Bilfinger Berger won a 90 million euro contract to modernise a thermal power plant in FYR Macedonia

Analysis by Virtu.Energy Serbian independent power producers (IPPs) could unlock additional long-term buyers, higher electricity revenues and improved project bankability by exporting electricity to Italy through Montenegro. However, the financial value of this route will depend on transmission costs, cross-border capacity...

Montenegro’s most tangible hydropower investment commitments are concentrated in the modernisation of existing facilities and the development of smaller plants. An existing €40 million KfW financing package for Perućica and a €6.8 million construction contract for Otilovići provide the...

Serbia’s proposed €2.6 billion Iron Gate 3 pumped-storage hydropower project is advancing through contracted technical preparation, but its long-term investment case will depend on securing a Danube operating regime that protects existing Serbian and Romanian hydropower facilities, as well...