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Greece: EIB Support for Improved Electricity Network

Greece: EIB Support for Improved Electricity Network

Δευ, 17 Μαρτίου 2014 - 15:30

The European Investment Bank (EIB) supports the improvement of the electricity network in Greece with a EUR 235 million loan to the Greek Public Power Corporation S.A. (PPC). The multi-investment programme covering the period 2013-15 aims at renovating and reinforcing the electricity distribution network, as well as extending it to enable some 186 000 new connections throughout peninsular and insular Greece.

Turkey’s Electricity Consumption Soars

Turkey’s Electricity Consumption Soars

Δευ, 17 Μαρτίου 2014 - 12:36

Turkey´s electricity consumption increased by 78 percent reaching 235 billion kilowatt hour (kWs) in the last year from 140 billion kWh in 2003.

Five Embassies Signal Interest in Small PPC Bill

Five Embassies Signal Interest in Small PPC Bill

Δευ, 17 Μαρτίου 2014 - 12:34

Five embassies in Athens have already asked for the translation of a draft law on the break-up of Public Power Corporation, indicating an interest on behalf of investors in the so-called “Small PPC,” which is meant to rival Greece’s electricity giant once it is split into two.

Frances Alstom Gets Regulatory Nod to Buy 30% of Turkish Geothermal Firm

France's Alstom Gets Regulatory Nod to Buy 30% of Turkish Geothermal Firm

Παρ, 14 Μαρτίου 2014 - 13:50

The Turkish competition watchdog said on Thursday it has cleared French heavy engineering group Alstom to acquire a 30% stake in Turkish geothermal energy company Deltom Jeotermal Analiz Enerji Uretim Ins. San. ve Tic. AS from local firm Delta Yatirim Holding.

Zarubej Neft will Invest 30 million euros in Bosnia Herzegovinas Oil Refinery

Zarubej Neft will Invest 30 million euros in Bosnia Herzegovina's Oil Refinery

Παρ, 14 Μαρτίου 2014 - 13:03

Russia's Zarubej Neft will invest new 30 million euros to improve working conditions at Bosnia Herzegovina's Republic of Srpska Brod oil refinery, was said at meeting between the President of RS Milorad Dodik and the Director of Zarubej Neft Sergey Kudryashov reports FIPA.

Greece Brings New Retroactive Measures; Cuts FIT By 30%

Greece Brings New Retroactive Measures; Cuts FIT By 30%

Πεμ, 13 Μαρτίου 2014 - 15:45

A new set of retroactive measures, a so-called "new deal" that applies to all renewable energy systems (RES), was announced on Friday by the Greek Ministry of Environment, Energy and Climate Change (YPEKA). Of all RES plants, solar PV installations face the biggest plunge. The new measures ask solar photovoltaic energy producers to contribute 35% of their 2013 income to the Greek electricity market operator LAGIE

New Bill for Renewable Energy in Greece

New Bill for Renewable Energy in Greece

Τετ, 12 Μαρτίου 2014 - 10:58

The Greek government presented this week a new bill that brings significant changes to the renewable energy market, especially photovoltaics.

EU Limits Utilization of Nord Stream Pipeline for Gazprom

EU Limits Utilization of Nord Stream Pipeline for Gazprom

Τετ, 12 Μαρτίου 2014 - 09:54

According to Vedomosti, the European Commission (EC) decided not to exclude Nord Stream's pipeline, Opal, from the Third Energy Package at its meeting on 10 March. This will prevent utilisation of the pipeline capacity at 100% capacity. Nord Stream is 51% controlled by Gazprom, while Wintershall Holding and E.On Ruhrgas own 15.5%. Gasunie and GdF Suez own 9% each in the consortium.

The «3rd Cyprus Energy Symposium», by IENE and FMW, to Focus on the Role of Cyprus in the New European Energy Strategy

The «3rd Cyprus Energy Symposium», by IENE and FMW, to Focus on the Role of Cyprus in the New European Energy Strategy

Τρι, 11 Μαρτίου 2014 - 20:37

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, is taking place on March 27 -28, 2014, in Nicosia at the Cyprus Hilton Park. For the 3rd consecutive year, this regional event will gather several energy organisations and companies active in the broader area under the auspices of the Cyprus Chamber of Commerce and Industry (CCCI)

EU: Renewables at 14.1% of Gross Final Energy Consumption

EU: Renewables at 14.1% of Gross Final Energy Consumption

Τρι, 11 Μαρτίου 2014 - 10:07

A new Eurostat report states that in 2012, energy from renewable sources was estimated to have contributed 14.1% of gross final energy consumption in the EU28, compared with 8.3% in 2004, the first year for which this data is available.

Minister Says Croatia Important for Regional Energy Stability

Minister Says Croatia Important for Regional Energy Stability

Τρι, 11 Μαρτίου 2014 - 10:06

Economy Minister Ivan Vrdoljak said after talks with US officials for energy and Southeast Europe in Zagreb on Monday that Croatia's energy projects had an important role in securing a reliable and diversified supply of energy products to the region and the entire Europe.