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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

Serbia power prices rise as regional markets retreat from Tuesday’s spike

Serbia’s day-ahead electricity price rose by €18.2/MWh to €195.99/MWh for Wednesday delivery, moving in the opposite direction to sharp declines across most neighbouring markets...

EMS begins Bajina Bašta 220 kV to 400 kV upgrade for Trans-Balkan Corridor

Serbian transmission system operator EMS has started upgrading the Bajina Bašta substation from 220 kV to 400 kV, supporting the western segment of the...

Fortis and Inelso to build 30 MW solar with battery storage in Vojvodina

Fortis Energy and Inelso Energy Systems plan to invest about €25.5 million in a 30 MW solar project with battery storage in Serbia’s Vojvodina...

Romania’s Rețele Electrice România to upgrade Cetate substation in Timișoara

Rețele Electrice România plans to invest about €23.5 million, including VAT, in the Cetate substation in Timișoara. The upgrade will replace ageing equipment and...

Romania increases gas injection rates ahead of winter

Romania has stepped up gas storage injections to more than 13 million cubic metres per day ahead of winter. The increase follows stronger cross-border...