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Romanias Insolvent Hidroelectrica Plans an Over 85 million euro Investment

Romania's Insolvent Hidroelectrica Plans an Over 85 million euro Investment

Hidroelectrica, while still insolvent, planned investments of RON 377 million (EUR 85 million) for 2014, meant especially for updating technology and “historical” products. The company will finance its own investments, and the difference will be covered with bank loans, according to a report from Euro Insol, the power producer’s administrator.

Greeces Metka Completes 800 MW Combined Cycle Power Plant in Turkey

Greece's Metka Completes 800 MW Combined Cycle Power Plant in Turkey

Greek engineering company Metka said it has completed an 800 megawatt (MW) combined cycle power project in Turkey on a turn-key basis for a joint venture between German power utility RWE and Turkish firm Turcas Guney Elektrik Uretim, part of energy company Turcas Petrol [BIST:TRCAS].

Bulgarias NPP Head Sees Signing of Deal with Westinghouse in Sept

Bulgaria's NPP Head Sees Signing of Deal with Westinghouse in Sept

The state-owned Bulgarian Energy Holding (BEH) is expected to sign with U.S.–based Westinghouse Electric Company in September an agreement on the first stage of the construction of a new 1,000 megawatt (MW) unit at the country's sole nuclear power plant (NPP) Kozloduy, the plant's CEO said.

SunVault to buy 100% of 1.5-MW Greek Solar Park

SunVault to buy 100% of 1.5-MW Greek Solar Park

SunVault Energy Inc (OTCBB:SVLT) said yesterday it had agreed to buy 100% of the 1.5-MW Gregos Peloponnisoy solar park in the northern Greek municipality of Herso for about EUR 4.3 million (USD 5.9m).

Bulgaria Bill on South Stream Project in Breach of EU Law, Commissioner  Says

Bulgaria Bill on South Stream Project in Breach of EU Law, Commissioner Says

The European Commission is concerned over the planned amendments to Bulgaria's energy legislation which affect the South Stream gas pipeline as they are in breach of EU law, European energy commissioner Guenther Oettinger's spokesperson said, as quoted by news portal EurActiv.

Gazprom Charges Ukraine $11.4b Before EU Gas Talks

Gazprom Charges Ukraine $11.4b Before EU Gas Talks

OAO Gazprom (OGZD), Russia’s state gas exporter, presented Ukraine with an additional $11.4 billion bill for fuel it promised to buy last year, increasing pressure on the government in Kiev as the prospect of supply cuts looms

Bulgaria Seeks Funding For Gas Link With Greece

Bulgaria Seeks Funding For Gas Link With Greece

Bulgaria will start looking for financing for Gas Interconnector Greece-Bulgaria at the end of April, the country’s government said on Tuesday. Bulgaria expects to receive the technical project for the gas interconnector after which it will consider financing for the project, the government said in a press release. The construction of the gas link is planned to start at the beginning of 2015 at the latest.

Turcas in Talks to Buy Leviathan Gas

Turcas in Talks to Buy Leviathan Gas

Turcas Petrol AS(Istanbul: TRCAS) has notified the Istanbul Stock Exchange that its gas subsidiary has initiated negotiations together with Enerjisa and its German partner E.On EN (XETRA: EOAN) to buy natural gas from Israel's Leviathan field, for domestic customers.

Energy Community Steps Up Pressure in Gas Unbundling Dispute with Serbia

Energy Community Steps Up Pressure in Gas Unbundling Dispute with Serbia

The secretariat of the Energy Community, a Vienna-based international energy policy organization, said on Wednesday that it has submitted a reasoned request to the Energy Community Ministerial Council, seeking its decision on Serbia's failure to comply with gas unbundling rules.

Chinese Tie-up Files Sole Bid for 450 MW Unit at Bosnias Tuzla TPP

Chinese Tie-up Files Sole Bid for 450 MW Unit at Bosnia's Tuzla TPP

Bosnian power utility Elektroprivreda BiH (EPBiH) said on Tuesday a Chinese consortium of Gezhouba Group and Guangdong Electric Power Design Institute has filed the sole valid bid in a tender to select a partner to build a 450 megawatt unit at the Tuzla thermal power plant (TPP).