GE Wins First Major Deal from Alstom Portfolio, in Romania
General Electric has won a large contract to supply gas power equipment for a new 430 megawatt Romanian power plant, the first major deal to result from its $10.6 billion 2015 acquisition of Alstom's power business. GE will supply all the core technology for the 268 million…
European States Agree to Boost Gas Links, Reduce Reliance on Russia
Fifteen countries from central, eastern and southeast Europe signed a deal on Friday to speed up the building of gas links, improve security of supply, reduce their reliance on Russia and develop a fully integrated energy market. "The improvement of infrastructure through…
Spot Declines; Monday Falls on More Wind
Stronger hydro power generation sent central and southeast Europe spot power prices lower on Friday, offsetting higher consumption due to colder weather forecasts and modest wind power output, traders said. On regional exchanges, Czech and Slovak power for delivery on…
Turkey Frets After Putin Picks it for Major Gas Role
Russia's offer of a centre stage role in its revised gas export plans to Turkey, after President Putin killed off the South Stream pipeline to southeast Europe, has been greeted with more muted applause in Ankara than Moscow might have hoped. Privately, Turkish energy…
Winter Weather, Low Renewables Drive Spot Higher
Forecasts for colder weather and a steep fall in renewable supplies in the region sent central European spot prices to multi-week highs on Monday, traders said. On regional exchanges Czech power for Tuesday shot 31 percent higher to 52.60 euros ($65.70) per megawatt hour…
Ukraine Forces EU to look West, Russia East
Here's one for rabid conspiracy theorists: U.S. proponents of liquefied natural gas (LNG) projects joined with coal miners and Chinese gas buyers to pay Vladimir Putin to stir up rebellion in Ukraine. This is of course a ridiculous notion, but it does underscore that the…
Albania Gets $150m from World Bank for Power Sector
The World Bank gave Albania $150 million on Friday to help it upgrade electricity distribution and transmission after Albania settled a dispute with Czech CEZ group and retook control of the electricity distribution monopoly. Fully reliant on hydropower, Albania's electricity sector has been suffering from droughts as well as theft…
Central European Spot Prices Ease
Central European power prices fell on Tuesday, with prospects for lower temperatures seen cutting demand for air conditioning and stronger winds boosting output from windfarms, traders said. Day-ahead prices fell 1.7 percent to 34.50 euros ($47.06) in the Czech Republic…
EU Gas Flows to Ukraine Too Small to Cope with Russian Disruption
Directing natural gas from the European Union to Ukraine if Russia stops supplying its western neighbour would fail to keep up with demand for long as capacity between the EU and Ukraine is too small, analysts said on Thursday. Ukraine last year imported around 28 billion cubic metres (bcm) of natural gas from Russia…
