Skoda Praha submitted alternative proposal for financing TPP Pljevlja second unit – Montenegro, 28 February 2017

Montenegrin power utility EPCG announced that the Czech company Skoda Praha has submitted an alternative proposal for financing the construction of second unit at coal-fired thermal power plant Pljevlja. The statement from EPCG said that the project management team will review the proposed alternative and after further negotiations try to reach an agreement with the […]

MOL recorded 941 million dollars profit in 2016 – Hungary, 28 February 2017

Hungarian oil and gas company MOL significantly outperformed its initial target for 2016 of 2 billion dollars and delivered a clean CCS EBITDA in the amount of 2.15 million dollars, which is only moderately lower compared to the previous year. Upstream segment has shown great resilience to the deteriorating external environment as a 17 % […]

No gas price hike for households – Croatia, 28 February 2017

At today’s session, Croatian Government decided that the price of natural gas for households will not be increased as of 1 April, as it was previously planned. The price at which power utility HEP will sell gas to suppliers in public service (for households and heat production) should be 0.0235 euros/kWh, which also includes the […]