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Bulgaria: South Stream Gas Pipeline Must Be Built

Bulgaria: South Stream Gas Pipeline Must Be Built

Τρι, 11 Μαρτίου 2014 - 10:05

Bulgaria's Ministry of Economy and Energy has insisted that the South Stream gas pipeline must be built because the project is essential for the security of supply to the country.

Final Investment Talks Commence for Turkeys 5,000 MW Coal-fired Power Plant

Final Investment Talks Commence for Turkey's 5,000 MW Coal-fired Power Plant

Δευ, 10 Μαρτίου 2014 - 11:01

The Turkish government’s recent steps to bring the country’s vast coal reserves to the attention of foreign energy companies have resulted in robust demand from investors all over the world. Saudi Arabia and the Slovakian-Thai consortium are reportedly in the final stage of their talks for the 5,000 MW coal-fired power plant, which is projected to be built in the Karapinar district of the Central Anatolian province of Konya.

EREC Forced Into Liquidation

EREC Forced Into Liquidation

Παρ, 7 Μαρτίου 2014 - 15:07

An Extraordinary General Assembly of the European Renewable Energy Council (EREC) taking place in Brussels on 6th March decided the "voluntary” dissolution of the non-profit organisation after over a decade of existence

Bulgaria to Get up to 0.5 bcm of gas/yr Via Link with Romania

Bulgaria to Get up to 0.5 bcm of gas/yr Via Link with Romania

Παρ, 7 Μαρτίου 2014 - 09:58

Bulgaria will be able to get up to 0.5 billion cubic metres (bcm) of gas annually via the interconnector with Romania, using only a third of its planned capacity, Bulgaria's deputy economy minister said on Thursday.

Total To Start Drilling in Cyprus in Mid 2015

Total To Start Drilling in Cyprus in Mid 2015

Παρ, 7 Μαρτίου 2014 - 09:40

French company Total expects to start drilling in Cyprus’ Exclusive Economic Zone (EEZ) in mid 2015, Managing Director of Total E & P Cyprus Jean-Luc Porcheron has said.

Qatar Petroleum Purchases 25% in Greeces Heron II

Qatar Petroleum Purchases 25% in Greece's Heron II

Πεμ, 6 Μαρτίου 2014 - 09:24

Qatar Petroleum International (QPI) on Wednesday paid Greece's GEK Terna $48 million for a 25 percent stake in Heron II, making the Qatari state company the third partner in the thermoelectric power plant in Viotia, central Greece.

Bulgaria Weighs Dependence on Russian Energy

Bulgaria Weighs Dependence on Russian Energy

Τετ, 5 Μαρτίου 2014 - 09:46

Bulgaria, heavily dependant on Russia for gas and oil, will estimate its own reserves and seek alternatives to cope with any worsening of the Ukrainian crisis, it said on Tuesday.

Turkish Power Producer Aksa Enerji Turns to Cons Net Loss in 2013

Turkish Power Producer Aksa Enerji Turns to Cons Net Loss in 2013

Τρι, 4 Μαρτίου 2014 - 11:29

Turkish independent power producer Aksa Enerji [BIST:AKSEN] said it turned to a consolidated net loss of 133 million Turkish lira ($60 million/44 million euro) in 2013 against a profit of 220 million lira a year earlier.

Turkeys Thermal Coal Imports in January Rose to the Highest in Three Months

Turkey's Thermal Coal Imports in January Rose to the Highest in Three Months

Τρι, 4 Μαρτίου 2014 - 10:55

Turkey's thermal coal imports in January rose to the highest in three months, gaining 36.2% on the year to 2.080 million mt with Colombian volumes displacing Russian imports as the country's main supplier of the fuel, according to data from the Turkish Statistical Institute (TUIK) published Monday.

Westinghouse Enhances Safey at Slovenias Nuclear Power Plant

Westinghouse Enhances Safey at Slovenia's Nuclear Power Plant

Τρι, 4 Μαρτίου 2014 - 10:54

Westinghouse Electric Company has successfully completed the installation of a fully passive containment filtered venting system at the Nuklearna Elektrarna Krško Nuclear Power Plant located in Slovenia. This system enhances safety in the area of severe accident management and was required by the Slovenian Nuclear Safety Administration (SNSA) following the March 2011 Fukushima Daiichi nuclear power station accident in Japan.

Greek PPC Offers Electricity Discount to Industries

Greek PPC Offers Electricity Discount to Industries

Παρ, 28 Φεβρουαρίου 2014 - 13:37

Greek electricity powerhouse, PPC, decided today to offer discounts on the price of electricity it charges to its industrial customers. The company’s general meeting was held today in Athens and the shareholders proposed a 10% reduction in the price for the high voltage market.