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Bosnia and Herzegovina: EPBiH reports €29.4 million net loss in 2024

Bosnia’s state-owned power utility, Elektroprivreda BiH (EPBiH), recorded a net loss of approximately €29.4 million in 2024. Despite this, the company saw total revenues...

Romania: Rompetrol Rafinare reports $66.7 million net loss in 2024 amid operational and market challenges

Rompetrol Rafinare, a member of the KMG International Group, reported a higher consolidated net loss of $66.7 million for the first nine months of...

Montenegro: EPCG reports €19.2 million net loss for first nine months of 2024

Montenegrin state-owned power utility EPCG has recorded a significant net loss of €19.2 million for the first nine months of 2024, a sharp decline...

North Macedonia: EDS cuts net loss in 2023

Macedonian electricity trader and supplier, Energy Delivery Solutions (EDS), recorded a net loss decline to 20.1 million denars (326,811 euros) in 2023, compared to...

Serbia: EPS swings to a net profit of nearly one billion euros in 2023

After two consecutive years of losses, Elektroprivreda Srbije (EPS)marked a significant turnaround in 2023, reporting a profit of one billion euros. The achievement was...

Serbia: EPS swings to a net profit of nearly one billion euros in 2023

After two consecutive years of losses, Elektroprivreda Srbije (EPS)marked a significant turnaround in 2023, reporting a profit of one billion euros. The achievement was...

Latest news

SEE power prices remain above €200/MWh as falling wind output boosts import demand

Southeast European day-ahead electricity prices remained elevated on Sept. 25, as a sharp decline in wind generation tightened regional power balances and increased reliance...

Serbia begins documentation for €2.6 billion Đerdap 3 pumped storage

Contract for planning and technical documentation Serbia has started formal project-documentation work for the planned 1.8 GW Đerdap 3 pumped-storage plant, advancing one of Southeast...

Windey considers equity stake in Fintel’s 854 MW Maestrale Ring wind project

Windey is targeting an equity stake in Fintel’s 854 MW Serbian wind portfolio, according to a new strategic agreement. China’s Windey Energy is also...

Serbia draws on diesel reserves as NIS seeks new US operating licence

Oil company NIS has asked the U.S. Treasury for a new operating licence beyond Sept. 30. Serbia has started drawing on mandatory diesel reserves...

EPS to modernise 104 MW Bistrica hydropower plant with €65 million overhaul

Modernisation scope for EPS’s Bistrica plant Serbian state utility EPS is preparing a €65 million modernisation of the 104 MW Bistrica hydropower plant. The project...