North Macedonia’s power utility Elektrani na Severna Makedonija has secured EUR 97 million for the installation of the Bitola 3 solar power plant and revitalization of hydropower plants. Elektrani na Severna Makedonija (ESM) said today it signed the contracts for a state guarantee and loans totaling EUR 97 million for two major energy projects. This […]
The annual construction plan for energy projects for 2025 envisages the installation of power plants with a capacity of 1,265 MW, according to Minister of Energy, Mining and Mineral Resources Sanja Božinovska. North Macedonia has introduced an annual construction plan for the energy projects with the new Law on Energy, adopted this year. The goal […]
After numerous failed attempts for half a century, Romania intends to revive the Tarnița-Lăpuștești pumped storage hydropower project in tandem with France’s EDF. State-owned Hidroelectrica published a proposal to its shareholder assembly to establish a 50%-50% joint venture for the 1 GW endeavor. The utility also intends to buy the Frasin-Pângărați pumped storage facility when […]
Representatives of the Government of Montenegro and Masdar discussed potential joint projects in the energy sector. The focus of the meeting was on solar energy, energy storage, and hydropower. Minister of Energy and Mining of Montenegro Admir Šahmanović and the Minister of Public Works Majda Adžović met today at Villa Gorica in Montenegro’s capital Podgorica […]
Public Power Corporation has received funds to speed up its Mesochora hydropower project, stalled for 24 years. The Greek Ministry of Environment and Energy announced that the procedures to complete the Mesochora hydropower plant (HPP) in Trikala would be significantly accelerated, ending a 24-year period of judicial deadlock and construction suspension. Of note, the project […]
Romanian state-owned hydropower operator and electricity supplier Hidroelectrica is expecting record-low output this year amid a severe drought. However, it entered the winter season with much higher water reserves than in 2024. The company projected its annual profit at EUR 590 million. Chronic drought and heat in Southeastern Europe may require countries in the region […]
A new agreement between the UAE and Montenegro will facilitate connecting the energy sector with financial technologies and artificial intelligence. The two countries are also considering to deploy solar, wind, hydropower, green hydrogen and battery projects. The United Arab Emirates and Montenegro agreed to cooperate in the energy sector, setting up a bilateral strategic partnership […]
Serbia’s power utility Elektroprivreda Srbije (EPS) signed a contract for the modernization of its Vlasina hydropower plants with Energotehnika – Južna Bačka. The contract for the reconstruction and modernization of the Vlasina (Vlasinske) hydropower plants (HPPs), with a capacity of 129 MW, was signed by Dušan Živković (sitting first from right), Chief Executive Officer of […]
Power utility Elektrani na Severna Makedonija estimated that it requires EUR 3 billion by 2040 to replace electricity from its lignite-fired power plants. According to member of the Board of Directors Ivan Stojanovski, the state-owned company is preparing investments in gas power plants, solar, wind, hydropower and energy storage. He highlighted its plans for a […]
PPC Group has launched the construction of a battery energy storage system in the area of its Amyntaio coal plant. The company is also building BESS facilities at its thermal power plants Kardia and Meliti, as it is preparing to end coal use in Greece. One BESS unit is under construction in Bulgaria, as well. […]