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New unit at TPP Kostolac B to be completed by end-2020 – Serbia, 2018-08-27

Serbian Minister of Mining and Energy Aleksandar Antic has met with Zhang Chun, President of China Machinery Engineering Corporation (CMEC), which is currently involved in the construction of 350 MW unit at thermal power plant Kostolac B. Minister Antic thanked CMEC for understanding the need of Full article available for subscribers of Energy NEWS service […]

NIS distributed almost 60 million euros in dividends – Serbia, 2018-08-28

Serbian oil company NIS, majority owned by Russian GazpromNeft, distributed dividends to its shareholders in total amount of 58.6 million euros, which is 73 % more than last year. Gross dividend amounted to some 0.36 euros/share. NIS recorded a net profit of 229 million euros in 2017 and 25 % of Full article available for […]

Rise in CO2 emission rights prices will damage EC Oltenia’s profitability – Romania, 2018-08-28

The price of CO2 emission rights surpassed 20 euros/ton, which is three times higher compared to this period in 2017. Romanian state-owned electricity producer Energy Complex (EC) Oltenia is one of the most affected companies, as its annual emission rights bill would reach 250 million euros. The Full article available for subscribers of Energy NEWS […]