Siemens inks $78.4 mln Wind Turbine Deal
Wind turbine maker Siemens Gamesa signed a 69 million euro ($78.4 million) contract on Tuesday to supply Bosnia's biggest power utility EPBiH with wind turbines for a future 48 megawatt (MW) wind farm.Under the contract the company will supply 15 turbines and build the wind park on the Podvelezje plateau near the southern town of Mostar.
Croatia's HEP to Invest $1.85 bln in Renewable Energy by 2030
Croatia's state-run power utility HEP aims to boost renewable energy to 50 percent of its total capacity from the current 35 percent, investing 1 billion Croatian kuna ($153.96 million) a year on average until 2030, it said on Thursday.It will upgrade existing hydro power plants…
Worker Found Dead at Bosnia Oil Refinery Hit by Blast
The powerful blast that rocked Bosnia's Brod oil refinery late on Tuesday has left one worker dead, officials said as they raised the figure for the number injured to nine.Firefighters put down the blaze at the plant's oil and gas processing unit shortly after midnight and rescuers later discovered one body inside the facility…
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, which has 21 wind turbines provided by German wind turbine manufacturer Senvion…
Croatia Extends LNG Terminal Gas Bidding Deadline
A deadline for bids on output from a planned offshore liquefied natural gas (LNG) terminal to be built on Croatia's northern Adriatic island of Krk has been extended until Sept. 28, developers LNG Croatia said on Friday.Demand will dictate the capacity of the 250 million euro terminal…
Gas leak at Hydropower Plant Kills Three
Three people died and four were injured in an incident on Thursday caused by a gas leak in Bosnia's Una Kostela hydropower plant, police and the plant's operator EPBiH said."It was confirmed that there was a gas leak inside the facility," a regional interior ministry spokesman…
Croatia Reopens Bidding for LNG Terminal Capacity
LNG Hrvatska launched a second round of bidding for potential operators of an offshore liquefied natural gas (LNG) terminal in Croatia's northern Adriatic on Friday, after the previous round drew little interest.Last week, Croatia's parliament passed a law to enable the construction of the terminal…
Suzlon Energy Wins Approval to Build Wind Farm in Bosnia
The Bosnian unit of Indian renewable energy developer Suzlon Energy on Wednesday won the right to build a 25.2 megawatt (MW) wind farm in Bosnia to help it cut greenhouse gas emissions and meet the EU renewable energy standards.The concession was awarded for a period of 30 years with a possibility to extend it.The wind farm…
Croatia Seeks Fresh Bids to Supply Future LNG Terminal
Croatia on Tuesday issued a fresh tender to provide a ship-based import terminal for a planned liquefied natural gas (LNG) terminal on the island of Krk in the northern Adriatic, part of an EU drive to diversify away from Russian gas imports.LNG Croatia, the firm behind the project…
ArcelorMittal Invests $47 mln to Overhaul Bosnia Plant, Curb Pollution
ArcelorMittal, the world's largest steelmaker, said on Friday it was investing 75 million Bosnian marka ($47 million) to overhaul a blast furnace at its steel plant in Bosnia to extend its lifespan and improve environmental standards. Environmentalists have long complained about…
First Wind Farm Operational in Coal-reliant Bosnia
Bosnia's maiden wind farm began producing electricity on Wednesday as part of the country's efforts to cut greenhouse gas emissions and meet the renewable energy standards of the European Union it aspires to join. The 50.6 megawatt (MW) Mesihovina wind power plant, located near the northwestern town of Tomislavgrad…
Serbia, Russia Revive Gas Pipeline Plans
Russia and Serbia have revived an idea of building a gas pipeline in the Balkan country, a project that would enable Gazprom to step up its gas supplies to Europe, bypassing Ukraine. The Serbian pipeline will be linked to Bulgaria and Hungary via two interconnectors to ship Russian gas from the TurkStream pipeline.
Bosnia Secures $732 Mln Energy Loan from China's Exim Bank
Bosnia secured a 613 million euro ($732 million) loan from China's Exim bank on Monday to help Bosnian utility EPBiH build a new facility at its Tuzla coal-fired power plant, EPBiH said in a statement. The deal was signed during a two-day summit of China and Central European countries in Hungary, attended by Chinese Premier Li Keqiang.
Construction Starts on Serbian Oil Firm's New Deep Conversion Complex
Serbian oil company NIS, majority owned by Russia's Gazprom Neft, started construction on Monday of a 300 million euro ($352 million) deep conversion complex at its main refinery, which it says will boost efficiency and reduce pollution. The project at the Pancevo refinery is…
EBRD to Lend Up to 50 mln Euros for Serbian Wind Farm
The European Bank for Reconstruction and Development (EBRD) said on Wednesday it would lend up to 50 million euros ($53 million) to Serbian company Electrawinds K-Wind to help finance one of the Balkan country's first wind farms. The 104.5 megawatts (MW) project in the northern town of Kovacica…
Montenegro Inks 30-year Oil Licensing Deal with Greek Producer
Montenegro awarded Greece's sole oil producer Energean Oil & Gas a 30-year oil and gas exploration licences in two offshore blocks in the Adriatic sea on Wednesday. The contract for the blocks covering 338 square km was awarded in line with the terms of a 2014 tender. The Balkan…
Serbia Should Rework Gazprom Gas Deal
Serbia should renegotiate its long-term gas supply deal with Russia's Gazprom to align it with European gas market rules, a body in charge of extending the EU's energy policy to would-be member states said on Monday. In 2011 Serbia agreed to a 10-year deal to import natural gas…
Bosnia's Power Plant to Start $87.6 mln Cleanup
Bosnia's 300 megawatt (MW) coal-fired power plant Ugljevik said on Tuesday it had signed a 79 million euro ($87.6 million) deal with a consortium led by Mitsubishi Hitachi Power Systems to help it reduce gas emissions and meet EU norms. The flue gas desulphurisation project will reduce the emission of SO2 from its current level of around 16…
Croatia's HEP takes Offline its Biggest Hydro Power Plant
Croatia's power utility HEP said on Saturday its biggest hydro-power plant Zakucac, which generates a third of the country's electricity, had been taken offline on June 8 after a burst pipe caused flooding in the main engine room. The 488 megawatt (MW) plant is located in the Adriatic coastal town of Omis.
CEE POWER: Rising Demand, Less Wind Ddrive Spot Prices Higher
Central and southeastern day-ahead power prices climbed higher on Tuesday due to forecasts for a sharp decline in wind supply across the region and rising consumption, traders said. On regional exchanges, Czech and Slovak electricity for Wednesday rose to 29.18 euros ($32.70) per megawatt-hour…
