First CAT auction expected in September – Greece, 10 July 2018

The new CAT mechanism model compensating electricity generation flexibility, is expected to be launched in Greece in September, but it will be valid for less than a year, until the implementation of the target model, which aims for creating a single European market, is set to start in first half of 2019. Independent electricity producers […]

Deadline for PPC’s units sale set for 7 October – Greece, 10 July 2018

The participants of the second round of the international tender for the bailout-required sale of 40 % of lignite-fired units of state-controlled Public Power Corporation (PPC) will have 90 days, namely until 7 October, to submit their binding offers. A total of six parties submitted a non-binding expressions of interest for the sale’s first round. […]

Bulgaria to launch hydrocarbon exploration tender for Tervel offshore block – Bulgaria, 10 July 2018

Bulgarian Ministry of Energy said that it is preparing to launch oil and gas exploration and exploitation tender for Tervel offshore block in Bulgarian part of the Black Sea. The statement was published following the meeting of Minister of Energy Temenuzhka Petkova and Xavier Faugeras, General Manager of Total Exploration & Production Bulgaria, the company […]