US private equity firm Carlyle is examining the possibility of acquiring segments of Lukoil’s international portfolio, as Washington intensifies sanctions on the Russian oil company in an effort to pressure Moscow toward negotiations over Ukraine. Lukoil represents about 2 percent of global oil production through its operations in Russia and abroad. The company has announced […]
Slovenia: Government reports progress on 28 MW Mokrice hydropower plant Read More »
The National Assembly expects the Government to accelerate development of the Mokrice hydropower plant and to submit progress reports every three months. The Government has now issued its formal response to the request made in May by the parliamentary Committee on Infrastructure, Environment and Spatial Planning, which called for faster implementation of the project and
Serbia: Novi Sad launches €110 million solar-thermal upgrade of district heating system Read More »
A major modernization of Novi Sad’s district heating system will include the construction of a large solar-thermal plant, a seasonal heat-storage facility and an absorption heat pump. According to a prior information notice published by the European Bank for Reconstruction and Development (EBRD), the project represents an important step toward decarbonizing the city’s heating network.
Serbia: Gazprom races to sell 11.3% stake in NIS as talks with MOL intensify Read More »
Negotiations on the sale of part of Serbian oil company NIS have entered an accelerated phase, with Russian Gazprom seeking to secure a buyer for its 11.3 percent stake. Moscow’s primary expectation is that Hungarian energy company MOL, backed by Prime Minister Viktor Orbán, will acquire the share package. A clearer direction is expected in
Romania expands renewables with Eximprod’s new 38.4 MW Cudalbi 2 wind project Read More »
Eximprod has commissioned the Cudalbi 2 wind farm, a 38.4 MW facility that ranks among the most advanced renewable energy projects in southeastern Romania. The installation can produce more than 106,000 MWh of clean electricity annually, enough to supply over 40,000 households. Gheorghe Manole, co-founder of Eximprod Group, said the project demonstrates the ability of
Montenegro rules out electricity price hike as energy investments accelerate Read More »
Energy and Mining Minister Admir Sahmanović stated that the Government does not plan to increase electricity prices, although future decisions will depend on several influencing factors. Speaking in Parliament, he stressed that ensuring both the sustainability of the energy system and affordable prices for citizens remains a key priority. Sahmanović acknowledged that Montenegro continues to
Greece revisits wholesale power surge despite no evidence of manipulation Read More »
This renewed scrutiny comes despite an earlier investigation by RAAEY, which did not find evidence of market manipulation or improper bidding. However, in light of ACER’s findings, the regulator will review market activity from June to September 2024, with a particular focus on days of extreme volatility. One of the key dates under examination is
Bulgaria moves ahead with special administrator for Lukoil despite Presidential warning Read More »
Bulgaria’s National Assembly has taken steps that move in different directions regarding the expanded powers granted to a Government-appointed administrator for the country’s only oil refinery, Lukoil Neftochim Burgas. President Rumen Radev vetoed the amendments, arguing that the changes undermine the rule of law, contradict key European legal standards, and expose public finances to unnecessary
Bosnia and Herzegovina’s foreign minister Elmedin Konakovic said that Croatian company Kermas Energija is likely to win its arbitration case against Bosnia and Herzegovina, specifically against the Republic of Srpska (RS), whose Government unilaterally terminated the company’s concession for a wind farm project in eastern Herzegovina. Konakovic confirmed that the Council of Ministers reviewed information
Banks, loans and engineering bankability, OE and financial confidence Read More »
In every capital project—whether a substation, transmission corridor, or renewable-energy facility—engineering design is not simply a technical exercise. It is the foundation of financial confidence. Investors and lenders price risk, and risk originates in engineering uncertainty. The more complete, constructible, and verifiable a design is, the more predictable the project’s cost, schedule, and performance become.
