Construction has commenced on a cutting-edge 150 MW wind park grid connection project in a high-altitude mountain region, with Clarion Owners Engineer overseeing the project as the Works Supervisor and Silver& Yellow FIDIC Engineer. This major renewable energy infrastructure...

Serbia is rapidly establishing itself as a key player in the production and export of heavy industrial equipment, mining machinery and steel for global markets. This growth is fueled by the country’s combination of strategic geographic positioning, skilled labor force, competitive costs and...

Serbia has embarked on a series of ambitious infrastructure projects aimed at transforming its economy, enhancing connectivity and improving its role as a regional transport and logistics hub. These projects, supported by both domestic investment and international financing, are...

Serbia is emerging as a critical player in Europe’s renewable energy transition, leveraging its strategic location in the Western Balkans, abundant natural resources and growing partnerships with foreign investors to establish itself as a green energy hub. As Europe...

In addition to electrical and mechanical design engineering and supervision of works, the concept of Owner’s Engineering (OE) has become integral to the successful development of industrial projects in Serbia. Owner’s Engineering provides independent oversight and project management services to ensure that construction aligns...

Serbia’s state-owned power utility, EPS, spent approximately €370 million on electricity procurement in the first nine months of 2024, a significant increase from €213 million during the same period last year. The rise in procurement costs was driven by...

The installation of solar panels is currently underway at the Petka solar power plant, located on an 11.6-hectare site. Once completed, the plant will have an installed capacity of 9.75 MW and is expected to produce 15.6 GWh of...

Serbia's government has set quotas for the second round of renewable energy auctions, with specific capacity limits for wind farms and solar power plants. The quota for wind farms with a capacity of over 3 MW is 300 MW,...

Romania’s electricity transmission system operator, Transelectrica, has announced the partial commissioning of the new 400 kV Resita substation, a key milestone in enhancing the country's interconnection capacity with Serbia. The upgrade will increase the interconnection capacity by up to...

Serbian Minister of Mining and Energy, Dubravka Djedovic, has announced the completion of the new B3 unit at the Kostolac B thermal power plant, a significant milestone for Serbia's energy sector. The new 350 MW unit, which is the...

Rising geopolitical tensions significantly impacted global gas prices, with European gas futures reaching their highest levels in nearly a year. This surge was mainly due to uncertainty surrounding Russian gas supplies, particularly after Gazprom PJSC informed Austria that it...

In Week 46 of 2024, electricity prices in Southeast Europe (SEE) surged compared to the previous week (Week 45). The increase in electricity demand across all SEE countries during the week of November 11 led to higher prices in...

In October 2024, the Krško nuclear power plant, jointly owned by Slovenia and Croatia, generated 520,450 MWh of net electricity, exceeding its planned output of 508,000 MWh by 2.45%. This marked a strong performance, especially considering that the plant...

Electrica Group reported a net profit of €61.6 million for the first nine months of 2024, a 38% decrease compared to the €100 million profit recorded during the same period in 2023. The company attributed this decline primarily to...

Rompetrol Rafinare, a member of the KMG International Group, reported a higher consolidated net loss of $66.7 million for the first nine months of 2024, compared to a loss of $3.5 million during the same period last year. The...