RWE reports better than expected H1 profits on gas-fired electricity plants
RWE, Germany’s largest electricity producer, released on Wednesday higher-than expected profits for the first six months, supported by a fleet of gas-fired plants that exceeded earnings expectations. The company's poll predicted a core profit of 2.8 billion euros…
Eni Starts Production at Obiafu 41
Italian oil major Eni said it has started gas and condensate production from the Obiafu 41 discovery, Niger Delta, three weeks after well completion. The discovery contains approximately 28 billion cubic meters of gas and 60 million barrels of condensate…
Serbia's First Large-scale Wind Farm to Start in October
Belgian renewable energy firm Elicio NV said on Friday its 42 megawatt (MW) Alibunar wind farm in northern Serbia will start operating in October and help the Balkan country diversify its energy mix and reduce greenhouse gas emissions.The wind farm…
Ecoslops H1 Activity Backs Business Plan and Technology
Ecoslops today announced its results for the first half of the year to June 30, 2016, as approved by the Board at its meeting of September 21, 2016. Vincent Favier, CEO of ECOSLOPS, says: “This first full half-year of activity on our Sines site has fully backed our business plan…
Czech EPH to Group Infrastructure Assets
Czech energy investment group EPH will group its central European infrastructure assets under an arm called EPIF, and may sell a minority stake in the business through an initial public offering (IPO), EPH said on Thursday. The privately-held EPH…
Czech CEZ Less Likely to Bid for Enel's Slovak Utility
Czech energy group CEZ is less likely to buy a 66 percent stake in the main Slovak electricity producer from Italy's Enel due to opposition from the Slovak government controlling the minority, CEZ's chief executive was quoted as saying. "It…
Hungarian-led Consortium Still Interested in Enel's Slovak Utility Stake
A Hungarian-led consortium is still interested in bidding for Enel's majority stake in the main Slovak electricity producer, the head of one of the companies in the group said on Thursday. The comment comes after Slovak Prime Minister Robert Fico said last week that the state…
Hwangwe Colliery in Coal Talks with Glencore
Zimbabwe coal producer Hwange Colliery said on Monday it was negotiating to supply coal and coke to global miner Glencore and a deal could be reached at the end of this month, its managing director said. Thomas Makore said Hwange, which mines…
Winds, Lower Demand Pressure Spot Prices
Strong winds and lower demand ahead of the Christmas holiday slashed Czech and Slovak prompt power prices on Friday, while Hungary and Romania remained at a regional premium, traders said. Czech and Slovak day ahead power more than halved to 11.61 euros ($14) per megawatt-hour.
Enel to price Endesa Shares at 13.5 Euros
Italian utility Enel will price the sale of a stake in its Spanish subsidiary Endesa at 13.5 euros per share, three sources close to the share sale said on Thursday, which would raise about 3.1 billion euros ($3.88 billion) to reduce debt. Enel…
Prompt Prices Ease on Falling Demand, Mild Weather
Central European day ahead power drifted lower on Friday, pushed down by falling weekend consumption and mild temperatures, traders said. On regional exchanges, Czech electricity and Slovak electricity for Saturday fell 12 percent to 32.28 euros ($40.86) per megawatt hour.
Spot Prices Fall on Sunshine and Lower Demand
Central European spot power prices fell on Friday, pulled lower by expectations for weaker consumption over the weekend and forecasts for rising solar levels, traders said. On regional exchanges, Czech and Slovak electricity for Saturday fell…
Czech, Slovak Day Ahead Fall; Hungary Up
Forecasts for rising solar supply crimped Czech and Slovak day ahead power on Wednesday but uncertainty over an outage at the PAKS nuclear power plant drove Hungarian prices higher, traders said. On regional exchanges, Czech and Slovak electricity…
Prompt Prices Fall on Lower Consumption, Strong Solar
Central European day-ahead power prices declined on Friday on forecasts for a drop in consumption over the weekend, lower temperatures, healthy generation availability and strong solar output, traders said. On regional exchanges, Czech and Slovak…
