English Edition

Romania Aims to Raise up to $1.0 bln in Electrica IPO

Παρ, 11 Απριλίου 2014 - 13:18

Romanian plans to raise between $800 million and $1.0 billion (576.3-720.4 million euro) in the initial public offering (IPO) of state-owned power supplier and distributor Electrica, a government draft decision showed.

GWEC Expects Wind Farm Installations of at Least 47 GW in 2014

Παρ, 11 Απριλίου 2014 - 12:48

The Global Wind Energy Council launched its Global Wind Report – Annual Market Update, updating the status of the global industry, along with market projections for the years 2014-2018.

Cypriot Govt. to Facilitate ENI Begin Hydrocarbons Exploration this Summer

Παρ, 11 Απριλίου 2014 - 12:09

Cyprus Minister of Energy, Commerce, Industry and Tourism Giorgos Lakkotrypis said that the Ministry is making every effort to ensure that ENI will be facilitated in order to start hydrocarbons exploration in the Summer, instead of November.

South Stream Pipeline More Urgent Amid Ukraine Crisis – Russian Ambassador to EU

Πεμ, 10 Απριλίου 2014 - 13:19

The South Stream gas pipeline project, currently under development, has become more urgent amid Ukrainian warnings that Russian gas flows to Europe could be halted, Russian Ambassador to the EU Vladimir Chizhov told RIA Novosti on Wednesday.

State Aid: Commission Adopts New Rules on Public Support for Environmental Protection and Energy

Πεμ, 10 Απριλίου 2014 - 12:37

The European Commission has adopted new rules on public support for projects in the field of environmental protection and energy. The guidelines will support Member States in reaching their 2020 climate targets, while addressing the market distortions that may result from subsidies granted to renewable energy sources.

South Stream Transport Says No Re-routing Offshore Pipeline Planned

Πεμ, 10 Απριλίου 2014 - 12:28

Dutch-based South Stream Transport BV, a joint venture established for the planning, construction and operation of the offshore section of the South Stream gas pipeline through the Black Sea, said on Wednesday there are no plans to change the routе of the offshore pipeline.

E.ON Plans 91 mln euro Investments in Romania in 2014

Τετ, 9 Απριλίου 2014 - 15:15

German utility E.ON plans to invest 406 million lei ($125.6 million/91 million euro) in Romania this year mainly in upgrading its gas and electricity distribution networks, its Romanian arm said on Tuesday.

Trans Adriatic Pipeline Gets Compound Development Permit in Albania

Τετ, 9 Απριλίου 2014 - 15:14

The Compound Development Permit – Phase 1 for the Trans Adriatic Project (TAP) is approved by the Albanian National Territorial Council (KKT), chaired by Prime Minister, Edi Rama.

Bulgaria To Connect 30% Of Households To Gas Grid By 2030

Τετ, 9 Απριλίου 2014 - 12:45

Bulgaria is drafting an energy strategy under which it will connect 30% of households to the gas supply network by 2030, the energy ministry said on Tuesday.

Escalera Signs MOU with AOR Albanian Oil Refinery

Τετ, 9 Απριλίου 2014 - 12:44

Escalera International Co. LLC, a subsidiary of Escalera Resources Co. has signed a Memorandum of Understanding ("MOU") to enter into an Energy Joint Venture headquartered in Tirana, Albania.

Germany's PNE Wind, Steag to Set up JV for Wind Power Projects in Turkey

Τρι, 8 Απριλίου 2014 - 14:42

German wind farm developer PNE Wind said on Monday it will set up a joint venture together with German green power company Steag New Energies to develop wind power projects in Turkey.

Bulgaria's Energy Companies Request Double Digit Hike

Τρι, 8 Απριλίου 2014 - 13:08

Up to 28 % higher electricity prices from 1 July were requested by Bulgaria's energy development companies. This became clear from the words of DKEVR President Boyan Boev, Standart daily reports.

BEH Unit Gets Licence to Run Bulgaria's Power Exchange

Δευ, 7 Απριλίου 2014 - 13:33

The Bulgarian energy regulator said it has licensed the Independent Bulgarian Energy Exchange, a wholly-owned subsidiary of the state-owned Bulgarian Energy Holding (BEH), to run the country's electricity trading market.

Power Distributors in Bulgaria Seek Hike in Tariff from July 1

Παρ, 4 Απριλίου 2014 - 12:53

The three power distributors operating in Bulgaria have requested from the country's energy regulator to approve an increase in electricity prices as of July 1, local media reported.

Romania: 70 MW Wind Project Secures Financing

Παρ, 4 Απριλίου 2014 - 11:56

Lukerg Renew, the joint venture comprising Italy’s Erg Renew and Russia Lukoil Energo, announced it reached a financing agreement with two banks for building the Gebeleisis wind farm with an installed capacity of 70MW in eastern Romania.

Croatia Launches Offshore Oil, Gas Tender

Πεμ, 3 Απριλίου 2014 - 13:03

Croatia's economy ministry invited on Wednesday bids in a first licensing round for the exploration and production of hydrocarbons in the Adriatic Sea.