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Bulgaria, Turkey Sign MoU on Gas Link Construction

Τετ, 2 Απριλίου 2014 - 12:36

The energy ministers of Bulgaria and Turkey have signed a memorandum of understanding (MoU) for the construction of a gas interconnector between the two countries, Bulgarian media reported, quoting the country’s energy minister.

PPC Breakup Bill Submitted to Greek Parliament

Τρι, 1 Απριλίου 2014 - 15:41

The government’s so called “small PPC” bill was submitted last night to the Greek parliament. According to the plan, 30% of PPC’s units and mines will be transferred to the new company, along with a corresponding percentage of its customers.

EU Grills Bulgaria Over Planned Legal Changes Affecting South Stream Project

Τρι, 1 Απριλίου 2014 - 15:31

Bulgaria has received a letter from EU energy commissioner Guenther Oettinger whereby he raises some questions about planned amendments to the energy act that could affect the South Stream project, the country's energy ministry said.

Severe Retroactive Reduction of FITs for Greek Renewables

Τρι, 1 Απριλίου 2014 - 13:52

The Greek government has voted through a new law for renewables, which calls for retroactive tariffs reduction, especially for photovoltaics.

E.ON Announces Earlier Closure of Grafenrheinfeld Nuclear Power Plant

Τρι, 1 Απριλίου 2014 - 13:37

E.ON communicated its intention to shut down the Grafenrheinfeld nuclear power plan in May 2015. This would be 7 months before the closure will be due under the German nuclear power exit decision.

Alstom Units to Build 51 MW Wind Farm for Turkey's Petkim

Τρι, 1 Απριλίου 2014 - 13:13

Turkish petrochemicals major Petkim Petrokimya Holdings [BIST:PETKM] said it has contracted the Spanish and Turkish arms of French heavy engineering company Alstom to install a 51 megawatt (MW) wind farm for 55 million euro ($76 million).

Bulgaria in Talks to Join Project for Floating LNG Terminal

Δευ, 31 Μαρτίου 2014 - 13:01

Bulgaria has entered into talks to join a project of Greek state-owned company DEPA for the construction of a floating terminal for liquefied natural gas (LNG) near Kavala in northern Greece, Bulgarian media reported on Friday.

South East Europe: Greece the Gateway for the EU Gas Supply

Δευ, 31 Μαρτίου 2014 - 12:26

By virtue of its geographical location, the strategy ofGreecein the natural gas sector is to contribute to the development of a competitive, liquid market in South East Europe and to maintain the momentum on energy security as well as the need for further diversification of sources and routes.

3rd Energy Symposium: President Anastasiadis Stressed Cyprus Energy Priorities

Παρ, 28 Μαρτίου 2014 - 11:46

The President of the Republic of Cyprus was the Keynote speaker yesterday at the formal dinner of the "3rd Cyprus Energy Symposium”, organized by the Institute of Energy for SE Europe (IENE), in co-operation with the Cyprus-based media company FMW - Financial Media Way

Greek PPC Renewables Posts Higher 2013 Profit

Παρ, 28 Μαρτίου 2014 - 10:55

Greece-based PPC Renewables’ 2013 net profit improved to EUR 7.9 million (USD 11m) from EUR 7.6 million a year ago, the financial report of its parent Public Power Corp (ATH:PPC) showed today.

Hungary and Slovakia Link their Gas Grids

Παρ, 28 Μαρτίου 2014 - 10:40

Hungary and Slovakia linked their natural gas pipeline networks yesterday (27 March) as part of European Union efforts to strengthen supply security in a region of the bloc that relies heavily on imports from Russia.

Cyprus Secures Funding for Smart Meter Pilot Project

Παρ, 28 Μαρτίου 2014 - 10:38

Cyprus has secured funding from NER300 of a pilot project, amounting to €50 million for the installment of 3,000 smart meters on the island.

Turkey's Odas Enerji to Build 340 MW Coal-Fired Power Plant

Πεμ, 27 Μαρτίου 2014 - 13:50

Turkish power producer Odas Elektrik Uretim Sanayi Ticaret [BIST:ODAS], or Odas Enerji, said on Wednesday it has decied to build a 340 megawatt (MW) coal-fired thermal power plant in the northwestern Turkish province of Canakkale.

Clean Fuel Infrastructure Agreed

Πεμ, 27 Μαρτίου 2014 - 12:38

The clean fuel infrastructure rules agreement between the Council and the Parliament was endorsed by the member states' permanent representatives, on 26 March. The directive is building up minimum infrastructure for alternative fuels across the EU.

Bulgaria's Price of Natural Gas Will Be Decreased by 2.73% as of April 1

Πεμ, 27 Μαρτίου 2014 - 11:39

Bulgaria's price of natural gas will be decreased by 2.73% as of April 1. The decision was taken by the State Energy and Water Regulatory Commission (SEWRC) and is available on the institution’s website. The SEWRC desisted from the idea of decreasing the natural gas price by 4.57% and approved state-run operator Bulgargaz’s proposal reports Focus Fen.

EU: Making the Energy Market Work for Consumers

Πεμ, 27 Μαρτίου 2014 - 11:38

The completion of the internal electricity market – due in 2014 – is absolutely vital. Bottlenecks have to be eliminated by speeding up investments in transmission infrastructure, strengthening electricity interconnection and minimising incompatible national policies.