Turkey’s agreement with Azerbaijan, Georgia and Bulgaria on the transmission of renewable electricity could set back the project for an interconnector under the Black Sea between Georgia and Romania. In addition, President Recep Tayyip Erdoğan’s government fiercely opposes the Great Sea Interconnector project, part of the proposed Greece-Cyprus-Israel submarine link. Turkey is also pushing against […]
Public Power Corp. (PPC) presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece. It held the ceremony in the retired Kardia 2 lignite-fired power plant. According to PPC’s chairman and CEO George Stassis, the endeavor consists of the decommissioning of old assets and the rollout of new […]
On the day when it was supposed to get the Alexandroupolis LNG Terminal in Greece back online, its operator Gastrade extended the outage by another month. The company never revealed the details of the malfunction. Just as gas storage in the European Union slipped below 40% of capacity, the operator of the Alexandroupolis LNG Terminal […]
The Ministry of Energy, Electricity System Operator (ESO) and the Bulgarian Development Bank (BDB) are launching a solar power program for municipalities, schools, kindergartens, hospitals and small businesses. There are no upfront costs and the installations become the beneficiary’s ownership within eight years. Minister Zhecho Stankov said the goal is to create the largest energy […]
TIRANA: Oil and gas exploration has dominated Albania’s foreign investments, the Bank of Albania said on Saturday. In early 2014, the extracting industry accounted for about 58 percent of Albania’s total foreign investments with an amount of 504 million euros ($564.88 million). However, it dropped 14 percent compared to 2013, yet still remained dominant in the […]