February 2015

Serbia-Energy.Eu

South East Europe Energy

MarketDigest Monthly Report

Market Monitoring ServiceMMS

1 Serbia Energy Market Monitoring Service MMS

Serbia-Energy.Eu

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1. Serbia: Power utility EPS, tender “Justification Study with conceptual design for the plant for flue gas desulphurization TPP Kostolac “

PE “Electric Power Industry of Serbia” announced a tender for the draft-ing of the “Justifiability Study with conceptual design for the plant for flue gas desulphurization TPPKostoalac – actualization”.

http://serbia-energy.eu/serbia-power-utility-eps-tender-justification-study-with-conceptual-design-for-the-plant-for-flue-gas-desulphurization-tpp-kostolac/

2. Serbia: Power utility EPS international tender: “Procurement of hard-ware and software system for coal quality management system at the open coal mine pit Kolubara Tamnava and landfill”

PE “Electric Power Industry of Serbia” announced the tender for the pro-curement of hardware and software for quality management of coal at the open mine pit Tamnava and land fill for the Mining Basin Kolubara according to standard procedure of KfW bank for procurement and

workscontracts, in accordance with financial cooperation with partner countries.

http://serbia-energy.eu/serbia-power-utility-eps-international-tender-procurement-of-hardware-and-software-system-for-coal-quality-management-system-at-the-open-coal-mine-pit-kolubara-tamnava-and-landfill/

3. Serbia: Energy Community pressure Gov to prepare new plan for gas monopoly company Srbijagas

The Energy Community requested from Serbia to submit a new plan for state owned gas monopoly company Srbijagas restructuring by 12th March, since the current one was not in conformity with the EU regula-tions, deputy director of this organization’s Secretariat, Dirk Buschle, said on 21st January. In the Energy Community, they say that Serbia should bring itself into conformity with the European regulations in this sphere by 30th June 2015 and that, if this should not be done, Serbia can expect the initiation of a procedure due to the violation of regulations and, possibly, sanctions.

http://serbia-energy.eu/serbia-energy-community-pressure-gov-to-prepare-new-plan-for-gas-monopoly-company-srbijagas/

4. Serbia: TPP Nikola Tesla TENT completes major overhaul on unit A3 despite all issues with contractors

www.serbia-energy.eu

Serbia Energy Market Report DigestSE MMS February 2015

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In the previous year, the most important job in the Serbian biggest ther-mal power plant “Nikola Tesla“ was the capital overhaul of the block A3. The comprehensive job, which was originally envisaged to last for 180 days, will nevertheless be concluded in January 2015. After the end of the overhaul, the first synchronization of the block is planned for 22nd January. The exact date of commissioning of the block will depend on the outside temperature and the electricity consumption.

http://serbia-energy.eu/serbia-tpp-nikola-tesla-tent-completes-major-overhaul-on-unit-a3-despite-all-issues-with-contractors/

5. Serbia: EPEX SPOT says there is still no date for the launch of a SEEPEX power exchange

From the European Energy Exchange EPEX SPOT it was announced that there was still no date for the opening of electricity stock exchange (Seepex) in south-eastern Europe, which has being developed in partner-ship with EMS, Serbian transmission system operator.

http://serbia-energy.eu/serbia-epex-spot-says-there-is-still-no-date-for-the-launch-of-a-seepex-power-exchange/

6. Serbia: Electricity supply market still in green phase, price influences the market development

The electricity market liberalization in Serbia has also started two years ago, and apparently, there is no crowd on it, or it might be better to say – there are many people who have signed up to participate in it, but they

do not take part. http://serbia-energy.eu/serbia-electricity-supply-market-still-in-green-phase-price-influences-the-market-development/

7. Serbia: New TPP TENT B3 unit, Chinese may win this project as well?

Project envisages construction of new, 3rd unit in existing TPP Nikola Tesla B, with 700 MW output. But, during tender procedure in 2011, none of the eligible candidates submitted bid. Government later announced that the project could be developed through interstate agreement, i.e. without publishing the tender, in order not to waste time.

http://serbia-energy.eu/serbia-new-tpp-tent-b3-unit-chinese-may-win-this-project-as-well/

8. Serbia mining: Procurement of new equipment in lignite coal mines,Sandwick, Kopex and Krupp with dominant market position in new technology supply

Kolubara, Largest lignite mine in Serbia, needs to invest 700-800 million EUR for opening of new, Radljevo field, in order to cover lignite demand of new capacities (TPP Kolubara B and unit 3 in TPP Nikola Tesla B). Be-fore opening of Radljevo field, fields C and G should be opened in order to provide sufficient amounts of lignite for existing and future TPPs.

http://serbia-energy.eu/serbia-mining-procurement-of-new-equipment-in-lignite-coal-mines-sandwick-and-krupp-with-dominant-market-position-in-new-technology-supply/

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9. Serbia: Fintel Spa Italy-Serbia Co starts wind park construction with Vestas turbines

The company MK Fintel Wind, a joint venture of MK Group and the Ital-ian company Fintel energy spa, has started construction of a wind farm near Kula, with a power of 9.9 megawatts, and the completion of work on the facility, which will employ 50 workers, is expected by the end of Octo-ber this year.

http://serbia-energy.eu/serbia-fintel-spa-italy-serbia-co-starts-wind-park-construction-with-vestas-turbines/

10. Serbia: Electricity traders guide for new market entrants, existing trad-ers and their market challenges

Serbia is very important for electricity transiting and bilateral trading be-tween trading companies since it represents a trading hub of the region due to bordering with eight countries. There are many international elec-tricity trading companies established in Serbia since local legislation re-quires establishing of local company for any electricity trading and transit-ing activity.

http://serbia-energy.eu/serbia-electricity-traders-guide-for-new-market-entrants-existing-traders-and-their-market-challenges/

11. Serbia: Edison & EPS power utility JV project New TPP Kolubara B, status unclear

The project should be jointly developed by EPS and Italian Edison. TPP Kolubara B will be lignite fired plant and it will be replacement capacity for several older TPPs in Serbia. New power plant will have 750 MW out-put, while overall cost of the project is estimated to around 1 billion EUR.

http://serbia-energy.eu/serbia-edison-eps-power-utility-jv-project-new-tpp-kolubara-b-status-unclear/

12. Serbia: Power utility EPS counts on big consuming clients in produc-tion sectors

We will do everything to keep Zelezara Smederevo as an attractive elec-tricity customer, but respecting our economic interests, said EPS director Aleksandar Obradovic.

http://serbia-energy.eu/serbia-power-utility-eps-counts-on-big-consuming-clients-in-production-sectors/

13. Serbia: Domestic smart meters producers pressure EPS to revise the tender

If there is no agreement between the power utility EPS and 11 Serbian manufacturers of smart meters, local industry will not have the chance to participate in the procurement of smart meters, worth 350 MEUR. http://serbia-energy.eu/serbia-domestic-smart-meters-producers-pressure-eps-to-revise-the-tender/

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14. Serbia: Old investments in power gen facilities raise refunding re-quest, Croatia seeks two billion EUR from Serbia

Croatia plans to request from Serbia the given investments of “Electric Power Industry of Croatia” in Thermal power plant Nikola Tesla TENT from Obrenovac. “Investment” of 120 MEUR increased due to interest rates. They also demand free electricity for a year.

http://serbia-energy.eu/serbia-old-investments-in-power-gen-facilities-raise-refunding-request-croatia-seeks-two-billion-eur-from-serbia/

15. Serbia: New power generation projects on hold

There are several on-going generation projects in Serbia, but generally they are all marked with slow progress and delays. For some large pro-jects, documentation was made 40 years ago, but due to sufficient gen-eration in that period, there was no need for their urgent implementation.

http://serbia-energy.eu/serbia-new-power-generation-projects-on-hold/

16. Serbia: EBRD to provide 200MEUR loan to power utility EPS?

European Bank for Reconstruction and Development (EBRD) is consider-ing providing a loan of 200 million euros for the financial restructuring of the Electric Power Industry of Serbia (EPS), it was said by Mateo Pa-trone EBRD’s Director for Serbia. http://serbia-energy.eu/serbia-ebrd-to-provide-200meur-loan-to-power-utility-eps/

17. Serbia: RES investments in Serbia and existing electricity producers

There are 95 privileged producers of electricity from renewable energy sourcesin Serbia, which refers to the capacity of 51 megawatt of power, while the temporary status of privileged producer has 74 of them, with a total capacity of 40 megawatts.

http://serbia-energy.eu/serbia-res-investments-in-serbia-and-existing-electricity-producers/

19. Serbia: Energy minister preparing a electricity price increase in 2015?

Minister of Energy and Mining Aleksandar Antic said that the serious cal-culations were done which should demonstrate if there would be a elec-tricity price increase this year. On that decision will influence the arrange-ment with MMF, since EPS was the subject of MMF observation, said An-tic, at a press conference in EPS, on which was presented the Board of EPS Executive Directors.

http://serbia-energy.eu/serbia-energy-minister-preparing-a-electricity-price-increase-in-2015/

20. Serbia: Cross border electricity trading characteristics 2014

TSO grid network operator company EMS performs daily auctions for 100% ATC on borders with Romania, Bulgaria and Croatia, and on other borders, for 50% of ATC. http://serbia-energy.eu/serbia-cross-border-electricity-trading-characteristics-2014/

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21. Serbia exclusive: Analysis of state power utility EPS restructuring, re-alistic SWOT view

Setting very clear “game” rules in advance is a must, since it is the only way to assess the EPS management operation efficiency in an objective and unbiased way. http://serbia-energy.eu/serbia-exclusive-analyses-of-state-power-utility-eps-restructuring-realistic-swot-view/

22. Serbia: Electricity market overview 2015

The main feature of Serbian electricity market is the one player domi-nance – of a public company Electric Power Industry of Serbia; then the dominant use of conventional energy sources, primarily coal; and full lib-eralization of the market.

http://serbia-energy.eu/serbia-electricity-market-overview-2015/

25. SEE/Serbia, Bosnia, Montenegro, Macedonia, Albania: Balancing framework, regional balancing integration in SEE

Serbia is a part of SMM control block together with Montenegro and Ma-cedonia. EMS as Transmission System Operator is obliged to provide System services for the control area. http://serbia-energy.eu/seeserbia-bosnia-montenegro-macedonia-albania-balancing-framework-regional-balancing-integration-in-see/

26. Serbia: TPPs TENT Nikola Tesla, tender for estimation of the remain-ing operational life of vital elements of the unit A5

The company “Thermal Power Plant Nikola Tesla” issued a public pro-curement of services of technical analysis or consultancy “Estimation of the remaining operational life of vital elements of the block A5″.

http://serbia-energy.eu/serbia-tpps-tent-nikola-tesla-tender-for-estimation-of-the-remaining-operational-life-of-vital-elements-of-the-unit-a5/

27. Serbia: Alstom market share in TPPs modernization and effects of GE takeover

Recent takeover of Alstom business by GE may influence the Serbian market as well. GE in Serbia is present thru local representative office but without visible market network which is needed for sales and projects development.

http://serbia-energy.eu/serbia-alstom-market-position-in-power-plants-modernization-and-effects-of-ge-takeover/

28. Serbia: Delay of FGD 200MEUR TPP Nikola Tesla A tender, status unclear

Biggest environment protection investment project in Serbian thermal power plants is 200MEUR flue gas desulphurization project in TPP Nik-ola Tesla A ( TENT A). Financing is secured from Japanese soft loan and the project is supervised by JICA Japanese agency for international coop-eration. TEPSCO consultancy is hired to monitor the tender procedure as support to JICA and EPS. 200MEUR FDG tender on TPP TENT A at-tracted all biggest market players

http://serbia-energy.eu/serbia-exclusive-possible-restart-of-fgd-200meur-tent-a-tender-retendering-may-bring-more-competition-and-benefits-for-eps-power-utility/

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29. Serbia: Power utility EPS & EU accession process, investments in modernization in power plants

Emissions of harmful gases from large combustion power plants  are regulated by two directives – on large combustion plants (LCPD) and on industrial emissions (IED). According to the provisions of the Treaty Es-tablishing Energy Community, the Large Combustion Plants Directive was to be implemented by 31st December 2017, without an extension for preparing National Emission Reduction Plans. However, in October 2013, the Ministerial Council of Energy Community made the decision to postpone its implementation until the end of 2023.

http://serbia-energy.eu/serbia-obligations-of-energy-company-eps-in-the-eu-accession-process-investments-in-environment-protection-system-modernization-in-power-plants/

30. Serbia/Croatia/BiH:State owned power utilities survived the electricity market opening

In the region, except Slovenian, Croatian market is totally liberalized, in accordance with a Third European energy directive. In Serbia, Bosnia and Herzegovina, Montenegro and Macedonia, the market was partially liberalized and only the industrial and commercial customers have the rights to choose suppliers freely. http://serbia-energy.eu/serbiacroatiabihstate-owned-power-utilities-survived-the-electricity-market-opening/

31. Serbia: Restructuring of power utility EPS, new process integration with its subsidiaries

It has been envisaged that the contracts the value of which is higher than two million euros (in RSD counter-value) should be counter-signed by the PE EPS Director. The objective of this solution is not to get into the authorities of a company director, nor is this legally possible. http://serbia-energy.eu/serbia-exclusive-analysis-new-management-and-process-integration-policies-in-power-utility-eps-group/

32. Serbia: Energy company EPS,Rehabilitation of old and construction of new capacities from the renewable energy sources

EPS priorities are the rehabilitation of the big hydro power plants (Đer-dap, Vlasinske hidroelektrane, Bistirca, Zvornik), then the rehabilitation of 15 small hydro power plants, as well as the construction of the new capacities – big and small hydro power plants, wind parks and solar power plants.

http://serbia-energy.eu/serbia-energy-company-epsrehabilitation-of-old-and-construction-of-new-capacities-from-the-renewable-energy-sources/

33. Serbia: Power utility EPS tender, Procurement of infrastructure works for the coal quality management system at the landfill of the Kolubara mines open mine pit Tamnava-West Field

http://serbia-energy.eu/serbia-power-utility-eps-tender-procurement-of-infrastructure-works-for-the-coal-quality-management-system-at-the-landfill-of-the-kolubara-mines-open-mine-pit-tamnava-west-field/

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34. Serbia: TPPs Nikola Tesla CEO analysis on 2015 investment cycle and overview of 2014

The company Thermal Power Plant “ Nikola Tesla” (TPPNT), which con-sist of 4 power plants TPP TENT A, TENT B, TPP Morava and TPP Kolu-bara, can be satisfied with the year behind us, given the circumstances and the catastrophic floods in 2014. TPPs TENT company produce more than 50% of Serbian electricity balance. http://serbia-energy.eu/serbia-tpps-nikola-tesla-ceo-analysis-on-2015-investment-cycle-and-overview-of-2014/

35. Serbia: HPP Djerdap production plan for February is fulfilled

Owing to good operational readiness of the aggregates and favorable hy-drological situation, Đerdap 1 fulfilled its monthly production plan of 359 million kWh for February. http://serbia-energy.eu/serbia-hpp-djerdap-production-plan-for-february-is-fulfilled/

36. Serbia: Power utility EPS to request change of tariff system

Electric Power Industry of Serbia will request changing of the electricity tariff system, it was announced from power utility company The existing tariff system used for calculation of electricity consumption of households in Serbia is outdated and complicated, and electricity bills are still confus-ing the citizens, which is why EPS will require from the Energy Agency of the Republic of Serbia to change that system, said Executive Director of EPS Dragan Vlaisavljević on conference focusing on Energy security sustainability questions.

http://serbia-energy.eu/serbia-power-utility-eps-to-request-change-of-tariff-system/

37. Serbia: TPP TENT 80MEUR project, increase of turbine power and preps for NOx and ECP project

Probationary synchronization of the block TENT A-3 to the grid of electric power system of Serbia was successfully completed in 2015. This offi-cially represented the end of extensive work initiated on 1 July 2014.

http://serbia-energy.eu/serbia-tpp-tent-80meur-project-increase-of-turbine-power-and-preps-for-nox-and-ecp-project/

38. Serbia: Wind energy is waiting for the new energy by-laws, investors race for cap capacity

The passing of the new Energy Law, which was adopted on December 29, created the basic preconditions for the construction of large wind farms in Serbia. The law is a much better solution than the previous one because it eliminates all the obstacles to the realization of such invest-ments. http://serbia-energy.eu/serbia-wind-energy-is-waiting-for-the-new-energy-by-laws-investors-race-for-cap-capacity/

39. Serbia: New Energy law improves PPA and status of privileged power producer

Newly adopted Serbia’s Energy Law introduced encouraging invest-ments in the renewable energy sector and generally improving the Ser-bian energy sector’s regulatory framework by removing a number of ob-stacles contained in the previous energy law.

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http://serbia-energy.eu/serbia-new-energy-law-improves-ppa-and-status-of-privileged-power-producer/

40. Serbia: Power utility EPS restructuring and new Energy law, Opinion of Simon Uzunov, Head of the Electricity Unit at the Energy Community

Congratulations to colleagues in Serbia’s energy sector on the adoption of the new Law on Energy. Formal and legal barriers should not exist in terms of equal treatment of Serbia in all EU energy associations said Si-mon Uzunov, Head of the Electricity Unit at the Energy Community (EC) of Southeast Europe Even in the period in which the “Electric Power In-dustry of Serbia” and the energy sector of Serbia were one and the same term, their dominant and leading role in the region was undeni-able. It is understandable that such position of Serbia within the Energy Community of Southeast Europe exists today as well.

http://serbia-energy.eu/serbia-power-utility-eps-restructuring-and-new-energy-law-opinion-of-simon-uzunov-head-of-the-electricity-unit-at-the-energy-community/

2 South East Europe• Hungary• Croatia• Bosnia• Bulgaria• Montenegro• Slovenia• Macedonia• Romania• Albania

SEE Energy Market

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1. Bosnia: Power utility plans more electricity production in 2015

Thermal power plants this year will have shorter repairs and overhauls. Electric Power Industry of BiH has announced that it plans to increase electricity production by 3.3% to 7.651 GWh in 2015, mainly due to the shorter period for regular repairs in which thermal power plants will not work.

http://serbia-energy.eu/bosnia-power-utility-plans-more-electricity-production-in-2015/

2. Montenegro: PM warns Italian A2A to decide fast on the fu-ture cooperation in energy sector

The Government of Montenegro will not prolong cooperation with Italian A2A after March 31st, in case the company doesn’t support the development program of Electric Power Industry of Montenegro EPCG, announced the Prime Minister Milo Dju-kanovic. Djukanovic said that they will wait for the company

A2A to declare in due time, whether they are ready to partici-pate in the realization of the second block of thermal power plant (TPP) Pljevlja.

http://serbia-energy.eu/montenegro-pm-warns-italian-a2a-to-decide-fast-on-the-future-cooperation-in-energy-sector/

3. Bulgaria exclusive: Contour Global energy investments in TPPs, market influence on energy balances

Maritsa Iztok complex is the largest energy complex in the south-eastern Europe. The complex consists of three thermal power plants, placed in a large mining basin which includes sev-eral lignite mines, situated in the province Stara Zagora. http://serbia-energy.eu/bulgaria-exclusive-contour-global-energy-investments-in-tpps-market-influence-on-energy-balances/

4. Croatia: Public hearing on balancing services prices

Proposed methodology for determining the prices for the provi-sion of balancing services is in discussion until 10February. En-ergy regulator HERA has started a public hearing regarding the proposed methodology for determining the price for the provi-sion of balancing services. http://serbia-energy.eu/croatia-public-hearing-on-balancing-services-prices/

www.serbia-energy.eu

South East Europe Energy Market SEE MMS February 2015

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5. Bosnia: New TPP Banovici tender, Abengoa lost race against the Chinese

By the end of this year it will be known who will be the partner of the Dark coal mine (RMU) Banovici for the construction of Thermal Power Plant (TPP) Banovici. The tender procedure is in progress, the selection was reduced to four offers, three of which are Chinese companies and one European. http://serbia-energy.eu/bosnia-new-tpp-banovici-tender-abengoa-lost-race-against-the-chinese/

6. Montenegro: TERNA starts the construction of submarine power cable despite all issues

The construction of the submarine cable from Peskara to Tivat, as announced by the Montenegrin media, should have started a few days ago. The preparation of the construction site for the cable has been done, as well as for the converter and substa-tion at the beach Vilađo Alcione, near the point where the small river Foso Valelunga merges with the Adriatic Sea. http://serbia-energy.eu/montenegro-terna-starts-the-construction-of-submarine-power-cable-despite-all-issues/

7. Croatia/Romania exclusive: Marubeni Japan, new power plant market actor in the region of SEE

Two most important projects in the region that should be imple-mented by the Japanese company Marubeni in the next few

years, are gas power plant Fantanele Gas Power in Romania, for which the contract had been already signed, while for the second project – Block C of the power plant Plomin in Croatia, the negotiations are in progress.

http://serbia-energy.eu/croatiaromania-exclusive-marubeni-japan-new-power-plant-market-actor-in-the-region-of-see/

8. Croatia: CHP 500MW Power Plant Osijek will decrease coun-try electricity imports

Despite numerous plans for constructing a gas-fueled combi-cogeneration power plant in Osijek, the project is still at the very beginning. The Cost-benefit analysis and the Feasibility study have shown the profitability of investing into the power plant. http://serbia-energy.eu/croatia-chp-500mw-power-plant-osijek-will-decrease-country-electricity-imports/

9. Bosnia: The fall in exports of electricity in 2014 by 34.6%

Exports of electricity from Bosnia and Herzegovina in 2014 re-corded a decrease of 34.6% compared to the year 2013, says the data from the Agency for Statistics of BiH.

http://serbia-energy.eu/bosnia-the-fall-in-exports-of-electricity-in-2014-by-34-6/

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10. Macedonia: Public divided on new HPPs Lukovo Polje and Boskov most, dependency of electricity imports may be de-creased

Two new HPP projects – Lukovo polje and Boškov most project could significantly reduce the dependence of Macedonia on the electricity import. The Lukovo polje Project includes the con-struction of the dam and storage, of the total capacity 39 million cubic meters of water, and represents the upgrade of the exist-ing system of Mavrovo power plants. http://serbia-energy.eu/macedonia-public-divided-on-new-hpps-lukovo-polje-and-boskov-most-dependency-of-electricity-imports-may-be-decreased/

11. Croatia exclusive: RWE and power utility HEP to decide on new strategic partners for new TPP Plomin unit 3

The Thermal Power Plant Plomin consists of two blocks, with the capacities of 115 and 210 megawatts. The Block 1 was built in 1969, whereas the block 2 was built in 2000. The owners of the thermal power plant are the German RWE Power and the Croatian Electric Power Industry (HEP), with the shares of 50 percent each. http://serbia-energy.eu/croatia-exclusive-rwe-and-power-utility-hep-to-decide-on-new-strategic-partners-for-new-tpp-plomin-unit-3/

12. Montenegro: Energy regulator prescribes rules, who and how can offer service of the electricity supply

The opening of the electricity market in Montenegro from Janu-ary 1st also enabled the right to households to choose electric-ity supplier, or to choose the most preferred bid for supplying Regulatory Energy Agency (RAE) published the basic informa-tion for potential electricity suppliers, as the market in Montene-gro has been open from January 1st.

http://serbia-energy.eu/montenegro-energy-regulator-prescribes-rules-who-and-how-can-offer-service-of-the-electricity-supply/

13. Hungary: Gov plan to increase the capacity of TPP Matrai

Plan for expansion of the thermal power Matrai has been pre-pared, and it is a project that could substantially reduce the im-port dependence of the Hungarian economy and increase sup-ply security before commissioning of new Paks units, claims pro-fessional Association Energopolitika 2000th. http://serbia-energy.eu/hungary-gov-plan-to-increase-the-capacity-of-tpp-matrai/

14. Bulgaria: 6TWh per year available for export until 2020th

Bulgaria is expected to retain the capacities for electricity pro-duction until at least 2020th, with annual consumption growth to the end of the decade to 1.5 percent. This means that the coun-

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try will maintain export potential and continue to play a leading role in the regional energy market.

http://serbia-energy.eu/bulgaria-6twh-per-year-available-for-export-until-2020th/

15. Romania: Subventions and inefficiency lead to cost in-crease in the energy sector

Subventions and inefficiency in electricity production distort the price of electricity in Romania. Subventions and low level of effi-ciency, including the high price of coal that is used in power plants and high fees for renewable energy sources, are to-gether increasing the energy costs for the economy by 24 per-cent, according to a report on energy sector in Romania. http://serbia-energy.eu/romania-subventions-and-inefficiency-lead-to-cost-increase-in-the-energy-sector/

16. Romania: Hidroelectrica increased 2014 profit due to higher sales and cost control measures

Hidroelectrica’s 2014 profit rose by 33% compared to 2013 and was three times higher than the one recorded in 2010. Roma-nian hydropower producer Hidroelectrica posted a preliminary gross profit of 1.2 billion lei 267 million euro in 2014, in line with its target.

http://serbia-energy.eu/romania-hidroelectrica-increased-2014-profit-due-to-higher-sales-and-cost-control-measures/

17. Croatia: Power utility HEP awards 12.6MEUR tender for smart meters supply

Croatian state-owned power utility HEP has awarded a deal for the supply of electricity smart meters to electrical equipment maker Cotra.

http://serbia-energy.eu/croatia-power-utility-hep-awards-12-6meur-tender-for-smart-meters-supply/

18. Albania: Power trading, EFT decreases market share vs An-tix &GEN-I

Swiss energy company EFT has lost its dominance in business with the Albanian DSO electricity market operator which is buy-ing the electricity to cover the losses in DSO grid. For the month of February 2015 EFT has won only 32 percent of the market share, while other power traders became more active in increasing their market share.

http://serbia-energy.eu/albania-power-trading-eft-decreases-market-share-vs-antix-gen-i/

19. Romania: RES producers got 376MEUR in 2014 from sale of green certificates

Wholesale price of electricity in Romania could increase by 50% if the contribution of renewable energy should be removed

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from the mix of production, stated Vice President of National Regulatory Authority for Energy (ANRE), Emil Cap.

http://serbia-energy.eu/romania-res-producers-got-376eur-in-2014-from-sale-of-green-certificates/

20. Romania: Enel, CEZ, Transeletrica file court claims against Energy regulator ANRE for RoR directive

All companies with stakes in energy and gas distribution in regu-lated regime, will call ANRE in court to cancel the order and methodology that has diminished their Regulated Rate of Re-turn (RRR) to 7.7. Recently an information appeared in public, that the group Electrica S.A. and its distribution subsidiaries claim in court the cancellation of the order.

http://serbia-energy.eu/romania-enel-cez-transeletrica-file-court-claims-against-energy-regulator-anre-for-ror-directive/

21. Hungary: MOL took over Romanian gas stations from Eni

Hungarian oil and gas company MOL has successfully taken over a network of 42 gas stations that were owned by the Italian oil company Eni in Romania.

http://serbia-energy.eu/hungary-mol-took-over-romanian-gas-stations-from-eni/

22. Bosnia: Gov issues energy balance decision 2015

BiH Federation Government issued a decision on the adoption of the Balance of Energy Requirements of the Federation of Bosnia and Herzegovina for 2015th prepared by the Ministry of Energy, Mines and Industry. Thttp://serbia-energy.eu/bosnia-gov-issues-energy-balance-decision-2015/

23. Romania: OPCOM power exchange marks record transac-tions for february

Power market stock exchange OPCOM announced that in less than a year after its launch on 3 March 2014 on centralized mar-ket with continuous double negotiating bilateral contracts for electricity (PC OTC) transactions reached records .

http://serbia-energy.eu/romania-opcom-power-exchange-marks-record-transactions-for-february/

24. Romania: Insolvency threatens the renewable energy sec-tor

The sector of renewable energy sources in Romania, after the termination of the initial boom period, could face the problem of insolvency this year. http://serbia-energy.eu/romania-insolvency-threatens-the-renewable-energy-sector/

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25. Hungary: MOL waives extraordinary payment of INA’s divi-dend

Hungarian MOL suspended its request for convening of an ex-traordinary meeting of shareholders of Oil industry INA with the proposal for extraordinary dividend payment in the amount of 2 billion KN, stating as the reason the falling oil prices that could adversely affect INA’s business. Ina is majority owned by MOL.

http://serbia-energy.eu/hungary-mol-waives-extraordinary-payment-of-inas-dividend/

26. Romania: Hidroelectrica sells small HPP assets in value of 20MEUR

Electricity producer Hidroelectrica hopes to get at least 19MEUR from auctioning and sales of 20 small hydro power plants. Prices start from 35490EUR without VAT for a micro-hydropower plant Fălticeni CHEMP, Suceava County, to 3.5MEUR without VAT for a group of small hydropower plants in the river basin Tarlung, Brasov County.

http://serbia-energy.eu/romania-hidroelectrica-sells-small-hpp-assets-in-value-of-20meur/

27. Croatia: The environmental permit for TPP Jertovec

State owned power company HEP Production has received an environmental permit (decision on integrated environmental pro-tection conditions) for combined gas-steam thermal power plant (CTPP) Jertovec.

http://serbia-energy.eu/croatia-the-environmental-permit-for-tpp-jertovec/

28. Montenegro: Negotiations with potential concessionaries for oil and gas exploration started

Ministry of Economy of Montenegro announced that preliminary negotiations started with bidders in the tender for the conces-sion for oil and gas exploration. In May, the ministry announced that the bids were submitted by the three consortia – Marathon Oil Corporation and OMV; Eni and Novatec; Energean Oil & Gas and Mediterrenean Oil & Gas.

http://serbia-energy.eu/montenegro-negotiations-with-potential-concessionaries-for-oil-and-gas-exploration-started/

29. Hungary: Alpiq to modernize equipment at power plant Cse-pel II with Alstom

The company Alpiq Suisse is owner of the combined gas power plant Csepel II, which is located on the bank of the Danube in Budapest. Built in 2000, Csepel II was the first thermal power plant in Hungary financed by private capital. The plant capacity

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is 403 MW and an average production of 992 GWh per year, covering about six percent of the country’s need for energy.

http://serbia-energy.eu/hungary-alpiq-to-modernize-equipment-at-power-plant-csepel-ii-with-alstom/

30. Bosnia: “Holdina” is the largest importer of petroleum prod-ucts in the FBiH

In 2014, “Holdina” was the largest importer of petroleum prod-ucts in the Federation of BiH, according to the Federal Ministry of Trade. Last year, “Holdina” imported 496,329 tons of petro-leum products, which represents a market share of 71.60%.

http://serbia-energy.eu/bosnia-holdina-is-the-largest-importer-of-petroleum-products-in-the-fbih/

31. Romania: The ban on importing and exporting of electricity for suppliers and producers of energy

Under the new rules, only the energy traders will be able to im-port or export electricity on the basis of a license issued by the Romanian Agency for Energy, ANRE. Energy suppliers will no longer be able to trade electricity.

http://serbia-energy.eu/romania-the-ban-on-importing-and-exporting-of-electricity-for-suppliers-and-producers-of-energy/

32. Romania: Transelectrica marks record electricity exports

Total electricity production in Romania last year amounted to 64,750 GWh, which is 10.5 percent more than in 2013, shows the report of the company Transelectrica.

http://serbia-energy.eu/romania-transelectrica-marks-record-electricity-exports/

33. Hungary: Siemens to join NPP Paks expansion project with Russian contractors

German engineering giant Siemens will join the Paks nuclear plant expansion project. The controversial 12.5-billion-eurodeal, agreed by Hungary PM Orban and Russian President Vladimir Putin last year, will enable the expansion of Hungary’s sole nu-clear power plant, largely financed by loans from Moscow.

http://serbia-energy.eu/hungary-siemens-to-join-npp-paks-expansion-project-with-russian-contractors/

34. Albania: Forced electricity exports of 220MW

Albanian Power Corporation has started exporting electricity. AEC currently sells 220MW because of problems with Duke HPP. According to AEC, auction is closed and con-tracted sales of the amount of energy for the next two weeks with an average price of 38.5 euros per megawatt.

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http://serbia-energy.eu/albania-forced-electricity-exports-of-220mw/

35. Romania: Centralized market of green certificates to open for RES producers from other EU countries

The measure of market opening for local green certificate is re-quired by the European Commission. All Member States should implement such measures. Thus, one producer in Hungary, for example, can sell green power in Romania and receive green certificates related to its account, in Romania schema support.

http://serbia-energy.eu/romania-centralized-market-of-green-certificates-to-open-for-res-producers-from-other-eu-countries/

36. Bosnia: NGOs & citizens opposed to the construction of HPPs in Sutjeska national park

More than 6,000 citizens signed a petition to the National As-sembly of the Republika Srpska asking for bringing of the con-clusion that the construction of small hydropower plants in the National Park (NP) “Sutjeska” is not in the public interest.

http://serbia-energy.eu/bosnia-ngos-citizens-opposed-to-the-construction-of-hpps-in-sutjeska-national-park/

37. Bosnia/Republika Srpska: 100MEUR Flue gas desulphuriza-tion plant project funded by Japanese loan, delayed and expen-sive project, the report

Power plant in Ugljevik had to drastically decrease sulfur diox-ide in its smoke, so it took out a 90MEUR loan for a desulfuriza-tion plant. The loan is coming due and the construction has not even begun. When BiH joined the Energy Community, RITE started to work more actively to decrease SO2. Tokyo-based TEPSCO made a project and the Japanese Investment Bank approved a 181 million KM loan with an annual interest rate of 0.65 percent at the end of 2009. According to EPRS, the Euro-pean banks were not interested in this project.

http://serbia-energy.eu/bosniarepublika-srpska-100meur-flue-gas-desulphurization-plant-project-funded-by-japanese-loan-delayed-and-expensive-project-the-report/

38. Romania: Citizens oppose the construction of a new unit in NPP Kozloduy Bulgaria, cross border environmental impact in the question

The Romanian citizens who live on the opposite bank of the Da-nube oppose the planned construction of a new unit in the nu-clear power plant Kozloduy Bulgaria. http://serbia-energy.eu/romania-citizens-oppose-the-construction-of-a-new-unit-in-npp-kozloduy-bulgaria-cross-border-environmental-impact-in-the-question/

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39. Bulgaria/Romania: The diversification of gas supply to the Balkans is in progress

Slovakia, Bulgaria, Romania and Hungary are planning a new main gas pipeline. Slovakian pipeline operator Eustream in-tends within two weeks to sign a memorandum of understand-ing with its Bulgarian and Romanian counterparts in order to build a pipeline that would diversify gas supply to the Balkans.

http://serbia-energy.eu/bulgariaromania-the-diversification-of-gas-supply-to-the-balkans-is-in-progress/

40. Balkans, Croatia/Slovenia: Nuclear power plant of regional importance, GEN-I plans to utilize Krsko 2 for electricity exports

The decision to build a new unit of the nuclear power plant also justified to Slovenia, which already has been a net electricity im-porter for several previous years, is needed as much today. Reli-ability of the electric power system of Slovenia is challenged due to the fact that we have no other natural resources in addi-tion to those already in use, while nuclear energy has an impor-tant place stated Director of GEN Energy, a company that owns part of the Slovenian nuclear power plant Krsko.

http://serbia-energy.eu/balkans-croatiaslovenia-nuclear-power-plant-of-regional-importance-gen-i-plans-to-utilize-krsko-2-for-electricity-exports/

41. Romania: New rules for issuance of licenses in power mar-ket, difference between traders and suppliers

The proposals of Romanian regulatory agency ANRE will not restrict suppliers from entering into cross-border import and ex-port transactions. This statement should in some way clarify the intentions of the regulatory agency, which have been in the spot-light after being released recently.

http://serbia-energy.eu/romania-new-rules-for-issuance-of-licenses-in-power-market-difference-between-traders-and-suppliers/

42. Croatia: Power company HEP, Transformation project lead by PWC may bring 50MEUR cost saving annually

Croatian power company Hrvatska Elektroprivreda d.d. (HEP) has ended the first phase of its operational and strategic trans-formation process in which HEP’s measures and cost saving po-tentials were identified and estimated to 50MEUR annually. Transformation process, comprised of three phases, is being im-plemented by PWC, and started at the end of May (late May).

http://serbia-energy.eu/croatia-power-company-hep-transformation-project-lead-by-pwc-may-bring-50meur-cost-saving-annually/

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43. Hungary: NPP Paks produced 54% of domestic electricity portfolio in 2014

In 2014 the Paks Nuclear Power Plant was the most important electricity producer in Hungary. Last year, PAKS NPP produced  53.6 percent of gross domestic electricity production. The NPP is did not had any major technical problem, and the number of minor technical disturbances also fell.

http://serbia-energy.eu/hungary-npp-paks-produced-54-of-domestic-electricity-portfolio-in-2014/

44. Bosnia: Electricity market overview 2015

Bosnia and Herzegovina is the only net electricity exporter in this group of countries, even though the capacities for electricity production are not fully utilized, and therefore there is room for significant increases in production. http://serbia-energy.eu/bosnia-electricity-market-overview-2015/

45. Croatia: Marubeny would sell electricity from Plomin C at ex-tremely high price

HEP’s chosen strategic partner for construction and manage-ment of Plomin C, Japanese Marubeny, has already been con-victed twice, and grounded with multimillion fines for bribery, they used for winning big projects.

http://serbia-energy.eu/croatia-marubeny-would-sell-electricity-from-plomin-c-at-extremely-high-price/

46. Montenegro: Electricity market overview 2015

Report on the energy balance of Montenegro for 2014th con-firmed once again that domestic production could not meet the demand for electricity. Montenegro will face with the electricity lack accounting for 9.2 percent of total consumption. http://serbia-energy.eu/montenegro-electricity-market-overview-2015/

47. Macedonia: Electricity market overview 2015

The electricity production in Macedonia is not sufficient to cover domestic needs. The deficit in the energy balance is in the range of 20 to 25 percent. In 2013th, domestic production cov-ered only 70 percent of the country’s need for electricity. http://serbia-energy.eu/macedonia-electricity-market-overview-2015/

48. Bulgaria: Gov wants to divide the national power company in four profit centers

Bulgaria Government plans to divide NEK into four parts, be-cause of serious debt. Debts of the national company amounted to nearly 520 MEUR. http://serbia-energy.eu/bulgaria-gov-wants-to-divide-the-national-power-company-in-four-profit-centers/

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49. Bosnia/Republika Srpska: TEPCC China energy company eyes local market

Minister of Industry, Energy and Mining of Republika Srpska,Pe-tar Djokic meet in Banja Luka with representatives of Chinese company TEPCC / Tianjin Electric Power Construction Com-pany / on the possibility of cooperation in the energy sector in Srpska.

http://serbia-energy.eu/bosniarepublika-srpska-tepcc-china-energy-company-eyes-local-market/

50. Macedonia mining: New gold deposits discovered, Euromeax Resources alone in exploration concession rights

Geological Institute of Macedonia confirmed earlier estimates of gold and copper reserves in Bosilovo municipality. Geological Institute of Macedonia completed a study review of the geologi-cal tests at locations near Ilovica and Stuka in Bosilovo munici-pality where new copper and gold mine should be opened and confirmed earlier estimates of the reserves of these minerals.

http://serbia-energy.eu/macedonia-mining-new-gold-deposits-discovered-euromeax-resources-alone-in-exploration-concession-rights/

51. Croatia: Green NGOs start opposition campaign against oil exploration concessions in Adriatic

The Green action and the national network of associations for ecology Green Forum, consider as unacceptable the intention of the Croatian Government to sign contracts with concession-aires for the exploration and exploitation of oil in the Adriatic.

http://serbia-energy.eu/croatia-green-ngos-start-opposition-campaign-against-oil-exploration-concessions-in-adriatic/

52. Croatia: Alstom is main supplier of equipment for Plomin C,will the project’s price go up for Marubeni?

French energy company that started many projects overseas, and at the same time cooperates with Marubeny as the main supplier of equipment in the project ofconstruction of HEP’s coal-fired thermal power plant, Plomin C.

http://serbia-energy.eu/croatia-alstom-is-main-supplier-of-equipment-for-plomin-cwill-the-projects-price-go-up-for-marubeni/

53. Republika Srpska: UK Swiss Co EFT Group invests 131.2 MEUR in TPP “Stanari” in 2015th

During the last year it was invested 163.36 MEUR in the project “Stanari”, and since the establishment of EFT-Rite “Stanari”, from 2005th until today, has been invested 399 MEUR. Project

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of TPP “Stanari” is one of the largest investments in the energy sector in BiH.

http://serbia-energy.eu/republika-srpska-uk-swiss-co-eft-group-invests-131-2-meur-in-tpp-stanari-in-2015th/

54. Bosnia: Third round of tender for contractor for new TPP Ba-novici at the end of March

The activities concerning the construction of the thermal power plant in Banovići have been carried out continuously. The selec-tion of the most favorable company to perform the works is un-derway, and this should also be executed in the following sev-eral months.

http://serbia-energy.eu/bosnia-third-round-of-tender-for-contractor-for-new-tpp-banovici-at-the-end-of-march/

55. Montenegro: TSO co CGES and Power utility EPCG to set-tle multi-million dept

In Commercial Court, three CGES lawsuits against EPCG worth around ten million euros. The majority state-owned com-panies, the Montenegrin Electrical Transmission System (CGES) and the Electric Power Industry of Montenegro (EPCG), are on the verge of reaching the agreement about solv-ing the disputed mutual debts of two years.

http://serbia-energy.eu/montenegro-tso-co-cges-and-power-utility-epcg-to-settle-multi-million-dept/

57. Croatia: RES electricity producers increase their market share

By the end of this year,it is predicted that 280 new plants on re-newable energy sourceswill be put into operation, with planned power of 494.237 megawatts (MW), said Hrvoje Marjanovic, president of the Croatian Association for Energetics.

http://serbia-energy.eu/croatia-res-electricity-producers-increase-their-market-share/

58. Bulgaria: Forecast for new power generation, electricity net-work development strategy 2015-2024

Bulgaria will launch a new nuclear capacity in the next 10 years, according to forecasts of the electricity system operator ESO. According to ESO, which is state-owned, thermal power plant “Maritsa Iztok 2″ will have to expand the units 9 and 10 in the next 10 years.

http://serbia-energy.eu/bulgaria-forecast-for-new-power-generation-electricity-network-development-strategy-2015-2024/

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59. Montenegro: Design and construction of the underwater power cable cable in accordance with the plan claim TERNA CEO MNE

Activities relating to the design and construction of the underwa-ter cable between Italy and Montenegro arebeing carried out in accordance with the planned schedule, said the CEO of the company TERNA Montenegro, Claudio Marchiori. Finance Min-ister Radoje Žugić met with Marchiori, and discussed with him on the implementation of the running projects of the company TERNAin the territory of Montenegro, placing the emphasis on the most important development project in the field of energy – the construction of aunderwater cable between Italy and Monte-negro.

http://serbia-energy.eu/montenegro-design-and-construction-of-the-underwater-power-cable-cable-in-accordance-with-the-plan-claim-terna-ceo-mne/

60. Montenegro: Gov plans to boost construction of gas infra-structure

Montenegro can achieve multiple benefits stemming from the development of the Trans-Anatolian (TANAP) and Trans-Adriatic (TAP) pipeline projects commented the Minister of Economy, Vladimir Kavaric. http://serbia-energy.eu/montenegro-gov-plans-to-boost-construction-of-gas-infrastructure/

61. Republika Srpska: TPP “Gacko” failed to meet january pro-duction plan

Thermal power plant “Gacko” has not fulfilled the production plan for the month of January 2015th . According to Borivoje Vu-jicic, executive director for the electricity production in TPP “Gacko”, the lower heating coal value than planned is the rea-son for failure to meet the production plan.

http://serbia-energy.eu/republika-srpska-tpp-gacko-failed-to-meet-january-production-plan/

62. Bosnia/Republika Srpska: RS adopted electric power bal-ances for 2015/2017

Government of the Republic of Srpska has adopted the re-balance of this year’s electric power balance of Srpska, the elec-tric power balance for the next year, as well as the electric power balance of Srpska for the period from 2015 to 2017.

http://serbia-energy.eu/bosniarepublika-srpska-rs-adopted-electric-power-balances-for-20152017/

63. SEE/Serbia, Bosnia, Montenegro, Macedonia, Albania: Bal-ancing framework, regional balancing integration in SEE

Serbia is a part of SMM control block together with Montenegro and Macedonia. EMS as Transmission System Operator is obliged to provide System services for the control area.

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http://serbia-energy.eu/seeserbia-bosnia-montenegro-macedonia-albania-balancing-framework-regional-balancing-integration-in-see/

64. Hungary: MVM took over 50% of company Panrusgáz from E.ON

Hungarian MVM purchased from the German company E.ON 50 percent of stake in the gas trading company Panrusgáz. The value of the transaction was $ 3.5 million, and it was completed on the basis of the previous agreement, reported MVM.

http://serbia-energy.eu/hungary-mvm-took-over-50-of-company-panrusgaz-from-e-on/

65. Romania: Transelectrica and Electrica increased profits

Romanian company for electricity transmission “Transelectrica” made a profit of 83.3 million euros in 2014, which is 85 percent more than in 2013. The distributor of electricity “Electrica” re-corded a net profit of 63 million euros, which is considerably higher than in 2013.

http://serbia-energy.eu/romania-transelectrica-and-electrica-increased-profits/

66. Romania: Hidroelectrica won court cases against electricity traders for force majeure clause

Bucharest Court rejected the appeal filed by Elsid Titu SA which called on force majeure clause in electricity supply contract con-cluded with Hidroelectrica.

 http://serbia-energy.eu/romania-hidroelectrica-won-court-cases-against-electricity-traders-for-force-majeure-clause/

67. Bulgaria: NEK under investigation for 600MW sold in sept-nov 2014

The Ministry of Energy of Bulgaria prepared new rules for sales of electricity, iw was stated in the Parliament by Temenuska Petkova, the Minister of Energy.

http://serbia-energy.eu/bulgaria-nek-under-investigation-for-600mw-sold-in-sept-nov-2014/

68. Romania: Financial mechanism for new NPP Cernavoda units under negotiation with China Nuclear Power Corp, other banks are welcomed

Although the memorandum with China Nuclear Power General Corporation (CGN) to contruct two new reactors, Cernavoda 3 and 4 should have been signed since mid-December 2014, the government and Nuclearelectrica still negotiating with the Chi-nese on several important points – but no detail may not be of-fered until the end of the debates, said Daniela Lulache, gen-eral manager of Nuclearelectrica.

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http://serbia-energy.eu/romania-financial-mechanism-for-new-npp-cernavoda-units-under-negotiation-with-china-nuclear-power-corp-other-banks-are-welcomed/

69. Montenegro: New round of privatization for Power utility EPCG in 2015, A2A to exit the partnership?

The Parliamentary Commission for Monitoring and Control of the Privatization Procedure has adopted the work plan for the year 2015, according to which the sale of the Electric Power In-dustry of Montenegro (EPCG) will be considered.

http://serbia-energy.eu/montenegro-new-round-of-privatization-for-power-utility-epcg-in-2015-a2a-to-exit-the-partnership/

70. Croatia: Power utility HEP to raise cash on stock market for financing new projects

The initial public offer of Croatia power utility company HEP’s shares could happen in the autumn, and the collected cash will be used for financing of capital projects and regional market ex-pansion.

http://serbia-energy.eu/croatia-power-utility-hep-to-raise-cash-on-stock-market-for-financing-new-projects/

71. Hungary: MVM to expand to Slovakia power market, take-over of Slovenske elektrarne feasible

The General Director of the Hungarian energy company MVM Csaba Baji said that the nuclear energy will be used in the long run. In addition to the construction of two new blocks of the nu-clear power plant Paks, also is planned a takeover of the 66 per-cent of the Slovak company Slovenské elektrárne. Baji said that this is a good opportunity to cover a part of Slovak electricity market.

http://serbia-energy.eu/hungary-mvm-to-expand-to-slovakia-power-market-takeover-of-slovenske-elektrarne-feasible/

72. Romania: Bilateral contracts for RES 5MW projects to be re-stored?

Parliament is preparing a new bill which will enable long-term energy bilateral contracts for owners of renewable energy pro-jects with total installed capacity of less than 5 MW. Energy sup-pliers AFEER, applied for permission to enter direct bilateral contracts for renewable capacity up to 10 MW.

http://serbia-energy.eu/romania-bilateral-contracts-for-res-5mw-projects-to-be-restored/

73. Croatia: MOL plans oil processing in Serbia, Bosnia or Hun-gary refineries

Sisak Refinery, part of INA Oil company, has been processing only domestic oil, the annual quantity of which is around 600 thousand tons. INA majority ownership belongs to MOL. Mid

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last month, the Refinery in Sisak was not stopped only tempo-rarily, until the oil necessary for normal continuation of opera-tion was gathered, as Ina officials have tried to convince the an-gry workers and the Croatian public.

http://serbia-energy.eu/croatia-mol-plans-oil-processing-in-serbia-bosnia-or-hungary-refineries/