans to increase electricity prices in the Republic of Srpska. He emphasized that the electricity system is expected to remain stable in the coming period, eliminating the need for any price adjustments. Petrovic highlighted that ERS has implemented several measures
