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Montenegro: EPCG’s profit in 2023 amounted to 52.4 million euros

EPCG announced that the profit before taxation was 65,871,962 euros and that 13.4 million euros was paid in profit tax. "The process of auditing EPCG's...

Serbia: EPS posts 972 million euros profit in 2023

Serbian power utility Elektroprivreda Srbije recorded a profit of 114 billion dinars (972.7 million euros) in 2023, the government said. This is a historic financial...

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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...