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Alstom Wins Contracts Worth 220 Mln Euro for Power Project in Turkey

Τετ, 14 Ιανουαρίου 2015 - 17:32

French heavy engineering group Alstom said on Tuesday it has received two contracts worth a total of about 220 million euro ($260 million) for the supply and the maintenance of the power island of the 950 MW Kirikkale combined-cycle power plant located in Turkey’s central Anatolia region.

Montenegro's EPCG Says Dec Household Power Consumption Falls 5.0% Y/Y

Τετ, 14 Ιανουαρίου 2015 - 17:28

Montenegrin power utility Elektroprivreda Crne Gore (EPCG) said consumption of electricity by households in the country fell by an annual 5.0% to slightly over 116 million KWh in December.

Bulgaria Embraces Energy Union After South Stream Scrapping

Τετ, 14 Ιανουαρίου 2015 - 17:23

Hard on the heels of the scrapping of the Russian-backed South Stream gas pipeline to Europe, Bulgarian Prime Minister Boyko Borissov told European Commission Vice President in charge of the Energy Union Maros Sefcovic in Brussels on January 12 that his country is committed to building an Energy Union, one of the political priorities of the Juncker Commission.

Building Regional Gas Hub Remains Priority for Bulgaria

Τρι, 13 Ιανουαρίου 2015 - 18:29

Turning the country into a gas distribution centre for EU member states in the region continues to be a priority for Bulgaria, the European Commission (EC) said on Monday, quoting prime minister Boyko Borisov.

Fitch Affirms Turkey's Tupras at BBB - Stable Outlook

Τρι, 13 Ιανουαρίου 2015 - 18:25

Fitch Ratings said on Monday it has affirmed the long-term local and foreign currency issuer default ratings (IDRs) of Turkish oil refiner Turkiye Petrol Rafinerileri or Tupras, at BBB- as well as its national long-term rating at 'AA+(tur)

Croatia's HEP Upgrades Investments to Raise HPP Capacity By Up to 124 MW

Τρι, 13 Ιανουαρίου 2015 - 18:19

Croatian state-owned power utility HEP said on Monday it should increase its hydro power capacity by an additional 111-124 MW thanks to a 3.6 billion kuna ($554 million/468.9 million euro) investment push.

OPEC Sticks to Its Guns as Oil Prices Fall

Τρι, 13 Ιανουαρίου 2015 - 18:13

Prospects appeared dim again for crude oil prices on January 13. Brent and US WTIcrudeoilprices fell to their lowest levels in almost six years as the United Arab Emirates, a big producer of the Organization of the Petroleum Exporting Countries (OPEC) stood by the cartel’s decision not to reduce production to stop crude oil prices from plunging further.

Study Finds Feasible Extending Lifespan of Slovenia's Krsko NPP Until 2043

Δευ, 12 Ιανουαρίου 2015 - 18:21

The supervisory board of the Krsko nuclear power plant (NPP), jointly owned by Slovenia and its neighbour Croatia, has endorsed a study that found it would be feasible to extend its lifespan until 2043, Croatian state-owned power utility HEP said.

Total M&A Deals' Value in Turkey's Energy Sector Down 21% in 2014

Δευ, 12 Ιανουαρίου 2015 - 18:18

As many as 40 mergers and acquisitions (M&A) valued at $5.6 billion (4.7 billion euro) were realised in the Turkish energy sector in 2014, remaining flat year-on-year in terms of deal numbers but down 21% in terms of value, the Turkish arm of global consultancy firm PricewaterhouseCoopers (PwC) said.

Bulgarian TPP Maritsa East 2 Gets Licence for Upgraded Unit 7

Δευ, 12 Ιανουαρίου 2015 - 18:13

Bulgarian coal-fired thermal power plant (TPP) Maritsa East 2 said on Friday it has received a licence to operate its Unit 7 following an overhaul.

Latvia’s EU Presidency Says South Stream Loss Could Drive Energy Union

Δευ, 12 Ιανουαρίου 2015 - 17:33

The scrapping of the Russian-planned South Stream gas pipeline can be on the positive side a stimulus for more active work on the Energy Union, Ambassador of Latvia to Greece Ivars Pundurs told New Europe in Athens on January 9.

The End of Cyprus Airways

Δευ, 12 Ιανουαρίου 2015 - 17:25

Cyprus Airways the national air carrier of Cyprus closed down due tothe decision of the European Commission to ask theCypriot governmentto recover incompatible aid from the transport company.

Terror in France: The Hunt for Charlie Hebdo Killers Continues

Παρ, 9 Ιανουαρίου 2015 - 16:13

The two suspects in the storming of a satirical French newspaper that left 12 people dead have stolen a car and are on the move again as shots were fired in a small French town, a security official said Friday. Apparently, they might be trying to take hostages.