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Romania's Hidroelectrica Awards 75 Mln Euro Upgrade Deal to Romelectro-Led Tie-Up

Πεμ, 7 Μαΐου 2015 - 19:21

Romanian insolvent state-runhydro power producer,Hidroelectrica, said on Wednesday it awarded a 75 million euro ($84.4 million) deal forthe upgrade of one of its units, Stejaru,to a consortium of local companyRomelectroand Slovenia's Litostroj Power.

HELLENIC PETROLEUM S.A - APPOINTMENT OF A NEW BOARD OF DIRECTORS

Πεμ, 7 Μαΐου 2015 - 19:19

Hellenic Petroleum S.A. announces the Members of the new Board of Directors of the Company

A Free for All Around Greece

Τετ, 6 Μαΐου 2015 - 17:28

It is more than Greece vs the “Institutions” a.k.a. “Troika”. The small country in Europe’s South-Eastern extremity has already proven to be a catalyst on the political level, highlighting political deficiencies of the European project, especially those created by the inherent controversies of the Eurozone, that can no longer be swept under the purely technocratic carpet.

Putin Warns Hungary to Stick to Energy Deal

Τετ, 6 Μαΐου 2015 - 17:01

Hungary’s economy will suffer if the government decides to pull out of a deal with Russia’s state atomic energy corporation Rosatom, warned Russian President Vladimir Putin on May 5. He was referring to an energy agreement that has been criticised by the European Union.

Keen to Depend Less on Russia EU Courts Algeria - Morocco

Τρι, 5 Μαΐου 2015 - 18:46

Tensions with Russia is pushing Europe to start turning towards diversifying its energy sources and looking for new suppliers. That is the reason of the trip, starting today, to Algeria and Morocco, of the EU Climate & Energy CommissionerMiguel Arias Cañete.

Serbia's NIS Posts Q1 Cons Net Loss of 4.7 Bln Dinars (39 Mln Euro)

Τρι, 5 Μαΐου 2015 - 17:57

Serbian oil and gas company NIS, said on Monday it recorded a consolidated net loss of 4.7 billion dinars ($43.5 million/39 million euro) in the first quarter of 2015 on the back of unfavourable macroeconomic trends.

Montenegro's EPCG to Start Talks With Skoda Praha on Construction of TPP Unit

Τρι, 5 Μαΐου 2015 - 17:56

Montenegrin state-controlled power utility Elektroprivreda Crne Gore (EPCG) said that the most favourable bid for the construction of a second unit at thermal power plant (TPP) Pljevlja was filed by Skoda Praha.

Progress in Greek Talks but Big Divergences Remain

Δευ, 4 Μαΐου 2015 - 19:18

A European Commission spokesman said the negotiators worked through the weekend. Talks were “constructive”, butwork remains, said Margaritas Schinas on Monday in Brussels, declining to give details.

Croatian Power Utility HEP 2014 Cons Net Profit Jumps 94%

Δευ, 4 Μαΐου 2015 - 18:38

Croatian state-owned power utility Hrvatska Elektroprivreda (HEP) said on Thursday its consolidated net profit jumped 93.8% to 2.52 billion kuna ($372 million/332.9 million euro) in 2014.

EBRD Mulls Lending 152 Mln Euro to Romania's CEZ Distributie

Δευ, 4 Μαΐου 2015 - 18:34

The European Bank for Reconstruction and Development (EBRD) said on Thursday itis considering providinga senior loan of675 million lei, equivalent to152 million euro ($169 million),to Romanian power distributor CEZ Distributie.

Athens - Nicosia - Cairo to Fight Terrorism Boost Shipping Tourism Energy Ties in East Med

Πεμ, 30 Απριλίου 2015 - 18:23

The leaders of Greece, Cyprus and Egypt met in Nicosia on April 29 where they vowed to upgrade their economic partnership in shipping, tourism and energy in the context of their close political relations and jointly fight terrorism.

LNG Hrvatska Extends Deadline for Non-Binding Bids for LNG Krk Capacity

Πεμ, 30 Απριλίου 2015 - 18:17

Croatia's LNG Hrvatska said it has extended until May 31 the deadline for non-binding bids to book capacity at the planned liquefied natural gas (LNG) terminal on the Adriatic island of Krk.

Romania's OMV Petrom Plans Lower Dividend Investments in 2015

Πεμ, 30 Απριλίου 2015 - 18:13

Romania's top oil and gas group, OMV Petrom, said on Wednesday it will pay a gross dividend of0.0112 lei ($0.0028 /0.0026 euro)per share for 2014, versus0.0308 lei per share paid a year earlier.

Brussels Αsks Romania Croatia to Fully Transpose EU Energy Efficiency Directive

Πεμ, 30 Απριλίου 2015 - 18:08

The European Commission said on Wednesday ithas asked Romania, Croatia and threeother member statesto ensure the full transposition of the Energy Efficiency Directive.

Danes Energising Wind Power

Τετ, 29 Απριλίου 2015 - 15:56

Twenty-four years ago Denmark built its first wind turbine. Today, this Scandinavian country is a global leader in wind power, spreading its knowhow across Europe, Asia and North America.

Bosnia's RMU Banovici Hopes to Sign TPP Construction Financing Deal in 2015

Τετ, 29 Απριλίου 2015 - 15:47

Bosnian state-controlled brown coal mine operator RMU Banovici said on Tuesday it expects to sign this year a deal with a strategic partner for the construction and financing of the 350 MW Banovici thermal power plant (TPP) project.