Court of Bih Annuls Ruling that State Aid for Coal Plant Tuzla 7 Was Illegal

Court of Bih Annuls Ruling that State Aid for Coal Plant Tuzla 7 Was Illegal

The Court of Bosnia and Herzegovina annulled the ruling of the State Aid Council of BiH that loan guarantees for the Tuzla 7 coal power plant project were illegal. Government-controlled coal and power producer Elektroprivreda BiH pointed out the verdict voids the initial decision and that the case would be returned to the regulatory body for reconsideration

Seven EU Countries Oppose New EU Funding as Response to U.S. Subsidy Plan - Letter

Seven EU Countries Oppose New EU Funding as Response to U.S. Subsidy Plan - Letter

Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition. Seven EU countries openly rejected the idea in a letter addressed to the European Commission vice president responsible for trade, Valdis Dombrovskis. The document was signed by the Czech Republic, Denmark, Finland, Austria, Ireland, Estonia and Slovakia

Bulgartransgaz to Borrow up to 49 mln Euro for Bulgaria-Serbia Gas Link

Bulgartransgaz to Borrow up to 49 mln Euro for Bulgaria-Serbia Gas Link

Public gas grid operator Bulgartransgaz will be able to take out a loan of up to 49 million euro ($53.3 million) from Netherlands-based ING Bank to partially finance the construction of a gas interconnection with Serbia, Bulgaria's caretaker government said on Wednesday

Saudi Arabia is Open to Discuss Non-Dollar Oil Trade Settlements

Saudi Arabia is Open to Discuss Non-Dollar Oil Trade Settlements

Saudi Arabia, the world’s largest crude oil exporter, is open to discussing oil trade settlements in currencies other than the U.S. dollar, Saudi Minister of Finance, Mohammed Al-Jadaan, told Bloomberg TV in an interview in Davos on Tuesday

Bulgartransgaz Picks Tech Energy Expansion for Chiren Above-Ground Works

Bulgartransgaz Picks Tech Energy Expansion for Chiren Above-Ground Works

Bulgarian gas grid operator Bulgartransgaz said on Friday that it has signed a contract worth up to 297.8 million levs ($164.6 million/152.3 million euro) with the Tech Energy Expansion consortium for the expansion of above-ground infrastructure at Bulgaria's Chiren gas storage site

Oil Sector Peddled Lies on Climate: UN Sec Gen

Oil Sector 'Peddled Lies' on Climate: UN Sec Gen

UN secretary-general Antonio Guterres said today some in the oil industry "peddled the big lie" on rising global temperatures, and he compared the sector to tobacco firms that ignored the danger of smoking

Fitch Sees Strong Long-Term Growth for Solar Sector in India

Fitch Sees Strong Long-Term Growth for Solar Sector in India

Despite the headwinds impacting module supply and solar deployment, India’s solar market is expected to emerge from a slow 2023 with significant growth and feel the benefit of the country’s protectionist domestic manufacturing policies