Construction of Turkey-North Cyprus electricity cable to start in this year – Turkey, 28 August 2017

Minister of Economy and Energy of Turkish Republic of North Cyprus (TRNC), Sunat Atun said that the start of construction works on the submarine electricity cable between TRNC and Turkey is planned for this year. Minster Atun said that the energy protocol to build the electricity cable that will take approximately two to two and […]

Second largest shareholder in Petrol plans to sell its stake – Slovenia, 28 August 2017

The Slovenian-Czech investment fund J&T, which acquired shares in Slovenian energy company Petrol between 2014 and 2015, is looking for a buyer for its 12 % stake in the company. When it acquired Petrol’s shares, J&T hid behind an account opened in one Czech bank, as well as behind a Cypriot company, which also took […]

EPS to invest 600 million euros in HPPs modernization – Serbia, 28 August 2017

Director of Strategy at Serbian state-owned power utility EPS Aleksandar Jakovljevic said at the energy forum in Belgrade that the company plans to invest 600 million euros until 2025 in the modernization and upgrade of its hydro power plants. Jakovljevic explained that these modernization projects will allow the company to increase the installed capacity of […]