Bulgarian Govt Proceeds with Shutdown of Tycoon's Thermal Plant

In the fall of 2010, the Bulgarian authorities closed down most of the troubled thermal power plant Brikel owned by controversial energy tycoon Hristo Kovachki in accordance with a government plant to shut the plant because of ... More

CEZ Quits Romania's Cernavoda NPP Expansion Project

Czech energy company CEZ has sold its shares from the holding for the construction of a third and fourth reactor at the Romanian nuclear power plant Cernavoda. Czech group CEZ said in a statement that it sold its 9.15% at the ... More

Unit 6 of Bulgaria's Kozloduy NPP Back in Business

One of the two functioning reactors of Kozloduy NPP, Unit 6, was turned off for scheduled annual repairs and refueling on September 18 and was expected to begin functioning again at the end of October. However, the check of ... More

EBRD supports Macedonian renewable energy project

The European Bank for Reconstruction and Development (EBRD) is supporting private sector participation in the Macedonian power generation sector with a EUR6 million loan to Mali Hidro Elektrani (MHE), a locally-owned renewable ... More

Investigation works for underwater section of South Stream begins

Gazprom will start investigation works on building underwater section of the South Stream pipeline in 2011, Gazprom CEO Alexey Miller stated Friday at a video-conference. National feasibility study will be finished soon, and we ... More

Samsung sets sights on Macedonian wind farm

Samsung Heavy Industries (SHI), South Korea's third largest shipbuilder, is set to join with the Korea South-East Power (Kosep) to build a 100MW wind farm in Stip, Macedonia. According to local press reports, SHI and Kosep, a ... More

IAEA coordinates nuclear fuel removal from Serbia

The UN International Atomic Energy Agency (IAEA) stated that 2.5 tonnes of highly radioactive spent fuel arrived at a secure Russian facility after a multinational project performed by Serbia and coordinated by the IAEA. The ... More

Concerns regarding safety of Bulgarian nuclear power plant

The latest Wikileaks findings, published by the London Guardian, confirm doubts regarding the safety of the Bulgarian nuclear power plant Belene. American diplomats from Sofia wrote in the confidential cables published by ... More

Energoni sells EUR 3m shares on BSE unregulated market

The over-the-counter (OTC) market of the Bulgarian stock exchange (BSE) saw a deal worth over BGN 6 million with the shares of Bulgarian renewable energy company Energoni, when as much as 5.87 million shares of the entity ... More

Danish EnergiMidt to install EUR 1m energy-saving system for Kaolin

Bulgarian mineral extracting and processing company Kaolin said on Friday it had placed a EUR 1 million order with Danish energy company EnergiMidt to install an energy-saving facility to utilise the heat emitted during chamotte ... More

EUR 6.4 bln should be the lowest price of Belene NPP

Russia would not be building the Belene NPP at any cost, said Rossatom Director General Sergei Kirienko. According to him if the fixed final price of the plant drops below EUR 6.4 billion the project would no longer be ... More

Russian Inter Rao eyes Enel's Bulgarian assets

Russian energy company Inter Rao is keen to acquire the Bulgarian assets of Italian power giant Enel, in particular its 73% share in coal-fired plant Maritsa East-3 and the Kamen Briag and Shabla wind farms. In turn, the ... More

Hydro-power BiH

The total available hydro power in the Federation of BiH is 1256 MW, with an estimated annual production of 3149 GWh. Within the EP are included the following three major hydroelectric plants and several small hydro power ... More

Romania has fossil fuel deposits of over 880 million tons

According to Iulian Iancu, chairman of the Lower Chamber’s commission for industry and services, investments in energy efficiency maintain their attractiveness. Romania’s Black Sea continental platform holds ... More

Black Sea Renewable Energy Forum

The first edition of the Black Sea Renewable Energy Forum that began yesterday in Bucharest seeks to give an overview of the landscape of renewable energy sources and modalities of promoting them in South-Eastern Europe, Agerpres ... More

Serious impetus to South Stream project in the Bulgarian section

Serious breakthrough has been achieved in speeding up the process for establishment of Bulgarian-Russian company for the Bulgarian section of South Stream gas pipeline. That is what head of Management Board of Gazprom Alexey ... More

Romania signs South Stream deal

Local officials signed a memorandum of intent Wednesday (October 13th) with officials from Russian gas giant Gazprom regarding the possibility of the South Stream pipeline transiting Romania, Alexey Miller, chairman of Gazprom's ... More

PPC sets up subsidiary for electric power distribution network

The Public Power Corporation on Tuesday approved the creation of a subsidiary company which will cover the operation and management of the utility’s electric power distribution network. The decision, taken by ... More

NEK needs BGN 1.1bn for its renewables projects.

Bulgaria’s state-owned power utility NEK needs BGN 1.1 billion in grid investments to be able to connect around 2,000 MW of clean energy projects, according to an analysis of the Bulgarian Energy Forum (BEF) commissioned by ... More

The presidents of Georgia, Azerbaijan and Romania to discuss issues of gas transportation

Meeting of the Presidents of Azerbaijan, Georgia and Romania meet in Baku on September 14, said «GHN». See Mikhail Saakashvili, Ilham Aliyev and Trajan Basesku in Baku on September 6 will be a meeting of the working ... More