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Romania: EBRD to Provide 57 million euro Loan for a Wind Power Project

Δευ, 9 Ιουνίου 2014 - 11:02

The European Bank for Reconstruction and Development (BERD) announced it will provide Romania with a loan worth EUR 57 million (USD 78 million) to fund its eighth wind power project in the country. LUKERG Renew, a 50-50 joint venture headed by Italy-based ERG Renew and LUKOIL-Ecoenergo in Russia, is responsible for the wind farm’s development, Penn Energy reports.

Turkey's Akenerji Puts into Full Operation 904 MW Gas-fired Power Plant

Δευ, 9 Ιουνίου 2014 - 11:01

Turkish power producer Akenerji [BIST:AKENR] said on Friday it has put into full commercial operation a 904 megawatt (MW) gas-fired combined cycle power plant in the southern Turkish province of Hatay after powering up a 320 MW unit.

Energean Joins Myra and Sara Partners

Δευ, 9 Ιουνίου 2014 - 11:00

Interest is reviving in the Sara and Myra drilling licenses. The partners in the offshore licenses report this morning that they have signed an agreement with Cyprus-based Energean E&P Holdings Ltd., whereby the latter will become a partner in the licenses and their operator.

OMK Delivers First Batch of Pipes for South Stream to Bulgaria

Παρ, 6 Ιουνίου 2014 - 12:52

Moscow-based United Metallurgical Company (OMK) said it shipped the first batch of pipes for the the South Stream gas pipeline from Rostov-on-Don in Russia to the Bulgarian port of Burgas over the weekend.

Fitch: Fracking Could be the Solution to Help Europe Cut their Reliance on Russia Gas

Παρ, 6 Ιουνίου 2014 - 12:51

Germany's reported plan to lift a ban on fracking highlights one of several ways that European countries could reduce their reliance on Russian gas, Fitch Ratings says.

China Sunergy Signs a 50 MW agreement for Turkish Projects

Παρ, 6 Ιουνίου 2014 - 12:50

China Sunergy Co., Ltd. (NASDAQ: CSUN), a specialized solar cell and module manufacturer, announced that it has signed a 50 MW framework agreement with KosiFrankensolar for their Turkish projects.The two companies have already started to explore the Turkish market together.

TAP Issues Contract Notice for Construction of Compressor Stations in Greece and Albania

Πεμ, 5 Ιουνίου 2014 - 15:29

Trans Adriatic Pipeline (TAP) is continuing its pre-qualification of potential suppliers for the construction of the 870km-long high pressure natural gas pipeline with its associated infrastructure across Greece, Albania, and Adriatic Sea with landfall in Southern Italy.

Bulgarian Power Utility NEK Loss Widens To 173 mln Euro In 2013

Πεμ, 5 Ιουνίου 2014 - 13:41

Bulgaria’s state-run electricity company NEK posted a loss of 338 million levs ($236 million/173 million euro) in 2013, local media reported on Monday.

Romania's Transelectrica Signs Deal for Construction of Power Link with Serbia

Πεμ, 5 Ιουνίου 2014 - 12:14

Romania's power grid operatorTranselectrica [BSE:TEL] said on Wednesday it has signed a contract worth 81.4 million lei ($25.2 million/18.5 million euro) for the construction of a power interconnection line with Serbia.

€57 million Loan from EBRD to Romanian Wind Power Sector

Πεμ, 5 Ιουνίου 2014 - 12:05

The European Bank for Reconstruction and Development (EBRD) is boosting Romania’s renewable energy market with a €57 million loan for the development of the Topolog-Dorobanțu wind farm in the south east of the country.

Market-Share of Greek Tanker Purchases has Averaged at 19%

Πεμ, 5 Ιουνίου 2014 - 12:04

The buying interest from Greek ship owners is focused on bulkers to an increasing extent. Data from VesselsValue.com reveal that Greek owners were at the buying end of 43% of all bulker sales completed so far in 2014.

Cyprus-Based Ocean Rig UDW Signs a Leasing Contract for its Eirik Raude Drilling Ship

Πεμ, 5 Ιουνίου 2014 - 12:03

Energy companies active in the Falkland Islands have leased a rig for their 2015 drilling programme, paving the way for oil and gas exploration to continue next year in the region contested by Britain and Argentina.

Twelve Energy Projects to Be Fast-Tracked

Τετ, 4 Ιουνίου 2014 - 13:08

A government committee on Monday gave the green light for 12 energy projects with a total budget of 11.5 billion euros to be licensed through the fast-track process.

Romania Will Adopt a Law of Energy Efficiency

Τετ, 4 Ιουνίου 2014 - 12:45

The Romanian Parliament will adopt a law of energy efficiency that follows the European directive regarding targets for cutting back on energy spending, according to Iulian Iancu, president of the Industry and Services Commission in the Chamber of Deputies.

Brussels Opens Infringement Procedure Against Bulgaria over South Stream

Τετ, 4 Ιουνίου 2014 - 12:44

The European Commission has opened an infringement procedure against Bulgaria over the implementation of the South Stream gas pipeline project, the Commission's Internal Market and Services directorate said on Tuesday.

IEA: 48 Trillion Dollars Needed for Energy Until 2035

Τρι, 3 Ιουνίου 2014 - 13:57

Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series.