English Edition

CEZ Electro Bulgaria's 9-Mo Net Profit More Than Doubles

Δευ, 30 Οκτωβρίου 2017 - 18:46

CEZ Electro Bulgaria [BUL:1CZ], a subsidiary of Czech power utility CEZ, said on Monday its net profit rose to 38.8 million levs ($23.1 million/19.8 million euro) in the first nine months of 2017, compared to 17.1 million levs in the like period of last year

Europe’s Largest Unsubsidized Solar Project to Be Constructed by WElink

Δευ, 30 Οκτωβρίου 2017 - 18:45

Welink Energy is to construct a 221MW Solar Project located in Vagueiros, Southern Portugal. When it becomes operational, the project named Solara4 will be the largest unsubsidised solar PV plant in Europe, generating enough power to provide 150,000 homes with electricity. It will be made up of 850,000 solar modules and is expected to employ around 300 people during its construction. The plant is scheduled for completion in mid-2019

Is Turkish Stream Able to Change the Energy Developments in Europe?

Δευ, 30 Οκτωβρίου 2017 - 18:44

Following the Russian-Turkish "reconciliation” after the downing of a Russian SU-24 military aircraft by a Turkish military jet on the border between Turkey and Syria, Moscow is now seeking to revive the Turkish Stream gas pipeline

Vestas Receives 55 MW Wind Order from China

Πεμ, 26 Οκτωβρίου 2017 - 19:30

Vestas, a Danish renewables company, received a 55-megawatt wind order in eastern China, the company announced on Thursday. Delivery and commissioning of the order for the project in eastern China's Jiangsu Province is expected begin in the first half of 2018

EU Approves Hungary’s Investment Aid to MOL Petrochemical Plant

Πεμ, 26 Οκτωβρίου 2017 - 19:29

The European Commission said on October 25 that the EC has found Hungary’s €131 million investment aid to MOL Petrolkémia Zrt plant, for its existing plant in Tiszaújváros, to be in line with EU State aid rules

Russian Company Ready to Invest in Belene NPP

Πεμ, 26 Οκτωβρίου 2017 - 19:28

The Russian company Rosatom is open to the possibility to participate in the financing of the Belene NPP if the project is resumed. This was announced by Vadim Titov, who is the director of Rosatom International Network for Central Europe. He participated in a conference dedicated to nuclear energy in Bulgaria

Centralised Heating for Sofia is Ready for the New Season

Τρι, 24 Οκτωβρίου 2017 - 16:23

"Toplofikatsia Sofia" is ready to start the new heating season in the capital, announced the municipal company

Turkey's Enerjisa to be Ready for IPO in 2018: CEO

Τρι, 24 Οκτωβρίου 2017 - 16:22

Enerjisa, owned by Turkey's Sabanci and German E.ON, will be ready for its initial public offering (IPO) at the beginning of 2018, however, shareholders will have the final say on the timing of the offering, the company's CEO said in Barcelona

Luxembourg Closer to 2020 Climate, Energy Targets

Τρι, 24 Οκτωβρίου 2017 - 16:22

Luxembourg is making good progress towards its 2020 climate and energy targets, European Commission Vice-President for Energy Union Maroš Šefčovič has said

Renault Group Hires 300 People in Romania

Δευ, 23 Οκτωβρίου 2017 - 16:12

French car manufacturer Renault wants to hire 300 people in Romania, according to an announcement the company made on Friday. It needs people in the research & development sector, business services, manufacturing, procurement and finance department

Iraqi-Kurdish Battles Send Oil Prices Gushing, Retreating

Δευ, 23 Οκτωβρίου 2017 - 16:11

Oil prices surged from October 13 through October 18 as fighting between Iraqi and Kurdish forces intensified, threatening supplies from northern Iraq, while markets await changes from US Congress on sanctions targeting Iran demanded by US President Donald Trump to stave off a US withdrawal from the deal

IEA: Market Flexibility Is Improving Thanks to LNG, But Gas Security Remains A Concern

Δευ, 23 Οκτωβρίου 2017 - 16:09

While gas markets are currently well supplied, the transformation of natural gas markets from regional systems to more globalised and interdependent markets is creating new security challenges, according to the International Energy Agency's latest assessment of global gas security

Akkuyu Nuke Co Gets Build Permit for Non-Nuclear Const.

Παρ, 20 Οκτωβρίου 2017 - 18:06

Turkey's first nuclear power plant in the southern Turkish province of Mersin is making headway with the issuance of a Limited Construction Permit (LCP) to build non-nuclear structures, according to a statement on Friday

Gazprom Board Adopts Cost Reduction Programme for 2017

Παρ, 20 Οκτωβρίου 2017 - 18:05

The Gazprom Board of Directors approved on October 18 the revised investment program, budget (financial plan) and cost optimization (reduction) programme for 2017, the Russian gas monopoly said. The key figures of the investment programme did not change compared to the version approved by the Gazprom Management Committee in September this year, Gazprom said

Greece’s Energean Announces First Results Offshore Montenegro

Παρ, 20 Οκτωβρίου 2017 - 18:04

On October 19, Greece’s Energean Oil & Gas announced the first Competent Persons Report (CPR) for its assets offshore Montenegro, compiled by Netherland Sewell & Associates (NSAI), detailing the recoverable gas and liquids resource estimates in respect to Energean’s 100% interest in blocks 4218-30 and 4219-26

Serbia's Largest Wind Farm to Receive €215 Mln. Loan

Τετ, 18 Οκτωβρίου 2017 - 17:10

The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) are providing a €215 million loan to Serbia's largest wind farm, the Cibuk 1 wind farm, the EBRD said Tuesday. The 158-megawatt (MW) Cibuk 1 wind farm, at a cost €300 million, is also the largest wind farm in the Western Balkans to date, the bank said