News

HROTE: HEP CONTINUES TO LOSE MARKET SHARE (CROATIA)

Croatian power utility (HEP), a dominant electricity supplier in the country, has lost almost 15 % of the market. This was said by Ivor Zupanic, the director of Croatian Energy Market Operator (HROTE) in mid-November. According to data from September, HEP’s subsidiaries, the HEP Supply and HEP-ODS (universal service provider), supplied 46.4 % and 39.3 […]

MVM AND SLOVNAFT SUBMITTED NON-BINDING BID FOR ENEL`S ASSETS IN SLOVAKIA

Slovakian unit of Hungarian MOL Group and MVM Group have submitted a joint, non-binding offer for purchase of Enel`s 66% stake in Slovakian Slovenske Elektrarne. Remaining shares in the company are owned by the government of Slovakia. Enel confirmed it received several non-binding bids, but did not disclose all bidder. Till now, it is known […]

GAZPROM CANCELLED SOUTH STREAM PROJECT (REGION)

After several months of trouble with incompatibility with EU legislation, on 1st of December CEO of Gazprom, Mr. Alexey Miller announced that Gazprom decided to abandon South Stream project and that company will built new pipeline toward Turkey, with the same capacity of 63 billion cubic meters (cbm) annually. Mr. Miller also added that memorandum […]