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Bosnia and Herzegovina: RiTE Gacko launches €5 million tender for mine expansion excavation and land grading

Coalmine and Thermal Power Plant (RiTE) Gacko has issued a public tender to select a contractor for excavation, loading, transportation, disposal, and land leveling...

Montenegro: Pljevlja coalmine reports decreased profit in first nine months of 2024

Pljevlja coalmine reported a net profit of approximately 3.34 million euros for the first nine months of 2024, a decrease from the 7 million...

Bosnia and Herzegovina: RiTE Ugljevik plans capital restructuring to address losses and enhance financial resilience

The shareholders of the coalmine and thermal power plant RiTE Ugljevik have approved a strategic plan to restructure the company’s share capital. This initiative...

SEE region: EPS to buy coal directly from Pljevlja coalmine

Acting Director of Serbian power utility EPS Dusan Zivkovic and the Minister of Energy and Mining of Montenegro Sasa Mujovic have agreed to direct...

Romania, The preliminary report on the tragedy at the Jilt Sud coalmine on 17 January has been completed

Romanian Minister of Energy Virgil Popescu said that the preliminary report on the tragedy at the Jilt Sud coalmine on 17 January, in which...

Montenegro, Pljevlja coalmine recorded a net profit in the amount of some 4.6 million euros in the first nine months

Pljevlja coalmine recorded a net profit in the amount of some 4.6 million euros in the first nine months of 2022, compared to a...

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Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...