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Greece: Electricity suppliers’ windfall earnings reached 250 million euros

The latest data collected by authorities to determine windfall earnings gained by electricity suppliers between August 2022 and the end of 2023, the period...

Romania exported up to 800 MW of electricity to Ukraine last week

Romania exported electricity at an average rate of 400-500 MW last week, with peak rates of 800 MW during the evening peak, under the...

Montenegro: CGES recorded profit of 35.7 million euros

Montenegro’s Electric Transmission System (CGES) achieved an unprecedented profit of €35.7 million last year, as announced by Aleksandar Mijušković, the Chairman of the Board...

Romania: Transelectrica gets 56.2 million euros for investments in PV plants and energy storage

Romanian transmission network operator Transelectrica signed a financing contract worth EUR 56.2 million under the National Resilience Plan (NRRP), according to a report published...

Greece: US state fund DFC is considering to invest in Greece-Cyprus-Israel interconnection

US state fund DFC is interested in becoming a stakeholder in the Great Sea Interconnector, planned to link the power grids of Greece, Cyprus...

Greece: Crete-Athens interconnection to be launched in 2025

Development of an electrical grid interconnection to link the Cretan and Athenian systems is expected to be completed a year from now, while the...

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...