Montenegro’s Environmental Protection Agency has given the developer of the proposed Velestovo solar-and-storage project two years to submit a full environmental impact assessment. The agency will decide whether the 60 MW, 50 million euro project can proceed after reviewing its expected effects.
Serbia is expanding gas-supply options with a 1.5 bcm per year interconnector to North Macedonia under construction. The commercial value will depend on delivered costs, route reliability, storage and the expense of new infrastructure.
Late-October gas prices raised fuel-cost risks for Southeast Europe's gas-fired power fleet as storage remained low and LNG deliveries uncertain. Gas-fired output also rose in Hungary and Greece during the reporting week.
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Montenegrin electricity transmission system operator CGES will distribute a gross dividend of 5 million euros to its shareholders, following approval at the company’s annual...
Bulgarian coal-fired power plant Bobov Dol will distribute a dividend of 0.051 euros per share for 2024, allocating around 444,000 euros from its net...
The Management and Supervisory Boards of the Croatian oil transportation company JANAF have proposed a dividend payment of 28.81 euros per share to its...
BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.
Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.
Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.
European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.
Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.