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Romania: Electricity distributor DEER to invest €100 million annually in network modernization

Mihaela Sucia, CEO of Distributie Energie Electrica Romania (DEER), announced that the company will invest approximately 100 million euros each year to modernize its...

Slovenia: Elektro Ljubljana secures €50 million loan from EIB for network modernization

Elektro Ljubljana, Slovenia’s largest electricity distributor, has secured a €50 million loan from the European Investment Bank (EIB) to modernize and strengthen its distribution...

Romania: Electrica to issue 300 million euro green bond

Romanian electricity supplier and distributor Electrica announced that it plans to issue green bonds with a maximum maturity of 10 years worth up to 300...

Romania: Delgaz Grid completed a 7.5 million euro project for substation modernization

Delgaz Grid, an electricity and natural gas distributor, has completed a project worth 7.5 million euro to modernize five substations in Vaslui county in Romania. Of...

Romania, Electrica recorded a net profit in the amount of 109 million euros in the first nine months of 2022

Romanian electricity distributor and supplier Electrica recorded a net profit in the amount of 109 million euros in the first nine months of 2022,...

Hungary, MVM has completed a deal to acquire 100 % of E.ON Aramszolgaltato

Hungarian state-owned energy company MVM has completed a deal to acquire 100 % of E.ON Aramszolgaltato, German-owned E.ON’s local electricity distributor for the regulated...

Latest news

Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...