Croatia explores nuclear energy cooperation with US, focuses on small modular reactors Read More »

Croatia explores nuclear energy cooperation with US, focuses on small modular reactors

During a meeting in Washington with a US delegation led by Maria Korsnick, President and CEO of the Nuclear Energy Institute, Croatian Minister of Economy Ante Susnjar discussed potential cooperation between Croatia and the United States in advancing nuclear energy. The focus of the talks was on the deployment of small modular reactor (SMR) technology. […]

Bulgaria: Unit 5 of NPP Kozloduy to undergo scheduled maintenance and refueling in May 2025 Read More »

Bulgaria: Unit 5 of NPP Kozloduy to undergo scheduled maintenance and refueling in May 2025

Bulgaria’s Kozloduy nuclear power plant will shut down Unit 5 for its scheduled annual maintenance and refueling starting on May 5, 2025. The maintenance is expected to be completed by mid-June, with a series of necessary technical services, preventive maintenance, upgrades, and repairs being carried out on the unit’s equipment and systems. This maintenance is

Bosnia and Herzegovina: Simultaneous maintenance shutdowns at RS’s largest power plants to impact electricity supply Read More »

Bosnia and Herzegovina: Simultaneous maintenance shutdowns at RS’s largest power plants to impact electricity supply

For the first time since their inception, the two largest electricity producers in the Republic of Srpska (RS)—the coal-fired thermal power plants Gacko and Ugljevik—will be out of operation simultaneously due to scheduled maintenance. These plants, which together generate over 65% of RS’s electricity, will be offline starting from May 24 at the earliest until

Serbia: NIS Group sees 16% profit decline in Q1 2025 amid lower oil prices and SDN listing Read More »

Serbia: NIS Group sees 16% profit decline in Q1 2025 amid lower oil prices and SDN listing

Serbian oil and gas company NIS Group recorded a net profit of €12.8 million in the first quarter of 2025, down 16% compared to the same period last year. EBITDA fell by 15% to €72.5 million, reflecting the impact of softer oil prices and ongoing international restrictions. The company allocated €47 million to capital investments,

Serbia: EPS posts €92 million Q1 profit, advances in renewables despite hydropower slump Read More »

Serbia: EPS posts €92 million Q1 profit, advances in renewables despite hydropower slump

State-owned Serbian power utility Elektroprivreda Srbije (EPS) reported a net profit of €92 million in the first quarter of 2025, surpassing expectations despite a reduction in electricity prices for businesses of up to 20% year-on-year. The strong financial performance has been attributed to improved operational efficiency and a secure energy supply during the winter. While

Romania: Hidroelectrica sees 38% drop in Q1 2025 output, confirms €800 million dividend payout Read More »

Romania: Hidroelectrica sees 38% drop in Q1 2025 output, confirms €800 million dividend payout

Romanian state-controlled electricity producer Hidroelectrica reported a sharp year-on-year decline in electricity output for the first quarter of 2025, with gross generation falling 38% to 2,735 GWh. Net production mirrored this decline, also down 38% to 2,656 GWh. Electricity sales dropped by 36% to 2,843 GWh, while electricity purchases rose 10% to 196 GWh. The

Romania: OMV Petrom sees 24% profit drop in Q1 2025, eyes record investment year Read More »

Romania: OMV Petrom sees 24% profit drop in Q1 2025, eyes record investment year

OMV Petrom, Romania’s leading oil and gas company, reported a 24% year-on-year drop in net profit for the first quarter of 2025, totaling €220.9 million. The decline follows a period of elevated earnings in prior years, which were buoyed by soaring energy prices triggered by the war in Ukraine. Despite the profit dip, the company

Bulgaria: TPP Bobov Dol reports strong Q1 2025 profit surge amid revenue growth Read More »

Bulgaria: TPP Bobov Dol reports strong Q1 2025 profit surge amid revenue growth

Bulgarian coal-fired power plant TPP Bobov Dol posted a net profit of €5.1 million in the first quarter of 2025, significantly up from €1.35 million during the same period last year. The company’s total revenues soared to €64.6 million, marking an 84% year-on-year increase. Operating costs also rose sharply, reaching €59.6 million in Q1 2025—an

Bosnia and Herzegovina: Five-company consortium wins €8.3 million contract for TPP Gacko cooling tower reconstruction Read More »

Bosnia and Herzegovina: Five-company consortium wins €8.3 million contract for TPP Gacko cooling tower reconstruction

A consortium comprising four local firms and a recently established Hungarian company has secured an €8.3 million contract from RiTE Gacko, the coalmine and thermal power plant operator, for the reconstruction of its aging cooling tower. The winning group includes Bosnian companies Elnar, Projekt, GP Gradip, and Montig Energetika, alongside 3g Energy, a relatively unknown

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